CX Institutional Trims Position in The Goldman Sachs Group, Inc. (NYSE:GS)

CX Institutional lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,583 shares of the investment management company’s stock after selling 52 shares during the period. CX Institutional’s holdings in The Goldman Sachs Group were worth $2,625,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Mizuho Securities USA LLC increased its holdings in shares of The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after buying an additional 7,475,140 shares during the last quarter. FMR LLC boosted its position in The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after purchasing an additional 521,054 shares during the period. Janus Henderson Group PLC raised its position in The Goldman Sachs Group by 154.7% in the third quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock valued at $205,403,000 after purchasing an additional 251,972 shares during the period. Congress Asset Management Co. lifted its stake in shares of The Goldman Sachs Group by 829.0% during the third quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock worth $128,886,000 after purchasing an additional 232,297 shares in the last quarter. Finally, Rheos Capital Works Inc. grew its stake in shares of The Goldman Sachs Group by 265.4% in the third quarter. Rheos Capital Works Inc. now owns 248,500 shares of the investment management company’s stock valued at $123,035,000 after buying an additional 180,500 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GS has been the subject of a number of analyst reports. Oppenheimer decreased their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. increased their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, UBS Group increased their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

Insiders Place Their Bets

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the transaction, the executive vice president now owns 57,614 shares of the company’s stock, valued at $34,358,685.04. The trade was a 10.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,017 shares of company stock worth $19,655,538 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Trading Down 0.4 %

Shares of NYSE:GS opened at $636.80 on Friday. The stock has a market capitalization of $199.90 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.88 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 1-year low of $374.24 and a 1-year high of $645.54. The company has a 50 day moving average price of $590.34 and a 200 day moving average price of $534.48. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.48 EPS. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.88%. The Goldman Sachs Group’s payout ratio is presently 29.59%.

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.