Continental Advisors LLC Reduces Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Continental Advisors LLC cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,293 shares of the investment management company's stock after selling 500 shares during the period. The Goldman Sachs Group comprises approximately 0.9% of Continental Advisors LLC's investment portfolio, making the stock its 27th biggest holding. Continental Advisors LLC's holdings in The Goldman Sachs Group were worth $1,886,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Stephens Consulting LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group in the 4th quarter valued at $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth $30,000. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the 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 transaction, the director now owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Trading Down 0.1 %

The Goldman Sachs Group stock traded down $0.42 during midday trading on Friday, reaching $544.95. 1,611,879 shares of the stock traded hands, compared to its average volume of 2,371,344. The firm has a market cap of $170.05 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a 50-day simple moving average of $551.48 and a two-hundred day simple moving average of $573.13. The Goldman Sachs Group, Inc. has a 12-month low of $414.85 and a 12-month high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data 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 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 analyst estimates of $14.99 billion. During the same quarter last year, the firm posted $11.58 earnings per share. Research 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 firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 2.20%. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Analyst Ratings Changes

Several analysts have issued reports on GS shares. Evercore ISI dropped their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a research note on Monday, April 7th. Finally, Barclays reduced their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $593.40.

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.