The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Cacti Asset Management LLC

Cacti Asset Management LLC reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,581 shares of the investment management company's stock after selling 525 shares during the period. The Goldman Sachs Group makes up about 8.0% of Cacti Asset Management LLC's investment portfolio, making the stock its 4th largest position. Cacti Asset Management LLC owned about 0.06% of The Goldman Sachs Group worth $100,250,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Stephens Consulting LLC bought a new position in The Goldman Sachs Group in the 4th quarter worth approximately $26,000. Asset Planning Inc acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Curio Wealth LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth about $30,000. Transce3nd LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $31,000. Finally, Mascagni Wealth Management Inc. bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. 71.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GS. Citigroup dropped their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Daiwa Capital Markets lowered The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a research note on Friday, April 4th. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday, April 7th. Barclays decreased their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $593.40.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the stock in a transaction on Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director now directly owns 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

NYSE GS traded down $5.00 on Friday, hitting $599.86. 2,129,454 shares of the company traded hands, compared to its average volume of 2,379,070. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The company has a market capitalization of $184.06 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 0.89 and a beta of 1.32. The business's 50 day moving average price is $550.69 and its 200-day moving average price is $582.29. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period in the previous year, the firm posted $11.58 EPS. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is currently 27.85%.

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.