Cornerstone Wealth Group LLC Has $4.49 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Cornerstone Wealth Group LLC decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 9.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,216 shares of the investment management company's stock after selling 897 shares during the period. Cornerstone Wealth Group LLC's holdings in The Goldman Sachs Group were worth $4,488,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $30,000. Mascagni Wealth Management Inc. bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $31,000. Transce3nd LLC acquired a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $31,000. Godsey & Gibb Inc. raised its position in shares of The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in The Goldman Sachs Group in the 4th quarter worth $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on GS shares. JPMorgan Chase & Co. cut their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Royal Bank Of Canada cut their price target on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $595.67.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Up 0.5%

Shares of NYSE GS opened at $690.75 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $211.95 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 0.94 and a beta of 1.32. The firm's 50-day moving average is $598.32 and its 200-day moving average is $587.13. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $694.20.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the business posted $11.58 EPS. 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 announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.74%. The Goldman Sachs Group's payout ratio is currently 27.85%.

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.