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

Xponance Inc. decreased its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,907 shares of the investment management company's stock after selling 6,575 shares during the period. Xponance Inc.'s holdings in The Goldman Sachs Group were worth $17,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in GS. Fairfield Bush & CO. acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $66,000. Candriam Luxembourg S.C.A. grew its stake in The Goldman Sachs Group by 1,505.1% during the first quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company's stock worth $13,633,000 after purchasing an additional 38,727 shares during the period. Baird Financial Group Inc. grew its stake in The Goldman Sachs Group by 18.5% during the first quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company's stock worth $39,153,000 after purchasing an additional 18,540 shares during the period. Zions Bancorporation N.A. grew its stake in The Goldman Sachs Group by 79.4% during the first quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company's stock worth $273,000 after purchasing an additional 366 shares during the period. Finally, Covestor Ltd grew its stake in The Goldman Sachs Group by 118.3% during the first quarter. Covestor Ltd now owns 310 shares of the investment management company's stock worth $102,000 after purchasing an additional 168 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares of the company's stock, valued at approximately $7,190,901.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Kathryn H. Ruemmler sold 7,277 shares of the firm's stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total value of $2,763,877.37. Following the transaction, the insider now directly owns 6,501 shares of the company's stock, valued at approximately $2,469,144.81. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now owns 18,408 shares of the company's stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,907 shares of company stock valued at $13,950,851. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Down 0.2 %

Shares of GS stock traded down $0.80 during midday trading on Thursday, reaching $403.11. 2,759,518 shares of the stock were exchanged, compared to its average volume of 2,370,077. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $419.20. The company's 50 day moving average is $396.03 and its two-hundred day moving average is $365.61. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The firm has a market cap of $130.82 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm's quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.79 EPS. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 32.76 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a $2.75 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.73%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 42.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Daiwa Capital Markets raised The Goldman Sachs Group from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. HSBC raised their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a "buy" rating in a research note on Tuesday. Oppenheimer raised their target price on The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an "outperform" rating in a research note on Tuesday. Evercore ISI increased their price target on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, JMP Securities increased their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a "market outperform" rating in a report on Tuesday, April 9th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $434.93.

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.