McLean Asset Management Corp Sells 56 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

McLean Asset Management Corp cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 788 shares of the investment management company’s stock after selling 56 shares during the period. McLean Asset Management Corp’s holdings in The Goldman Sachs Group were worth $430,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after purchasing an additional 508 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $32,815,000. Revolve Wealth Partners LLC raised its position in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 58 shares during the period. Chicago Partners Investment Group LLC raised its position in shares of The Goldman Sachs Group by 80.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 2,193 shares of the investment management company’s stock valued at $1,272,000 after purchasing an additional 981 shares during the period. Finally, Spire Wealth Management raised its position in shares of The Goldman Sachs Group by 3.6% during the 4th quarter. Spire Wealth Management now owns 5,087 shares of the investment management company’s stock valued at $2,913,000 after purchasing an additional 179 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director John B. Hess purchased 3,904 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GS has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the company an “equal weight” rating in a research report on Monday, April 7th. Citigroup reduced their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. JPMorgan Chase & Co. reduced their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Finally, Evercore ISI reduced their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $593.40.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $598.50 on Tuesday. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19. The stock has a market capitalization of $183.65 billion, a P/E ratio of 14.76, a PEG ratio of 0.89 and a beta of 1.32. The firm has a fifty day simple moving average of $551.19 and a two-hundred day simple moving average of $582.20. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data 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 net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. During the same period last year, the company posted $11.58 EPS. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.00%. The Goldman Sachs Group’s dividend payout ratio is presently 27.85%.

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.