CWA Asset Management Group LLC Has $11.06 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

CWA Asset Management Group LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,311 shares of the investment management company’s stock after selling 709 shares during the period. CWA Asset Management Group LLC’s holdings in The Goldman Sachs Group were worth $11,058,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of GS. Semmax Financial Advisors Inc. acquired a new position in The Goldman Sachs Group during the second quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new position in The Goldman Sachs Group during the second quarter worth $27,000. West Branch Capital LLC acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth about $30,000. DT Investment Partners LLC lifted its stake in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. Finally, Quest Partners LLC increased its position in The Goldman Sachs Group by 6,300.0% during the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. The trade was a 16.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Viniar sold 5,000 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the transaction, the director now directly owns 608,425 shares in the company, valued at $372,404,774. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,940 shares of company stock worth $13,717,979. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

Shares of GS traded up $2.00 during midday trading on Monday, hitting $582.13. The company’s stock had a trading volume of 589,164 shares, compared to its average volume of 1,397,175. 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 Goldman Sachs Group, Inc. has a one year low of $372.07 and a one year high of $612.73. The stock has a market capitalization of $182.74 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. The company’s fifty day simple moving average is $578.26 and its two-hundred day simple moving average is $521.69.

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 the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. 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 earned $5.47 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 2nd were issued a $3.00 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 2.06%. The Goldman Sachs Group’s payout ratio is presently 35.21%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GS shares. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $520.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $570.00 to $686.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Morgan Stanley increased their target price on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $561.50.

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.