Spire Wealth Management Sells 65 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Spire Wealth Management decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,324 shares of the investment management company’s stock after selling 65 shares during the period. Spire Wealth Management’s holdings in The Goldman Sachs Group were worth $2,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BKM Wealth Management LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $32,000. Cambridge Trust Co. grew its holdings 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 last quarter. Truvestments Capital LLC raised its stake in shares of The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Signature Resources Capital Management LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $39,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in The Goldman Sachs Group during the fourth quarter worth about $42,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction on Thursday, February 22nd. The shares were 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 owns 18,408 shares in the company, valued at approximately $7,190,901.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The disclosure for this sale can be found here. Insiders sold 29,330 shares of company stock worth $11,713,578 over the last 90 days. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Stock Up 0.4 %

Shares of GS traded up $1.79 during mid-day trading on Tuesday, hitting $445.46. 181,205 shares of the company’s stock were exchanged, compared to its average volume of 2,345,011. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $447.03. The company has a market cap of $144.57 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 1.38 and a beta of 1.40. The stock’s 50-day moving average is $405.66 and its 200-day moving average is $376.21.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping the consensus estimate of $8.54 by $3.04. The firm had revenue of $14.21 billion during 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 Goldman Sachs Group’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm posted $8.79 EPS. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued 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 2.47%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

Analyst Upgrades and Downgrades

GS has been the subject of several analyst reports. 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. Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $333.00 to $449.00 in a research report on Tuesday, January 30th. Royal Bank of Canada boosted their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 16th. Oppenheimer raised their price objective on The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Finally, UBS Group upped their price objective 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. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $437.04.

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.