Burke & Herbert Bank & Trust Co. Sells 103 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Burke & Herbert Bank & Trust Co. lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,067 shares of the investment management company’s stock after selling 103 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in The Goldman Sachs Group were worth $1,129,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Prestige Wealth Management Group LLC increased its stake in The Goldman Sachs Group by 1.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company’s stock worth $950,000 after buying an additional 18 shares during the period. Wynn Capital LLC increased its stake in The Goldman Sachs Group by 0.3% in the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company’s stock worth $3,211,000 after buying an additional 20 shares during the period. 1900 Wealth Management LLC increased its stake in The Goldman Sachs Group by 2.6% in the 1st quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company’s stock worth $425,000 after buying an additional 20 shares during the period. World Equity Group Inc. increased its stake in The Goldman Sachs Group by 0.9% in the 1st quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company’s stock worth $1,273,000 after buying an additional 20 shares during the period. Finally, Register Financial Advisors LLC increased its stake in The Goldman Sachs Group by 2.5% in the 1st quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company’s stock worth $440,000 after buying an additional 20 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.3%

Shares of The Goldman Sachs Group stock opened at $725.05 on Friday. The firm’s 50 day moving average price is $617.08 and its 200-day moving average price is $591.61. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $726.00. The company has a market cap of $222.47 billion, a P/E ratio of 16.83, a PEG ratio of 0.99 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period last year, the business earned $11.58 EPS. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

Insider Buying and Selling

In related news, Director John B. Hess bought 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director directly owned 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.55% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on GS shares. Morgan Stanley raised their price target on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an “equal weight” rating in a research note on Monday, June 23rd. Wells Fargo & Company reduced their price target on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Citigroup cut their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Finally, JMP Securities cut their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $603.73.

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.