The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Trimmed by Axa S.A.

AXA S.A. reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,730 shares of the investment management company's stock after selling 6,871 shares during the period. AXA S.A.'s holdings in The Goldman Sachs Group were worth $26,186,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Stephens Consulting LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $29,000. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $30,000. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

NYSE:GS traded up $14.28 during midday trading on Thursday, reaching $566.20. 1,993,514 shares of the company traded hands, compared to its average volume of 2,375,818. The firm has a market capitalization of $176.68 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The company has a fifty day moving average price of $536.95 and a 200 day moving average price of $575.31. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS 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 analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter in the prior year, the firm earned $11.58 earnings per share. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.12%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GS shares. Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a report on Friday, April 4th. Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Evercore ISI lowered their price objective 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. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $593.40.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess bought 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased 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 approximately $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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.