Audent Global Asset Management LLC Sells 6,024 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Posted by Defense World Staff on Jun 14th, 2023

Audent Global Asset Management LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) by 75.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,970 shares of the investment management company’s stock after selling 6,024 shares during the quarter. The Goldman Sachs Group accounts for 1.2% of Audent Global Asset Management LLC’s investment portfolio, making the stock its 20th largest holding. Audent Global Asset Management LLC’s holdings in The Goldman Sachs Group were worth $676,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Auto Owners Insurance Co purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at $790,000. Azimuth Capital Investment Management LLC increased its position in shares of The Goldman Sachs Group by 7.2% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 1,488 shares of the investment management company’s stock valued at $511,000 after purchasing an additional 100 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its stake in shares of The Goldman Sachs Group by 4.6% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 8,449 shares of the investment management company’s stock worth $2,901,000 after acquiring an additional 373 shares during the period. Zullo Investment Group Inc. grew its stake in shares of The Goldman Sachs Group by 2.5% during the 4th quarter. Zullo Investment Group Inc. now owns 1,863 shares of the investment management company’s stock worth $640,000 after acquiring an additional 45 shares during the period. Finally, Bluefin Capital Management LLC grew its stake in shares of The Goldman Sachs Group by 51.1% during the 4th quarter. Bluefin Capital Management LLC now owns 3,310 shares of the investment management company’s stock worth $1,137,000 after acquiring an additional 1,120 shares during the period. 69.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In other news, major shareholder Goldman Sachs Group Inc sold 101,526 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of $6.43, for a total value of $652,812.18. Following the completion of the transaction, the insider now owns 16,980,553 shares in the company, valued at approximately $109,184,955.79. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $337.66, for a total transaction of $1,012,980.00. Following the completion of the sale, the insider now directly owns 15,052 shares of the company’s stock, valued at approximately $5,082,458.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 101,526 shares of the business’s stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $6.43, for a total value of $652,812.18. Following the completion of the transaction, the insider now directly owns 16,980,553 shares of the company’s stock, valued at $109,184,955.79. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,935,026 shares of company stock worth $541,703,318. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Up 0.9 %

NYSE GS opened at $342.50 on Wednesday. The stock’s 50-day moving average price is $329.93 and its 200-day moving average price is $343.49. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.25. The Goldman Sachs Group, Inc. has a 52 week low of $277.84 and a 52 week high of $389.58. The company has a market capitalization of $113.86 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 0.90 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS – Get Rating) last released its earnings results on Tuesday, April 18th. The investment management company reported $8.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.14 by $0.65. The Goldman Sachs Group had a return on equity of 9.84% and a net margin of 13.23%. The firm had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $12.66 billion. During the same quarter last year, the business posted $10.76 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 31.57 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Thursday, June 1st will be issued a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 2.92%. The ex-dividend date is Wednesday, May 31st. The Goldman Sachs Group’s dividend payout ratio is presently 35.60%.

Analyst Ratings Changes

GS has been the subject of several research reports. Evercore ISI increased their price target on The Goldman Sachs Group from $360.00 to $370.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 19th. JMP Securities lifted their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Wednesday, April 19th. Royal Bank of Canada lifted their price target on The Goldman Sachs Group from $339.00 to $375.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 19th. Wells Fargo & Company dropped their price target on The Goldman Sachs Group from $420.00 to $390.00 and set an “overweight” rating for the company in a research report on Monday, April 3rd. Finally, Barclays decreased their price objective on The Goldman Sachs Group from $495.00 to $437.00 and set an “overweight” rating on the stock in a report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $389.17.

The Goldman Sachs Group Company Profile

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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 resale agreements.