The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 92.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 357 shares of the investment management company's stock after selling 4,298 shares during the quarter. XTX Topco Ltd's holdings in The Goldman Sachs Group were worth $204,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Morse Asset Management Inc purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter worth $911,000. SkyView Investment Advisors LLC raised its stake in The Goldman Sachs Group by 8.8% during the third quarter. SkyView Investment Advisors LLC now owns 3,553 shares of the investment management company's stock worth $1,759,000 after purchasing an additional 286 shares during the period. Chelsea Counsel Co. boosted its holdings in The Goldman Sachs Group by 400.0% in the 3rd quarter. Chelsea Counsel Co. now owns 375 shares of the investment management company's stock valued at $186,000 after purchasing an additional 300 shares during the last quarter. Tudor Financial Inc. acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at about $228,000. Finally, Anchor Investment Management LLC grew its stake in shares of The Goldman Sachs Group by 29.1% in the 3rd quarter. Anchor Investment Management LLC now owns 4,230 shares of the investment management company's stock valued at $2,094,000 after buying an additional 953 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Down 0.2 %

The Goldman Sachs Group stock traded down $1.06 during mid-day trading on Wednesday, hitting $547.86. The company had a trading volume of 2,435,684 shares, compared to its average volume of 2,366,732. The stock has a market cap of $170.95 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 0.89 and a beta of 1.33. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 1 year low of $425.19 and a 1 year high of $672.19. The business has a fifty day moving average of $544.64 and a 200 day moving average of $574.46.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the firm posted $11.58 earnings per share. On average, sell-side analysts expect 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Insider Buying and Selling

In related news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The stock was bought 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 in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup decreased their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Royal Bank of Canada lowered their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a report on Tuesday, April 15th. UBS Group upped their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. JMP Securities lowered their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Hold" and an average price target of $593.40.

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.