CSM Advisors LLC Has $18.69 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

CSM Advisors LLC decreased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,639 shares of the investment management company’s stock after selling 1,050 shares during the quarter. The Goldman Sachs Group accounts for about 1.2% of CSM Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. CSM Advisors LLC’s holdings in The Goldman Sachs Group were worth $18,688,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Stephens Consulting LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth approximately $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter valued at $30,000. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $520.18 on Wednesday. The stock has a market capitalization of $162.32 billion, a P/E ratio of 12.83, a P/E/G ratio of 0.89 and a beta of 1.33. The business has a 50-day moving average of $556.44 and a two-hundred day moving average of $573.08. The Goldman Sachs Group, Inc. has a fifty-two week low of $414.85 and a fifty-two week high of $672.19. 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 (NYSE:GS) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period in the previous year, the company earned $11.58 EPS. On average, equities research 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 2.31%. The Goldman Sachs Group’s payout ratio is presently 27.85%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. UBS Group raised their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price for the company. in a research report on Friday, April 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $593.40.

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.