United Capital Financial Advisors LLC Has $4 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

United Capital Financial Advisors LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 29.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,988 shares of the investment management company's stock after selling 2,918 shares during the quarter. United Capital Financial Advisors LLC's holdings in The Goldman Sachs Group were worth $4,001,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $26,000. Asset Planning Inc acquired a new stake in The Goldman Sachs Group during the 4th quarter valued at $29,000. Curio Wealth LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $30,000. Whipplewood Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays cut their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday, April 7th. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their target price for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Evercore ISI dropped their price target on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Finally, Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $593.40.

The Goldman Sachs Group Trading Down 1.9 %

Shares of GS stock traded down $9.80 on Monday, reaching $499.70. 512,803 shares of the stock were exchanged, compared to its average volume of 2,367,786. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $404.57 and a one year high of $672.19. The stock has a market cap of $155.92 billion, a PE ratio of 12.32, a P/E/G ratio of 0.89 and a beta of 1.33. The stock has a 50 day moving average price of $561.96 and a 200 day moving average price of $573.40.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the company posted $11.58 EPS. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 2.40%. The Goldman Sachs Group's payout ratio is currently 27.85%.

Insider Buying and Selling

In other news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares in the company, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.55% of the stock is owned by company insiders.

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.