The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Lowered by Castleview Partners LLC

Castleview Partners LLC reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473 shares of the investment management company’s stock after selling 22 shares during the quarter. Castleview Partners LLC’s holdings in The Goldman Sachs Group were worth $258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Deutsche Bank AG raised its holdings in shares of The Goldman Sachs Group by 15.4% in the 4th quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company’s stock worth $594,412,000 after purchasing an additional 138,198 shares in the last quarter. Baxter Bros Inc. raised its holdings in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company’s stock worth $8,879,000 after purchasing an additional 151 shares in the last quarter. Erste Asset Management GmbH raised its holdings in shares of The Goldman Sachs Group by 5.9% in the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock worth $3,309,000 after purchasing an additional 320 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of The Goldman Sachs Group by 65.7% during the fourth quarter. Fidelis Capital Partners LLC now owns 7,418 shares of the investment management company’s stock valued at $4,691,000 after acquiring an additional 2,942 shares during the period. Finally, Berkshire Asset Management LLC PA raised its holdings in shares of The Goldman Sachs Group by 7.2% during the fourth quarter. Berkshire Asset Management LLC PA now owns 1,164 shares of the investment management company’s stock valued at $667,000 after acquiring an additional 78 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

GS stock opened at $640.30 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $196.47 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 0.87 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. The firm has a 50 day moving average of $581.78 and a two-hundred day moving average of $584.39.

The Goldman Sachs Group (NYSE:GS) last posted its 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 company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period in the previous year, the firm posted $11.58 earnings per share. As a group, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio is 27.85%.

Insiders Place Their Bets

In other news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares of the company’s stock, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the company an “equal weight” rating in a report on Monday, April 7th. Evercore ISI cut their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Daiwa America lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average target price 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.