Kavar Capital Partners Group LLC Reduces Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Kavar Capital Partners Group LLC trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.5% in the 1st quarter, HoldingsChannel reports. The firm owned 8,650 shares of the investment management company’s stock after selling 42 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in The Goldman Sachs Group were worth $4,725,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of GS. GAMMA Investing LLC boosted its holdings in shares of The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock valued at $2,172,423,000 after acquiring an additional 3,970,467 shares during the last quarter. International Assets Investment Management LLC acquired a new position in The Goldman Sachs Group during the first quarter valued at $1,766,238,000. Norges Bank purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at $1,603,315,000. Castlekeep Investment Advisors LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $944,334,000. Finally, Raymond James Financial Inc. purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at about $624,844,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on GS shares. JPMorgan Chase & Co. lowered their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Royal Bank Of Canada dropped their price objective on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 15th. Citigroup decreased their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Wells Fargo & Company lowered their price target on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Finally, Barclays cut their price objective 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. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $595.67.

The Goldman Sachs Group Trading Up 1.2%

Shares of The Goldman Sachs Group stock opened at $669.87 on Thursday. 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 Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $672.19. The firm has a market capitalization of $205.54 billion, a PE ratio of 15.55, a P/E/G ratio of 0.90 and a beta of 1.32. The firm’s 50-day moving average price is $591.14 and its 200 day moving average price is $585.75.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same quarter in the prior year, the firm earned $11.58 earnings per share. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued 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 1.79%. The Goldman Sachs Group’s payout ratio is currently 27.85%.

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.