Oxinas Partners Wealth Management LLC Sells 34 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Oxinas Partners Wealth Management LLC trimmed its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 675 shares of the investment management company’s stock after selling 34 shares during the period. Oxinas Partners Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $282,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Dixon Mitchell Investment Counsel Inc. purchased a new position in The Goldman Sachs Group in the first quarter valued at about $84,000. MV Capital Management Inc. boosted its holdings in shares of The Goldman Sachs Group by 6.1% in the 1st quarter. MV Capital Management Inc. now owns 799 shares of the investment management company’s stock valued at $334,000 after buying an additional 46 shares in the last quarter. Woodmont Investment Counsel LLC boosted its holdings in shares of The Goldman Sachs Group by 108.7% in the 1st quarter. Woodmont Investment Counsel LLC now owns 1,344 shares of the investment management company’s stock valued at $561,000 after buying an additional 700 shares in the last quarter. Cullinan Associates Inc. grew its position in shares of The Goldman Sachs Group by 738.0% in the 1st quarter. Cullinan Associates Inc. now owns 26,674 shares of the investment management company’s stock worth $11,141,000 after buying an additional 23,491 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in shares of The Goldman Sachs Group by 3.4% during the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 8,424 shares of the investment management company’s stock worth $3,519,000 after acquiring an additional 280 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the transaction, the insider now directly owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

Analyst Ratings Changes

GS has been the subject of several recent analyst reports. Bank of America raised their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price on the stock in a research note on Tuesday, April 16th. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Oppenheimer raised their price target on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Finally, Morgan Stanley cut their price objective on shares of The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average target price of $443.78.

The Goldman Sachs Group Stock Performance

Shares of GS traded up $2.08 during mid-day trading on Tuesday, reaching $465.74. The company had a trading volume of 1,491,602 shares, compared to its average volume of 2,290,810. The stock has a 50 day moving average of $450.78 and a two-hundred day moving average of $411.69. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The stock has a market capitalization of $150.18 billion, a P/E ratio of 18.18, a PEG ratio of 0.91 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $471.48.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same period in the previous year, the firm earned $8.79 EPS. The business’s quarterly revenue was up 16.1% on a year-over-year basis. On average, analysts expect that The Goldman Sachs Group, Inc. will post 36.59 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

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.