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

Cwm LLC cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,647 shares of the investment management company’s stock after selling 962 shares during the period. Cwm LLC’s holdings in The Goldman Sachs Group were worth $7,579,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Impact Partnership Wealth LLC boosted its position in The Goldman Sachs Group by 65.4% in the third quarter. Impact Partnership Wealth LLC now owns 316 shares of the investment management company’s stock worth $102,000 after purchasing an additional 125 shares during the last quarter. Atwater Malick LLC boosted its position in The Goldman Sachs Group by 0.6% in the third quarter. Atwater Malick LLC now owns 24,713 shares of the investment management company’s stock worth $7,996,000 after purchasing an additional 139 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its position in The Goldman Sachs Group by 209.8% in the third quarter. Newbridge Financial Services Group Inc. now owns 536 shares of the investment management company’s stock worth $174,000 after purchasing an additional 363 shares during the last quarter. B.O.S.S. Retirement Advisors LLC boosted its position in The Goldman Sachs Group by 8.2% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 6,829 shares of the investment management company’s stock worth $2,210,000 after purchasing an additional 520 shares during the last quarter. Finally, Nikulski Financial Inc. boosted its position in The Goldman Sachs Group by 1.3% in the third quarter. Nikulski Financial Inc. now owns 3,833 shares of the investment management company’s stock worth $1,240,000 after purchasing an additional 49 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GS has been the topic of several research reports. JMP Securities raised their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. BMO Capital Markets raised their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective on the stock in a research report on Tuesday, April 16th. Barclays lifted their price objective on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, HSBC lifted their price objective on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $434.93.

The Goldman Sachs Group Stock Up 3.3 %

Shares of GS opened at $417.44 on Tuesday. The business’s 50 day moving average is $396.92 and its 200 day moving average is $367.80. The company has a market capitalization of $135.47 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.30 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $419.20. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company earned $8.79 EPS. Research analysts expect that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.64%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group 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 completion of the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

About The Goldman Sachs Group

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.