Cacti Asset Management LLC Sells 16,013 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Cacti Asset Management LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 185,106 shares of the investment management company’s stock after selling 16,013 shares during the period. The Goldman Sachs Group accounts for about 8.2% of Cacti Asset Management LLC’s portfolio, making the stock its 4th biggest holding. Cacti Asset Management LLC owned approximately 0.06% of The Goldman Sachs Group worth $106,168,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp bought a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $2,753,000. Financial Counselors Inc. raised its holdings in The Goldman Sachs Group by 24.2% in the 2nd quarter. Financial Counselors Inc. now owns 2,458 shares of the investment management company’s stock valued at $1,112,000 after acquiring an additional 479 shares in the last quarter. Resonant Capital Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $222,000. Verus Capital Partners LLC raised its position in The Goldman Sachs Group by 23.9% during the second quarter. Verus Capital Partners LLC now owns 761 shares of the investment management company’s stock valued at $344,000 after purchasing an additional 147 shares in the last quarter. Finally, TIAA Trust National Association raised its position in The Goldman Sachs Group by 27.2% during the second quarter. TIAA Trust National Association now owns 47,873 shares of the investment management company’s stock valued at $21,654,000 after purchasing an additional 10,234 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $6.93 during trading on Thursday, hitting $579.55. The stock had a trading volume of 604,531 shares, compared to its average volume of 2,187,402. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a market cap of $181.93 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 0.86 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 1 year low of $372.07 and a 1 year high of $612.73. The stock’s 50 day moving average is $575.90 and its two-hundred day moving average is $519.51.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.47 earnings per share. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 2nd were issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the transaction, the insider now owns 10,095 shares in the company, valued at approximately $5,359,435.50. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,940 shares of company stock valued at $13,717,979 in the last three months. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GS shares. Citigroup upped their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on The Goldman Sachs Group from $520.00 to $550.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Barclays lifted their target price on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Evercore ISI raised their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, UBS Group increased their target price on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $559.75.

The Goldman Sachs Group 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.