The Goldman Sachs Group, Inc. $GS Shares Sold by CWC Advisors LLC.

CWC Advisors LLC. reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 44.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,042 shares of the investment management company’s stock after selling 2,429 shares during the quarter. The Goldman Sachs Group comprises approximately 1.2% of CWC Advisors LLC.’s portfolio, making the stock its 25th biggest holding. CWC Advisors LLC.’s holdings in The Goldman Sachs Group were worth $2,574,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in GS. Dagco Inc. acquired a new position in The Goldman Sachs Group in the 4th quarter valued at about $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $26,000. Manning & Napier Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 287.5% during the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares during the last quarter. Lifetime Wealth Management P.C. purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $29,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup upped their price objective on shares of The Goldman Sachs Group from $765.00 to $930.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Evercore lowered their target price on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. BNP Paribas Exane cut their price target on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a report on Friday, April 24th. BMO Capital Markets increased their price target on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research note on Monday, April 20th. Finally, Royal Bank Of Canada restated a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Nine investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $941.82.

Get Our Latest Report on GS

The Goldman Sachs Group Trading Up 0.3%

NYSE GS opened at $1,099.46 on Monday. The company has a market cap of $324.35 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.43 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 12 month low of $630.01 and a 12 month high of $1,125.00. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63. The company has a 50-day moving average of $979.32 and a 200-day moving average of $920.51.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The business had revenue of $17.23 billion for the quarter, compared to analysts’ expectations of $16.66 billion. During the same period last year, the company earned $14.12 earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 59.6 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.

Insider Activity at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 1,116 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value of $1,044,776.88. Following the transaction, the insider directly owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. This trade represents a 30.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the transaction, the chief financial officer directly owned 31,070 shares in the company, valued at $30,248,198.50. This trade represents a 18.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,681 shares of company stock worth $31,737,875 in the last 90 days. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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