Xponance Inc. Reduces Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Xponance Inc. trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 12.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 44,907 shares of the investment management company’s stock after selling 6,575 shares during the quarter. Xponance Inc.’s holdings in The Goldman Sachs Group were worth $17,324,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in The Goldman Sachs Group by 13.7% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock worth $64,291,000 after buying an additional 20,018 shares in the last quarter. Trueblood Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $989,000. TBH Global Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 2.0% during the 3rd quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock valued at $1,190,000 after purchasing an additional 72 shares during the period. Congress Wealth Management LLC DE grew its stake in shares of The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after purchasing an additional 650,918 shares during the period. Finally, Syon Capital LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at about $1,395,000. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI lifted their price objective on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research report on Tuesday. Citigroup lifted their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday. Bank of America boosted their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, JMP Securities boosted 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $434.93.

The Goldman Sachs Group Stock Down 0.2 %

Shares of GS stock traded down $0.80 during mid-day trading on Thursday, hitting $403.11. The stock had a trading volume of 2,759,905 shares, compared to its average volume of 2,369,857. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $419.20. The firm has a market capitalization of $130.82 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. The firm’s 50-day moving average is $395.67 and its two-hundred day moving average is $365.35. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the prior year, the business posted $8.79 EPS. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. On average, analysts predict that The Goldman Sachs Group, Inc. will post 32.76 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 Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.73%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Insider Activity

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,300 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the transaction, the chief accounting officer now owns 11,463 shares in the company, valued at approximately $4,357,659.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold a total of 35,907 shares of company stock worth $13,950,851 over the last quarter. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group 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.