Cibc World Markets Corp Has $109.76 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Cibc World Markets Corp decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,683 shares of the investment management company’s stock after selling 14,497 shares during the period. The Goldman Sachs Group makes up 0.6% of Cibc World Markets Corp’s holdings, making the stock its 28th biggest holding. Cibc World Markets Corp owned about 0.06% of The Goldman Sachs Group worth $109,762,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Asset Management One Co. Ltd. increased its position in shares of The Goldman Sachs Group by 2.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after acquiring an additional 5,541 shares in the last quarter. Franklin Street Advisors Inc. NC grew its position in shares of The Goldman Sachs Group by 8.1% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock valued at $21,934,000 after acquiring an additional 2,863 shares during the period. Erste Asset Management GmbH lifted its stake in shares of The Goldman Sachs Group by 5.9% during the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock valued at $3,309,000 after buying an additional 320 shares in the last quarter. Atlas Legacy Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $356,000. Finally, Park Edge Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $703,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Oppenheimer decreased their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price objective for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Morgan Stanley cut their target price on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $594.27.

The Goldman Sachs Group Stock Up 3.3 %

Shares of NYSE:GS opened at $542.31 on Monday. The business has a 50-day moving average price of $612.79 and a 200 day moving average price of $567.23. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $169.22 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 12-month low of $383.41 and a 12-month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the previous year, the company posted $5.48 earnings per share. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Insider Activity

In other news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This trade represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,925 shares of company stock valued at $12,630,683. Company insiders own 0.54% 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.