Etesian Wealth Advisors Inc. Lowers Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Etesian Wealth Advisors Inc. lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,789 shares of the investment management company’s stock after selling 51 shares during the quarter. Etesian Wealth Advisors Inc.’s holdings in The Goldman Sachs Group were worth $747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of GS. Wealth Management Partners LLC increased its holdings in The Goldman Sachs Group by 4.3% in the 1st quarter. Wealth Management Partners LLC now owns 912 shares of the investment management company’s stock worth $381,000 after buying an additional 38 shares in the last quarter. Strategic Planning Group LLC increased its holdings in The Goldman Sachs Group by 11.5% in the 1st quarter. Strategic Planning Group LLC now owns 6,621 shares of the investment management company’s stock worth $2,766,000 after buying an additional 685 shares in the last quarter. Navalign LLC increased its holdings in The Goldman Sachs Group by 2.3% in the 1st quarter. Navalign LLC now owns 2,786 shares of the investment management company’s stock worth $1,164,000 after buying an additional 62 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in The Goldman Sachs Group by 4.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 2,389 shares of the investment management company’s stock worth $998,000 after buying an additional 96 shares in the last quarter. Finally, Lloyd Advisory Services LLC. increased its holdings in The Goldman Sachs Group by 464.2% in the 1st quarter. Lloyd Advisory Services LLC. now owns 3,560 shares of the investment management company’s stock worth $1,488,000 after buying an additional 2,929 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 0.4 %

The Goldman Sachs Group stock traded down $1.71 during mid-day trading on Wednesday, hitting $455.67. The company’s stock had a trading volume of 978,088 shares, compared to its average volume of 2,274,359. The company has a 50 day moving average of $446.99 and a 200-day moving average of $409.11. The stock has a market cap of $146.94 billion, a PE ratio of 17.83, a P/E/G ratio of 0.92 and a beta of 1.39. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $471.48.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The Goldman Sachs Group’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.79 EPS. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 36.63 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Insider Transactions at The Goldman Sachs Group

In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the sale, the insider now owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Royal Bank of Canada boosted their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 16th. Evercore ISI boosted their price target on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Oppenheimer boosted their price target on The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Finally, Citigroup boosted their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $440.57.

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.