Interchange Capital Partners LLC Cuts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Interchange Capital Partners LLC cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 496 shares of the investment management company’s stock after selling 30 shares during the period. Interchange Capital Partners LLC’s holdings in The Goldman Sachs Group were worth $271,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Deutsche Bank AG raised its stake in shares of The Goldman Sachs Group by 15.4% during 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 during the period. Baxter Bros Inc. increased its holdings in The Goldman Sachs Group by 1.0% during the fourth quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company’s stock worth $8,879,000 after buying an additional 151 shares during the last quarter. Erste Asset Management GmbH raised its position in The Goldman Sachs Group by 5.9% in the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock worth $3,309,000 after acquiring an additional 320 shares during the period. Clear Creek Financial Management LLC purchased a new position in The Goldman Sachs Group in the first quarter valued at about $321,000. Finally, Terra Nova Asset Management LLC bought a new position in shares of The Goldman Sachs Group during the 1st quarter valued at approximately $1,643,000. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director owned 3,904 shares of the company’s stock, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GS has been the topic of several research analyst reports. Citigroup dropped their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Royal Bank Of Canada dropped their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Morgan Stanley boosted their price objective on The Goldman Sachs Group from $570.00 to $592.00 and gave the company an “equal weight” rating in a research note on Monday, June 23rd. Finally, Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price for the company. in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $603.73.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $710.58 on Tuesday. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $218.03 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35. The firm’s 50 day simple moving average is $620.36 and its 200 day simple moving average is $593.17.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The firm had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. During the same quarter in the prior year, the firm posted $11.58 earnings per share. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a $3.00 dividend. The ex-dividend date was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.69%. The Goldman Sachs Group’s dividend payout ratio is currently 27.85%.

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.