AXS Investments LLC Sells 52 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

AXS Investments LLC cut its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 534 shares of the investment management company’s stock after selling 52 shares during the quarter. AXS Investments LLC’s holdings in The Goldman Sachs Group were worth $206,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $1,120,119,000. Morgan Stanley grew its stake in shares of The Goldman Sachs Group by 7.8% during the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after acquiring an additional 412,383 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of The Goldman Sachs Group by 17.5% during the third quarter. Wellington Management Group LLP now owns 1,719,242 shares of the investment management company’s stock worth $556,295,000 after acquiring an additional 255,690 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of The Goldman Sachs Group during the third quarter worth about $64,070,000. Finally, Raymond James & Associates grew its stake in shares of The Goldman Sachs Group by 41.9% during the fourth quarter. Raymond James & Associates now owns 612,025 shares of the investment management company’s stock worth $236,101,000 after acquiring an additional 180,674 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Up 0.7 %

Shares of GS stock opened at $461.18 on Friday. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $148.71 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 0.93 and a beta of 1.40. The stock has a 50 day simple moving average of $425.16 and a 200-day simple moving average of $390.67. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $471.48.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the company posted $8.79 EPS. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 36.57 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders 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 dividend yield of 2.39%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GS shares. Edward Jones began coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They set a “buy” rating on the stock. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Royal Bank of Canada upped their target price 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. Oppenheimer upped their target price on The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Finally, Evercore ISI upped their target price on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus target price of $440.57.

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.