NBW Capital LLC Cuts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

NBW Capital LLC decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 614 shares of the investment management company’s stock after selling 23 shares during the quarter. NBW Capital LLC’s holdings in The Goldman Sachs Group were worth $256,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. First Personal Financial Services purchased a new position in The Goldman Sachs Group during the first quarter valued at $25,000. First United Bank & Trust purchased a new position in The Goldman Sachs Group in the 4th quarter valued at about $26,000. Versant Capital Management Inc boosted its holdings in The Goldman Sachs Group by 106.3% in the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after buying an additional 34 shares during the last quarter. Pineridge Advisors LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter worth about $29,000. Finally, LifeSteps Financial Inc. purchased a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on GS. UBS Group boosted their price target on The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. HSBC raised their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a research note on Tuesday, April 16th. Barclays raised their target price on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Finally, Evercore ISI upped their price target on The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $495.94.

The Goldman Sachs Group Trading Down 5.9 %

NYSE GS traded down $29.48 during trading on Friday, hitting $470.64. The stock had a trading volume of 6,115,462 shares, compared to its average volume of 2,606,533. The company has a market capitalization of $151.76 billion, a PE ratio of 18.38, a PEG ratio of 0.99 and a beta of 1.37. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $517.26. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 1.97. The firm has a 50 day moving average price of $469.30 and a 200 day moving average price of $428.76.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a dividend of $3.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

Insiders Place Their Bets

In related news, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the completion of the transaction, the insider now directly owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the completion of the sale, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the completion of the sale, the insider now directly owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The disclosure for this sale can be found here. Insiders have sold a total of 4,013,500 shares of company stock worth $32,181,365 in the last ninety days. 0.54% of the stock is owned by corporate insiders.

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.