The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 18.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,280 shares of the investment management company’s stock after selling 957 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $1,788,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in shares of The Goldman Sachs Group by 34.4% during the 3rd quarter. AQR Capital Management LLC now owns 165,069 shares of the investment management company’s stock valued at $53,411,000 after acquiring an additional 42,205 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of The Goldman Sachs Group by 12.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 40,329 shares of the investment management company’s stock valued at $13,049,000 after purchasing an additional 4,481 shares during the period. Shelton Capital Management raised its holdings in The Goldman Sachs Group by 103.5% during the 3rd quarter. Shelton Capital Management now owns 11,011 shares of the investment management company’s stock worth $3,563,000 after buying an additional 5,600 shares during the period. Advisors Asset Management Inc. lifted its stake in The Goldman Sachs Group by 37.6% during the third quarter. Advisors Asset Management Inc. now owns 21,207 shares of the investment management company’s stock valued at $6,862,000 after buying an additional 5,796 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group by 191.4% in the third quarter. Axxcess Wealth Management LLC now owns 8,217 shares of the investment management company’s stock worth $2,659,000 after buying an additional 5,397 shares during the period. Institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

GS has been the subject of several research analyst reports. Morgan Stanley reduced their price target on shares of The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating for the company in a research report on Thursday. HSBC raised their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday. Finally, BMO Capital Markets raised their price target on shares of 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. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $443.78.

Insider Activity

In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the transaction, the insider now owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the sale, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $452.32 on Friday. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $471.48. The firm has a fifty day simple moving average of $449.86 and a 200-day simple moving average of $410.79. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18. The stock has a market capitalization of $145.86 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 0.91 and a beta of 1.39.

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, beating analysts’ consensus estimates of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company earned $8.79 earnings per share. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 36.59 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were given a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

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.