Axecap Investments LLC Decreases Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Axecap Investments LLC cut its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 41.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,683 shares of the investment management company's stock after selling 2,614 shares during the quarter. The Goldman Sachs Group accounts for about 1.7% of Axecap Investments LLC's portfolio, making the stock its 25th largest holding. Axecap Investments LLC's holdings in The Goldman Sachs Group were worth $2,012,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $29,000. Curio Wealth LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $30,000. Godsey & Gibb Inc. increased its holdings in shares of The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after buying an additional 34 shares in the last quarter. Transce3nd LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $31,000. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 0.2%

Shares of GS traded up $1.02 during trading hours on Thursday, hitting $625.19. The stock had a trading volume of 1,632,468 shares, compared to its average volume of 2,370,710. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19. The firm has a market capitalization of $191.83 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The firm has a 50 day simple moving average of $561.88 and a 200-day simple moving average of $583.31. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter last year, the firm posted $11.58 earnings per share. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Analyst Ratings Changes

A number of research analysts recently issued reports on GS shares. Wells Fargo & Company dropped their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Royal Bank of Canada cut their price target on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Evercore ISI lowered their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. JMP Securities dropped their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Hold" and an average target price of $593.40.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group 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.