Summit Trail Advisors LLC Sells 440 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Summit Trail Advisors LLC lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,648 shares of the investment management company’s stock after selling 440 shares during the quarter. Summit Trail Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Connecticut Wealth Management LLC grew its holdings in The Goldman Sachs Group by 4.8% during the fourth quarter. Connecticut Wealth Management LLC now owns 1,090 shares of the investment management company’s stock valued at $420,000 after purchasing an additional 50 shares during the period. TCG Advisory Services LLC bought a new stake in The Goldman Sachs Group during the fourth quarter valued at about $1,712,000. Forte Capital LLC ADV grew its holdings in The Goldman Sachs Group by 17.5% during the fourth quarter. Forte Capital LLC ADV now owns 874 shares of the investment management company’s stock valued at $337,000 after purchasing an additional 130 shares during the period. Vestmark Advisory Solutions Inc. bought a new stake in The Goldman Sachs Group during the fourth quarter valued at about $304,000. Finally, AJOVista LLC bought a new stake in The Goldman Sachs Group during the fourth quarter valued at about $189,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded up $5.38 on Monday, hitting $443.56. 1,914,010 shares of the company were exchanged, compared to its average volume of 2,370,878. The stock has a market capitalization of $143.95 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The company has a 50-day moving average price of $404.59 and a 200 day moving average price of $375.20. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $444.38. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.79 EPS. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GS. BMO Capital Markets increased their price target on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Edward Jones initiated coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating on the stock. Citigroup increased their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Finally, Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $437.04.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Insiders have sold a total of 29,330 shares of company stock valued at $11,713,578 over the last quarter. 0.57% of the stock is owned by company insiders.

The Goldman Sachs Group Company 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.