Saxon Interests Inc. Cuts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Saxon Interests Inc. lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,430 shares of the investment management company’s stock after selling 26 shares during the period. Saxon Interests Inc.’s holdings in The Goldman Sachs Group were worth $1,391,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Avanza Fonder AB acquired a new position in The Goldman Sachs Group in the fourth quarter valued at $13,459,000. Procyon Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 10.1% in the fourth quarter. Procyon Advisors LLC now owns 914 shares of the investment management company’s stock valued at $523,000 after purchasing an additional 84 shares during the period. Goldstone Financial Group LLC lifted its position in The Goldman Sachs Group by 26.2% during the fourth quarter. Goldstone Financial Group LLC now owns 1,370 shares of the investment management company’s stock valued at $785,000 after buying an additional 284 shares in the last quarter. Empirical Asset Management LLC lifted its stake in shares of The Goldman Sachs Group by 3,902.3% during the fourth quarter. Empirical Asset Management LLC now owns 44,906 shares of the investment management company’s stock worth $25,714,000 after purchasing an additional 43,784 shares in the last quarter. Finally, Cvfg LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $478,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the transaction, the executive vice president now directly owns 57,614 shares in the company, valued at $34,358,685.04. This trade represents a 10.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the sale, the chief executive officer now owns 117,883 shares in the company, valued at approximately $72,015,903.53. This represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,940 shares of company stock valued at $12,656,179 in the last 90 days. 0.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GS has been the subject of a number of research reports. Citigroup lifted their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company increased their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $589.19.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $615.74 on Friday. The business has a 50 day simple moving average of $585.87 and a 200 day simple moving average of $528.13. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $372.07 and a one year high of $617.60. The company has a market capitalization of $193.29 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the previous year, the business posted $5.48 earnings per share. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.95%. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

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.