CX Institutional Sells 598 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

CX Institutional trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,985 shares of the investment management company's stock after selling 598 shares during the quarter. CX Institutional's holdings in The Goldman Sachs Group were worth $2,177,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Pointe Capital Management LLC lifted its stake in The Goldman Sachs Group by 1.0% during the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock worth $951,000 after purchasing an additional 16 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its position in The Goldman Sachs Group by 2.1% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 831 shares of the investment management company's stock valued at $476,000 after purchasing an additional 17 shares during the period. Morris Financial Concepts Inc. grew its stake in The Goldman Sachs Group by 3.5% during the 4th quarter. Morris Financial Concepts Inc. now owns 536 shares of the investment management company's stock worth $307,000 after buying an additional 18 shares during the last quarter. Delta Financial Advisors LLC increased its stake in shares of The Goldman Sachs Group by 0.3% in the fourth quarter. Delta Financial Advisors LLC now owns 6,861 shares of the investment management company's stock valued at $3,929,000 after purchasing an additional 18 shares during the period. Finally, Prestige Wealth Management Group LLC raised its stake in shares of The Goldman Sachs Group by 1.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company's stock valued at $950,000 after purchasing an additional 18 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Down 2.0%

Shares of The Goldman Sachs Group stock traded down $12.77 during trading on Friday, hitting $612.34. 1,049,673 shares of the stock traded hands, compared to its average volume of 2,365,648. The stock has a market cap of $187.89 billion, a P/E ratio of 15.11, a PEG ratio of 0.89 and a beta of 1.32. The company has a fifty day moving average price of $565.10 and a two-hundred day moving average price of $583.47. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month 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 for the quarter, topping the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter in the previous year, the firm earned $11.58 EPS. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 yield of 1.96%. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Analyst Ratings Changes

A number of analysts have recently commented on GS shares. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Evercore ISI dropped their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Citigroup reduced their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Finally, Royal Bank of Canada dropped their price target on 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. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $593.40.

Insiders Place Their Bets

In related news, Director John B. Hess bought 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares of the company's stock, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.55% of the company's stock.

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.