The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 27.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 490 shares of the investment management company’s stock after selling 186 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $243,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GS. International Assets Investment Management LLC acquired a new position in The Goldman Sachs Group during the first quarter worth $1,903,374,000. Legal & General Group Plc increased its stake in The Goldman Sachs Group by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company’s stock worth $1,257,602,000 after buying an additional 77,700 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of The Goldman Sachs Group by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,117,311 shares of the investment management company’s stock valued at $957,684,000 after acquiring an additional 68,141 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of The Goldman Sachs Group by 18.0% in the first quarter. Jennison Associates LLC now owns 1,801,395 shares of the investment management company’s stock worth $752,425,000 after acquiring an additional 274,509 shares during the last quarter. Finally, Capital Wealth Planning LLC boosted its stake in shares of The Goldman Sachs Group by 0.3% in the first quarter. Capital Wealth Planning LLC now owns 1,193,401 shares of the investment management company’s stock worth $498,472,000 after acquiring an additional 3,396 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GS has been the subject of several research reports. Evercore ISI upped their price objective on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Citigroup lifted their price objective on The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Wells Fargo & Company raised their target price on The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Seaport Res Ptn lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Finally, UBS Group increased their price target on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus target price of $504.75.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $522.60 on Wednesday. The stock’s 50-day moving average is $495.39 and its two-hundred day moving average is $467.39. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $168.52 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $540.51.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping analysts’ consensus estimates of $7.87 by $0.53. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The firm had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the previous year, the firm posted $5.47 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. Analysts forecast that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.30%. The Goldman Sachs Group’s payout ratio is currently 46.86%.

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.