Fulton Breakefield Broenniman LLC Sells 40 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Fulton Breakefield Broenniman LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 702 shares of the investment management company’s stock after selling 40 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in The Goldman Sachs Group were worth $271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Golden State Equity Partners increased its stake in The Goldman Sachs Group by 4.6% in the fourth quarter. Golden State Equity Partners now owns 3,019 shares of the investment management company’s stock valued at $1,165,000 after purchasing an additional 134 shares in the last quarter. Raab & Moskowitz Asset Management LLC increased its stake in The Goldman Sachs Group by 3.6% in the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 1,071 shares of the investment management company’s stock valued at $413,000 after purchasing an additional 37 shares in the last quarter. Kovack Advisors Inc. increased its stake in The Goldman Sachs Group by 19.1% in the fourth quarter. Kovack Advisors Inc. now owns 2,355 shares of the investment management company’s stock valued at $909,000 after purchasing an additional 377 shares in the last quarter. K.J. Harrison & Partners Inc bought a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $3,176,000. Finally, First Fiduciary Investment Counsel Inc. bought a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $5,159,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

GS stock traded up $7.52 during trading hours on Friday, reaching $427.57. The stock had a trading volume of 2,322,674 shares, compared to its average volume of 2,404,007. The stock has a market capitalization of $138.76 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.35 and a beta of 1.43. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The stock has a 50-day simple moving average of $400.27 and a 200 day simple moving average of $370.11. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $428.53.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the company posted $8.79 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on GS. Oppenheimer upped their target price on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. HSBC increased their price objective on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Bank of America increased their price objective on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. JMP Securities increased their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Finally, Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $434.93.

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.