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

Summit Trail Advisors LLC cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,648 shares of the investment management company’s stock after selling 440 shares during the period. Summit Trail Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GS. Albert D Mason Inc. grew its position in The Goldman Sachs Group by 4.3% during the fourth quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after buying an additional 27 shares during the period. Mayflower Financial Advisors LLC raised its stake in The Goldman Sachs Group by 1.4% during 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 period. Avitas Wealth Management LLC raised its stake in shares of The Goldman Sachs Group by 0.7% in the 4th quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock valued at $1,711,000 after acquiring an additional 29 shares during the period. Addison Advisors LLC raised its stake in shares of The Goldman Sachs Group by 7.5% in the 4th quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock valued at $160,000 after acquiring an additional 29 shares during the period. Finally, Samalin Investment Counsel LLC increased its stake in The Goldman Sachs Group by 3.5% during the 3rd quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock worth $289,000 after buying an additional 30 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on GS shares. Citigroup boosted their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Bank of America boosted 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 report on Tuesday, April 16th. JMP Securities upped their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Argus upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price for the company in a research note on Tuesday, April 16th. Finally, UBS Group upped their price target on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $437.04.

The Goldman Sachs Group Stock Up 1.2 %

NYSE GS traded up $5.38 during mid-day trading on Monday, hitting $443.56. The company’s stock had a trading volume of 1,914,010 shares, compared to its average volume of 2,370,878. The company’s 50 day simple moving average is $404.59 and its 200 day simple moving average is $375.20. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $444.38. 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 firm has a market capitalization of $143.95 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.38 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data 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 business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the business posted $8.79 EPS. Analysts anticipate that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.48%. The Goldman Sachs Group’s payout ratio is 42.95%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’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 transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,330 shares of company stock valued at $11,713,578. Insiders own 0.57% of the company’s stock.

About The Goldman Sachs Group

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.