The Goldman Sachs Group, Inc. (NYSE:GS) Stake Reduced by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,574 shares of the investment management company’s stock after selling 258 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in The Goldman Sachs Group were worth $3,592,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GS. Focused Wealth Management Inc grew its stake in shares of The Goldman Sachs Group by 4.5% in the first quarter. Focused Wealth Management Inc now owns 5,015 shares of the investment management company’s stock worth $2,740,000 after purchasing an additional 217 shares in the last quarter. Harmony Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 12.0% in the first quarter. Harmony Asset Management LLC now owns 2,682 shares of the investment management company’s stock worth $1,465,000 after purchasing an additional 288 shares in the last quarter. Greater Midwest Financial Group LLC grew its stake in shares of The Goldman Sachs Group by 11.6% in the first quarter. Greater Midwest Financial Group LLC now owns 3,911 shares of the investment management company’s stock worth $2,137,000 after purchasing an additional 407 shares in the last quarter. SteelPeak Wealth LLC grew its stake in shares of The Goldman Sachs Group by 53.2% in the first quarter. SteelPeak Wealth LLC now owns 14,773 shares of the investment management company’s stock worth $8,070,000 after purchasing an additional 5,130 shares in the last quarter. Finally, Genus Capital Management Inc. grew its stake in shares of The Goldman Sachs Group by 178.8% in the first quarter. Genus Capital Management Inc. now owns 7,996 shares of the investment management company’s stock worth $4,368,000 after purchasing an additional 18,142 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays decreased their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Hsbc Global Res cut The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday. Wells Fargo & Company increased their price target on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an “overweight” rating in a research note on Tuesday. Citigroup decreased their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. decreased their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $614.00.

The Goldman Sachs Group Trading Down 0.7%

Shares of NYSE GS opened at $704.11 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $726.00. The company has a market cap of $216.05 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 0.97 and a beta of 1.35. 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 business has a fifty day simple moving average of $632.13 and a 200-day simple moving average of $596.39.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate 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 business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the business posted $11.58 earnings per share. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio is 27.85%.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director directly owned 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by corporate insiders.

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.