Pinnacle Wealth Management Advisory Group LLC Decreases Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Pinnacle Wealth Management Advisory Group LLC trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 17.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,534 shares of the investment management company’s stock after selling 541 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in The Goldman Sachs Group were worth $977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of GS. National Pension Service increased its position in shares of The Goldman Sachs Group by 2.3% in the fourth quarter. National Pension Service now owns 572,183 shares of the investment management company’s stock valued at $220,731,000 after buying an additional 12,736 shares in the last quarter. Blume Capital Management Inc. increased its stake in shares of The Goldman Sachs Group by 2.2% during the 4th quarter. Blume Capital Management Inc. now owns 15,076 shares of the investment management company’s stock worth $5,816,000 after purchasing an additional 325 shares in the last quarter. Bogart Wealth LLC increased its position in The Goldman Sachs Group by 7.5% during the fourth quarter. Bogart Wealth LLC now owns 12,544 shares of the investment management company’s stock worth $4,839,000 after buying an additional 877 shares in the last quarter. RMR Wealth Builders boosted its stake in shares of The Goldman Sachs Group by 31.1% during the fourth quarter. RMR Wealth Builders now owns 2,582 shares of the investment management company’s stock valued at $996,000 after acquiring an additional 612 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $7,165,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

GS has been the topic of several research reports. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Evercore ISI raised their price target on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Bank of America upped their price objective on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer lifted their price target on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Finally, Edward Jones assumed coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $440.57.

The Goldman Sachs Group Stock Up 0.7 %

GS traded up $3.15 during trading hours on Wednesday, hitting $446.95. 1,990,321 shares of the company’s stock were exchanged, compared to its average volume of 2,363,222. The stock’s 50-day moving average is $406.72 and its two-hundred day moving average is $377.23. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $448.02. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The stock has a market cap of $145.05 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.38 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the prior year, the firm posted $8.79 earnings per share. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Insider Activity

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 that occurred on 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. In the last ninety days, insiders have sold 29,330 shares of company stock valued at $11,713,578. 0.57% of the stock is owned by company insiders.

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.