First National Trust Co Sells 948 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

First National Trust Co trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 17.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,348 shares of the investment management company’s stock after selling 948 shares during the period. First National Trust Co’s holdings in The Goldman Sachs Group were worth $1,677,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. AJOVista LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $189,000. Provence Wealth Management Group grew its stake in The Goldman Sachs Group by 7.8% during the fourth quarter. Provence Wealth Management Group now owns 719 shares of the investment management company’s stock valued at $277,000 after acquiring an additional 52 shares in the last quarter. Legacy Financial Advisors Inc. increased its holdings in The Goldman Sachs Group by 11.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,298 shares of the investment management company’s stock valued at $501,000 after acquiring an additional 137 shares during the last quarter. Sapient Capital LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth $268,000. Finally, Axxcess Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group by 16.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 9,571 shares of the investment management company’s stock valued at $3,692,000 after purchasing an additional 1,354 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Edward Jones initiated coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They set a “buy” rating on the stock. JPMorgan Chase & Co. upped their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Citigroup lifted their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. HSBC increased their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $437.04.

The Goldman Sachs Group Stock Up 1.3 %

NYSE GS traded up $5.61 on Friday, reaching $438.18. 2,406,445 shares of the stock traded hands, compared to its average volume of 2,599,859. The company has a market cap of $142.20 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.36 and a beta of 1.40. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $442.30. The company has a fifty day moving average price of $404.59 and a 200-day moving average price of $374.23.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter last year, the firm posted $8.79 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 36.07 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 Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.51%. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Insider Activity

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,330 shares of company stock worth $11,713,578. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Company 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.