City National Bank of Florida MSD Takes $266,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

City National Bank of Florida MSD bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 464 shares of the investment management company's stock, valued at approximately $266,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JT Stratford LLC grew its stake in The Goldman Sachs Group by 4.2% in the fourth quarter. JT Stratford LLC now owns 2,090 shares of the investment management company's stock valued at $1,197,000 after purchasing an additional 85 shares in the last quarter. Cornerstone Advisory LLC boosted its holdings in shares of The Goldman Sachs Group by 14.0% in the 4th quarter. Cornerstone Advisory LLC now owns 674 shares of the investment management company's stock valued at $386,000 after buying an additional 83 shares during the last quarter. RB Capital Management LLC grew its stake in shares of The Goldman Sachs Group by 3.7% in the fourth quarter. RB Capital Management LLC now owns 4,059 shares of the investment management company's stock valued at $2,324,000 after buying an additional 146 shares in the last quarter. Harmony Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 6.0% in the fourth quarter. Harmony Asset Management LLC now owns 2,394 shares of the investment management company's stock valued at $1,371,000 after buying an additional 136 shares in the last quarter. Finally, 49 Wealth Management LLC increased its holdings in The Goldman Sachs Group by 6.3% during the fourth quarter. 49 Wealth Management LLC now owns 1,086 shares of the investment management company's stock worth $622,000 after buying an additional 64 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Down 2.1%

GS opened at $593.56 on Thursday. The stock has a fifty day moving average of $545.30 and a 200-day moving average of $580.74. The company has a market capitalization of $182.13 billion, a P/E ratio of 14.64, a P/E/G ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the previous year, the firm posted $11.58 EPS. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Insider Buying and Selling

In related news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GS shares. Evercore ISI decreased their price objective on shares of 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. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Citigroup cut their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Finally, JMP Securities reduced their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $593.40.

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.

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