Cwm LLC Sells 962 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

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

A number of other large investors also recently modified their holdings of GS. Impact Partnership Wealth LLC lifted its holdings in shares of 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 valued at $102,000 after purchasing an additional 125 shares in the last quarter. Atwater Malick LLC increased its position in shares of The Goldman Sachs Group by 0.6% during the third quarter. Atwater Malick LLC now owns 24,713 shares of the investment management company’s stock valued at $7,996,000 after acquiring an additional 139 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of The Goldman Sachs Group by 209.8% during the third quarter. Newbridge Financial Services Group Inc. now owns 536 shares of the investment management company’s stock valued at $174,000 after acquiring an additional 363 shares during the last quarter. B.O.S.S. Retirement Advisors LLC increased its position in shares of The Goldman Sachs Group by 8.2% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 6,829 shares of the investment management company’s stock valued at $2,210,000 after acquiring an additional 520 shares during the last quarter. Finally, Nikulski Financial Inc. increased its position in shares of The Goldman Sachs Group by 1.3% during the third quarter. Nikulski Financial Inc. now owns 3,833 shares of the investment management company’s stock valued at $1,240,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $417.44 on Tuesday. The stock has a market cap 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 fifty-two week low of $289.36 and a fifty-two week high of $419.20. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The stock has a fifty day moving average of $396.92 and a 200-day moving average of $367.80.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly 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 company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $8.79 earnings per share. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed 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 is 42.95%.

Insider Activity at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Edward Jones assumed coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They set a “buy” rating for the company. Bank of America increased their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Royal Bank of Canada increased their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods raised their target price on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $434.93.

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.