Flputnam Investment Management Co. Sells 181 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Flputnam Investment Management Co. lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 17.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 883 shares of the investment management company’s stock after selling 181 shares during the quarter. Flputnam Investment Management Co.’s holdings in The Goldman Sachs Group were worth $341,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cambridge Trust Co. boosted its position in shares of The Goldman Sachs Group by 82.0% during the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after buying an additional 41 shares during the period. Truvestments Capital LLC lifted its stake in shares of The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after acquiring an additional 44 shares during the last quarter. BKM Wealth Management LLC purchased a new position in The Goldman Sachs Group during the 4th quarter valued at $32,000. Pacific Center for Financial Services bought a new position in The Goldman Sachs Group in the 1st quarter valued at $33,000. Finally, Worth Asset Management LLC purchased a new stake in The Goldman Sachs Group in the first quarter worth $33,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on GS shares. Edward Jones assumed coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating on the stock. Citigroup upped their target price on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday. UBS Group lifted 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 research note on Tuesday, January 9th. HSBC increased their price objective on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Argus raised 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 report on Tuesday. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $434.93.

The Goldman Sachs Group Price Performance

GS opened at $403.11 on Friday. The firm has a market capitalization of $130.82 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. The business’s 50-day moving average is $396.03 and its two-hundred day moving average is $365.61. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $419.20. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data 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 Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same quarter in the prior year, the business posted $8.79 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 32.76 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders 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 dividend on an annualized basis and a yield of 2.73%. The Goldman Sachs Group’s payout ratio is 42.95%.

Insiders Place Their Bets

In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, 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 is available through this link. In other news, CAO Sheara J. Fredman sold 4,300 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the sale, the chief accounting officer now owns 11,463 shares in the company, valued at $4,357,659.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction 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 approximately $11,602,947.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,907 shares of company stock valued at $13,950,851. 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.