1834 Investment Advisors Co. Has $214,000 Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

1834 Investment Advisors Co. decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 77.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 512 shares of the investment management company's stock after selling 1,739 shares during the quarter. 1834 Investment Advisors Co.'s holdings in The Goldman Sachs Group were worth $214,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Powell Investment Advisors LLC boosted its holdings in The Goldman Sachs Group by 0.7% in the first quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company's stock worth $1,603,000 after purchasing an additional 25 shares in the last quarter. Dumont & Blake Investment Advisors LLC boosted its holdings in The Goldman Sachs Group by 1.1% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company's stock worth $944,000 after purchasing an additional 25 shares in the last quarter. Optas LLC boosted its holdings in The Goldman Sachs Group by 2.4% in the first quarter. Optas LLC now owns 1,072 shares of the investment management company's stock worth $448,000 after purchasing an additional 25 shares in the last quarter. Regatta Capital Group LLC boosted its holdings in The Goldman Sachs Group by 2.2% in the first quarter. Regatta Capital Group LLC now owns 1,166 shares of the investment management company's stock worth $487,000 after purchasing an additional 25 shares in the last quarter. Finally, WNY Asset Management LLC boosted its holdings in The Goldman Sachs Group by 1.6% in the fourth quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company's stock worth $628,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GS shares. HSBC upped their price objective on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Evercore ISI upped their price target on shares of The Goldman Sachs Group from $440.00 to $475.00 and gave the company an "outperform" rating in a report on Wednesday. Seaport Res Ptn cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 2nd. Bank of America upped their price target on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. Finally, Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a "neutral" rating to an "outperform" rating and upped their price target for the company from $410.00 to $430.00 in a report on Thursday, March 14th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $445.62.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 623,425 shares of the company's stock, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 623,425 shares of the company's stock, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. Insiders own 0.57% of the company's stock.

The Goldman Sachs Group Trading Down 0.7 %

GS traded down $3.17 during trading on Friday, reaching $464.75. 1,594,040 shares of the company's stock were exchanged, compared to its average volume of 1,825,111. The company's fifty day moving average price is $454.22 and its 200-day moving average price is $414.15. 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 fifty-two week low of $289.36 and a fifty-two week high of $471.48. The firm has a market capitalization of $149.86 billion, a PE ratio of 18.15, a P/E/G ratio of 0.94 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The firm's revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.79 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 36.63 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were given a dividend of $2.75 per share. The ex-dividend date was Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.37%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 42.95%.

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.