Hexagon Capital Partners LLC Sells 40 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Hexagon Capital Partners LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 702 shares of the investment management company’s stock after selling 40 shares during the period. Hexagon Capital Partners LLC’s holdings in The Goldman Sachs Group were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in The Goldman Sachs Group by 13.7% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock valued at $64,291,000 after buying an additional 20,018 shares during the last quarter. HTLF Bank purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth $850,000. Apexium Financial LP lifted its stake in shares of The Goldman Sachs Group by 7.1% during the fourth quarter. Apexium Financial LP now owns 5,672 shares of the investment management company’s stock worth $2,188,000 after buying an additional 378 shares during the period. Wealth Alliance grew its holdings in shares of The Goldman Sachs Group by 17.3% during the fourth quarter. Wealth Alliance now owns 1,035 shares of the investment management company’s stock valued at $399,000 after buying an additional 153 shares during the last quarter. Finally, Trueblood Wealth Management LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $989,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $463.66 on Tuesday. The company has a market capitalization of $149.51 billion, a P/E ratio of 18.10, a P/E/G ratio of 0.91 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $471.48. The business’s 50 day moving average is $449.86 and its two-hundred day moving average is $411.13. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the firm posted $8.79 EPS. Analysts expect that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were paid a dividend of $2.75 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.37%. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Evercore ISI boosted their price target on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price on the stock in a research report on Tuesday, April 16th. Morgan Stanley reduced their price target on shares of The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating for the company in a research report on Thursday, June 27th. JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Finally, Citigroup raised their target price on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $443.78.

Insider Buying and Selling

In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the sale, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the sale, the insider now owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David A. Viniar sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

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.