Western Wealth Management LLC Trims Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Western Wealth Management LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,728 shares of the investment management company’s stock after selling 129 shares during the period. Western Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $1,438,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Albert D Mason Inc. lifted its holdings in shares of The Goldman Sachs Group by 4.3% in the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after acquiring an additional 27 shares during the last quarter. Mayflower Financial Advisors LLC lifted its stake in The Goldman Sachs Group by 1.4% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock worth $760,000 after purchasing an additional 28 shares during the last quarter. Avitas Wealth Management LLC lifted its stake in The Goldman Sachs Group by 0.7% in the fourth quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock worth $1,711,000 after purchasing an additional 29 shares during the last quarter. Samalin Investment Counsel LLC lifted its stake in The Goldman Sachs Group by 3.5% in the third quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock worth $289,000 after purchasing an additional 30 shares during the last quarter. Finally, Hamilton Capital LLC lifted its stake in The Goldman Sachs Group by 4.3% in the third quarter. Hamilton Capital LLC now owns 727 shares of the investment management company’s stock worth $235,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE GS opened at $404.00 on Friday. The firm’s fifty day simple moving average is $396.43 and its two-hundred day simple moving average is $366.20. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $419.20. The firm has a market capitalization of $131.11 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.29 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same period in the previous year, the company earned $8.79 earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. Analysts forecast that The Goldman Sachs Group, Inc. will post 35.41 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.72%. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Bank of America raised their price objective on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th. Barclays raised their price objective on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods raised their target price on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Finally, HSBC raised their target price on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $434.93.

Insider Activity at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kathryn H. Ruemmler sold 7,277 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total value of $2,763,877.37. Following the completion of the transaction, the insider now owns 6,501 shares of the company’s stock, valued at $2,469,144.81. The disclosure for this sale can be found here. Insiders have sold a total of 35,907 shares of company stock valued at $13,950,851 in the last ninety days. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.