The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Saxon Interests Inc.

Saxon Interests Inc. lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 22.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,881 shares of the investment management company's stock after selling 549 shares during the period. Saxon Interests Inc.'s holdings in The Goldman Sachs Group were worth $1,028,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. DSG Capital Advisors LLC raised its position in The Goldman Sachs Group by 0.5% in the first quarter. DSG Capital Advisors LLC now owns 22,189 shares of the investment management company's stock valued at $12,122,000 after purchasing an additional 103 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of The Goldman Sachs Group by 14.4% in the first quarter. Koshinski Asset Management Inc. now owns 1,260 shares of the investment management company's stock worth $688,000 after buying an additional 159 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of The Goldman Sachs Group by 11,988.9% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 3,264 shares of the investment management company's stock valued at $1,783,000 after buying an additional 3,237 shares in the last quarter. Red Door Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 7.0% during the 1st quarter. Red Door Wealth Management LLC now owns 918 shares of the investment management company's stock valued at $501,000 after buying an additional 60 shares during the period. Finally, Pacific Wealth Strategies Group Inc. raised its holdings in shares of The Goldman Sachs Group by 1.8% during the 1st quarter. Pacific Wealth Strategies Group Inc. now owns 2,032 shares of the investment management company's stock valued at $1,110,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Activity

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, with a total value of $1,997,598.72. Following the acquisition, the director directly owned 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

GS has been the subject of several recent research reports. Barclays lowered their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. 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 note on Monday, March 24th. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Evercore ISI lowered their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. 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. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and a consensus price target of $595.67.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded down $1.52 during midday trading on Tuesday, hitting $706.23. The company's stock had a trading volume of 3,299,600 shares, compared to its average volume of 2,385,990. The firm has a market cap of $216.70 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.94 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $714.30. The firm's fifty day moving average price is $602.45 and its 200-day moving average price is $587.92. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68.

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, beating the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same period in the prior year, the company earned $11.58 earnings per share. On average, sell-side analysts forecast 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 was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

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.