Canandaigua National Bank & Trust Co. Sells 67 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Canandaigua National Bank & Trust Co. lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,116 shares of the investment management company’s stock after selling 67 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in The Goldman Sachs Group were worth $5,220,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Semmax Financial Advisors Inc. bought a new position in The Goldman Sachs Group in the second quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new position in The Goldman Sachs Group in the 2nd quarter worth $27,000. West Branch Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at about $30,000. DT Investment Partners LLC lifted its holdings in shares of The Goldman Sachs Group by 110.0% in the third 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 in the last quarter. Finally, Quest Partners LLC raised its position in The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after buying an additional 63 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GS shares. JMP Securities upped their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Barclays raised their price objective on The Goldman Sachs Group from $588.00 to $713.00 and gave the company an “overweight” rating in a research report on Monday. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Citigroup raised their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company increased their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus price target of $569.31.

Insider Activity at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Solomon sold 6,550 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the sale, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,940 shares of company stock worth $13,717,979 in the last quarter. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

Shares of GS stock traded up $4.09 on Monday, hitting $584.22. 2,237,389 shares of the company’s stock were exchanged, compared to its average volume of 1,836,055. The Goldman Sachs Group, Inc. has a 12 month low of $372.07 and a 12 month high of $612.73. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The company has a 50 day moving average of $578.26 and a 200 day moving average of $521.69. The stock has a market cap of $183.39 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The business had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $5.47 EPS. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 2nd were issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.21%.

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.