Cvfg LLC Has $216,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Cvfg LLC reduced its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 52.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 395 shares of the investment management company's stock after selling 440 shares during the period. Cvfg LLC's holdings in The Goldman Sachs Group were worth $216,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Tyche Wealth Partners LLC grew its holdings in The Goldman Sachs Group by 1.7% during the 1st quarter. Tyche Wealth Partners LLC now owns 3,843 shares of the investment management company's stock worth $2,099,000 after acquiring an additional 64 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at about $1,862,000. Financial Life Planners grew its stake in shares of The Goldman Sachs Group by 1,608.3% in the 1st quarter. Financial Life Planners now owns 410 shares of the investment management company's stock valued at $224,000 after buying an additional 386 shares during the period. Golden State Wealth Management LLC grew its stake in shares of The Goldman Sachs Group by 212.7% in the 1st quarter. Golden State Wealth Management LLC now owns 988 shares of the investment management company's stock valued at $540,000 after buying an additional 672 shares during the period. Finally, Aurora Private Wealth Inc. acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at about $9,603,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $661.73 on Wednesday. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19. The company's 50 day moving average price is $587.73 and its two-hundred day moving average price is $585.16. 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 cap of $203.05 billion, a P/E ratio of 15.36, a P/E/G ratio of 0.88 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The firm had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter last year, the firm earned $11.58 EPS. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.81%. The Goldman Sachs Group's payout ratio is 27.85%.

Analysts Set New Price Targets

Several analysts have recently commented on GS shares. Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research note on Friday, April 4th. JPMorgan Chase & Co. reduced their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Wall Street Zen downgraded The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Morgan Stanley raised their target price on The Goldman Sachs Group from $570.00 to $592.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Citigroup cut their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $595.67.

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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