Crystal Rock Capital Management Cuts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Crystal Rock Capital Management trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 7.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,170 shares of the investment management company's stock after selling 825 shares during the quarter. The Goldman Sachs Group accounts for approximately 3.8% of Crystal Rock Capital Management's holdings, making the stock its 11th biggest holding. Crystal Rock Capital Management's holdings in The Goldman Sachs Group were worth $5,556,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in The Goldman Sachs Group by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock valued at $3,761,576,000 after purchasing an additional 161,500 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after buying an additional 3,970,467 shares during the last quarter. FMR LLC raised its holdings in shares of The Goldman Sachs Group by 23.7% in the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock worth $2,053,614,000 after buying an additional 687,711 shares during the period. Northern Trust Corp lifted its stake in shares of The Goldman Sachs Group by 15.0% during the 4th quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock worth $1,885,454,000 after acquiring an additional 428,502 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in The Goldman Sachs Group during the 1st quarter valued at $1,766,238,000. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

NYSE GS traded down $7.48 during trading hours on Tuesday, reaching $698.52. The company's stock had a trading volume of 474,580 shares, compared to its average volume of 2,357,807. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.12 and a quick ratio of 0.68. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00. The company's 50-day moving average is $647.01 and its two-hundred day moving average is $601.27. The firm has a market capitalization of $214.33 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 0.94 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The firm had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the prior year, the firm earned $8.62 EPS. The company's revenue for the quarter was up 14.5% on a year-over-year basis. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be given a $4.00 dividend. The ex-dividend date is Friday, August 29th. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.29%. The Goldman Sachs Group's dividend payout ratio is 26.44%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. JMP Securities reissued a "market perform" rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Hsbc Global Res lowered The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Citigroup raised their target price on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a research report on Monday. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a research report on Friday, April 4th. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of "Hold" and an average price target of $660.00.

The Goldman Sachs Group Company 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.

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