Xponance Inc. Reduces Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Xponance Inc. reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,763 shares of the investment management company’s stock after selling 107 shares during the quarter. Xponance Inc.’s holdings in The Goldman Sachs Group were worth $30,213,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Stephens Consulting LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth $29,000. Curio Wealth LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth $30,000. Truvestments Capital LLC acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter worth $34,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth $34,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Up 1.9 %

Shares of GS opened at $551.60 on Tuesday. The Goldman Sachs Group, Inc. has a 1 year low of $383.41 and a 1 year high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a 50 day simple moving average of $612.14 and a 200-day simple moving average of $567.52. The stock has a market cap of $172.12 billion, a PE ratio of 13.60, a PEG ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period last year, the firm posted $5.48 EPS. The business’s revenue was up 22.5% on a year-over-year basis. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.18%. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Analyst Ratings Changes

A number of brokerages recently issued reports on GS. Morgan Stanley decreased their target price on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Oppenheimer lowered their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Citigroup lifted their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Barclays lifted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $594.27.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the transaction, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,925 shares of company stock worth $12,630,683. Insiders own 0.54% of the company’s stock.

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.