Private Management Group Inc. Purchases 49 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Private Management Group Inc. raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,303 shares of the investment management company’s stock after purchasing an additional 49 shares during the period. Private Management Group Inc.’s holdings in The Goldman Sachs Group were worth $503,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cambridge Trust Co. grew its holdings in The Goldman Sachs Group by 82.0% during the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 41 shares during the period. Truvestments Capital LLC lifted its position in shares of The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 44 shares in the last quarter. BKM Wealth Management LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at about $32,000. Wetzel Investment Advisors Inc. purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at about $42,000. Finally, CNB Bank lifted its position in shares of The Goldman Sachs Group by 55.7% in the third quarter. CNB Bank now owns 165 shares of the investment management company’s stock valued at $53,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Activity

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 value 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 approximately $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value 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 approximately $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’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 value of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on GS. Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. BMO Capital Markets boosted their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Barclays boosted their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Oppenheimer boosted their target price on The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Finally, Bank of America boosted their target price on 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. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $434.93.

The Goldman Sachs Group Stock Down 0.2 %

Shares of GS traded down $0.96 during midday trading on Wednesday, hitting $423.04. 1,568,162 shares of the company’s stock traded hands, compared to its average volume of 2,387,557. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $425.35. The firm’s fifty day moving average is $397.82 and its 200-day moving average is $368.58. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $137.29 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.34 and a beta of 1.43.

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

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

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.