The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Arcus Capital Partners LLC

Arcus Capital Partners LLC decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,546 shares of the investment management company's stock after selling 588 shares during the period. The Goldman Sachs Group comprises approximately 1.0% of Arcus Capital Partners LLC's portfolio, making the stock its 18th largest position. Arcus Capital Partners LLC's holdings in The Goldman Sachs Group were worth $2,484,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Deutsche Bank AG lifted its position in shares of The Goldman Sachs Group by 15.4% during the 4th quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after purchasing an additional 138,198 shares during the last quarter. Baxter Bros Inc. lifted its position in shares of The Goldman Sachs Group by 1.0% during the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after purchasing an additional 151 shares during the last quarter. Erste Asset Management GmbH lifted its position in shares of The Goldman Sachs Group by 5.9% during the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after purchasing an additional 320 shares during the last quarter. Clear Creek Financial Management LLC purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter worth $321,000. Finally, Terra Nova Asset Management LLC purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter worth $1,643,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

GS traded down $5.01 on Friday, hitting $704.11. 1,681,679 shares of the company traded hands, compared to its average volume of 2,388,916. The company has a 50 day moving average of $632.13 and a 200-day moving average of $596.59. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $216.05 billion, a PE ratio of 16.34, a PEG ratio of 0.96 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same period in the prior year, the business earned $11.58 EPS. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.70%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Insider Buying and Selling

In related news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director directly owned 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GS has been the subject of several recent analyst reports. Hsbc Global Res cut shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. reduced their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Wall Street Zen upgraded The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Morgan Stanley reissued an "equal weight" rating on shares of The Goldman Sachs Group in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $614.00.

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.