DCM Advisors LLC Has $7.64 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

DCM Advisors LLC reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,280 shares of the investment management company’s stock after selling 1,031 shares during the period. The Goldman Sachs Group makes up approximately 3.1% of DCM Advisors LLC’s investment portfolio, making the stock its 13th biggest position. DCM Advisors LLC’s holdings in The Goldman Sachs Group were worth $7,635,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC increased its holdings in The Goldman Sachs Group by 2.9% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,462 shares of the investment management company’s stock valued at $564,000 after purchasing an additional 41 shares during the period. Woodmont Investment Counsel LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $248,000. Realta Investment Advisors raised its position in shares of The Goldman Sachs Group by 15.5% in the 4th quarter. Realta Investment Advisors now owns 730 shares of the investment management company’s stock worth $282,000 after acquiring an additional 98 shares in the last quarter. Mayflower Financial Advisors LLC raised its position in shares of The Goldman Sachs Group by 1.4% in the 4th quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock worth $760,000 after acquiring an additional 28 shares in the last quarter. Finally, Covenant Asset Management LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $207,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded up $3.55 during midday trading on Wednesday, reaching $509.22. The company’s stock had a trading volume of 2,658,387 shares, compared to its average volume of 2,313,413. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $517.26. The firm has a 50 day moving average price of $468.28 and a 200-day moving average price of $427.28. The stock has a market capitalization of $164.20 billion, a P/E ratio of 19.88, a PEG ratio of 1.00 and a beta of 1.37. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.12 and a quick ratio of 0.74.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, August 30th. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s payout ratio is presently 42.95%.

Insider Transactions at The Goldman Sachs Group

In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the transaction, the insider now 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 through this link. In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the transaction, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the transaction, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The disclosure for this sale can be found here. Insiders have sold 4,013,500 shares of company stock worth $32,181,365 in the last 90 days. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GS shares. Bank of America lifted their price objective on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Seaport Res Ptn lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Wells Fargo & Company boosted their target price on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $461.00 to $464.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Finally, Morgan Stanley boosted their target price on The Goldman Sachs Group from $513.00 to $561.00 and gave the company an “overweight” rating in a research report on Tuesday. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $487.41.

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.