CX Institutional Sells 52 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

CX Institutional lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,583 shares of the investment management company’s stock after selling 52 shares during the period. CX Institutional’s holdings in The Goldman Sachs Group were worth $2,625,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GS. West Branch Capital LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth $30,000. DT Investment Partners LLC lifted its position in The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after acquiring an additional 33 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the third quarter valued at about $34,000. Country Trust Bank bought a new position in shares of The Goldman Sachs Group in the third quarter worth about $37,000. Finally, Hershey Financial Advisers LLC bought a new position in shares of The Goldman Sachs Group in the second quarter worth about $38,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on GS. Barclays raised their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. UBS Group raised their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $591.06.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This represents a 25.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the company’s 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 transaction, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,017 shares of company stock valued at $19,655,538. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $636.80 on Friday. The business has a 50 day simple moving average of $590.34 and a 200 day simple moving average of $534.48. 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 company has a market capitalization of $199.90 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. The Goldman Sachs Group, Inc. has a one year low of $374.24 and a one year high of $645.54.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period last year, the business earned $5.48 earnings per share. The business’s revenue was up 22.5% on a year-over-year basis. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.88%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

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.