Bank of Stockton Lowers Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Bank of Stockton reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,468 shares of the investment management company’s stock after selling 76 shares during the quarter. Bank of Stockton’s holdings in The Goldman Sachs Group were worth $1,348,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Curio Wealth LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth $30,000. Godsey & Gibb Inc. lifted its position in shares of The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after acquiring an additional 34 shares in the last quarter. Transce3nd LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $31,000. Mascagni Wealth Management Inc. bought a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $34,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now owns 3,904 shares of the company’s stock, valued at $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $669.87 on Thursday. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.25. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The company has a 50 day moving average price of $591.14 and a 200 day moving average price of $585.75. The stock has a market capitalization of $205.54 billion, a P/E ratio of 15.55, a PEG ratio of 0.90 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly 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 Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The company had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. During the same period in the prior year, the firm earned $11.58 earnings per share. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.85%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup reduced their price objective 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. Evercore ISI cut their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. Barclays reduced their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Wall Street Zen lowered The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Finally, Daiwa America downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $595.67.

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.