CWA Asset Management Group LLC Sells 1,415 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

CWA Asset Management Group LLC reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,896 shares of the investment management company’s stock after selling 1,415 shares during the quarter. CWA Asset Management Group LLC’s holdings in The Goldman Sachs Group were worth $9,776,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GS. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth approximately $30,000. Godsey & Gibb Inc. raised its stake in shares of The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock worth $30,000 after buying an additional 34 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $31,000. Mascagni Wealth Management Inc. bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $31,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $34,000. 71.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GS shares. Wells Fargo & Company dropped their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen downgraded shares of The Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Saturday. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a research report on Monday, April 7th. Barclays reduced their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Finally, Daiwa America lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $593.40.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares of the company’s stock, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $624.30 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $191.56 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.85 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. The stock has a 50 day moving average of $573.58 and a 200-day moving average of $583.63.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period in the previous year, the business posted $11.58 earnings per share. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared 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 is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.92%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.85%.

About The Goldman Sachs Group

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.