Tobam Cuts Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Tobam decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 73.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 188 shares of the investment management company's stock after selling 511 shares during the period. Tobam's holdings in The Goldman Sachs Group were worth $103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth $29,000. Curio Wealth LLC bought a new position in The Goldman Sachs Group in the fourth quarter worth about $30,000. Godsey & Gibb Inc. raised its holdings in 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 worth $30,000 after purchasing an additional 34 shares in the last quarter. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $31,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $31,000. Institutional investors own 71.21% of the company's stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the stock in a transaction on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GS shares. Evercore ISI decreased their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. JMP Securities reduced their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target 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. Finally, Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. One 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded down $3.55 during trading on Tuesday, reaching $624.30. 1,477,092 shares of the company traded hands, compared to its average volume of 2,371,052. The stock has a market cap of $191.56 billion, a P/E ratio of 14.49, a PEG ratio of 0.85 and a beta of 1.32. The firm's fifty day simple moving average is $573.58 and its 200 day simple moving average is $583.63. 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 Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $14.99 billion. During the same period last year, the business earned $11.58 earnings per share. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced 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. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 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.