74 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Purchased by Pineridge Advisors LLC

Pineridge Advisors LLC bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 74 shares of the investment management company’s stock, valued at approximately $29,000.

Other hedge funds have also made changes to their positions in the company. EP Wealth Advisors LLC increased its holdings in The Goldman Sachs Group by 25.4% in the fourth quarter. EP Wealth Advisors LLC now owns 3,649 shares of the investment management company’s stock worth $1,408,000 after buying an additional 740 shares during the last quarter. Syon Capital LLC increased its position in The Goldman Sachs Group by 19.1% during the fourth quarter. Syon Capital LLC now owns 5,135 shares of the investment management company’s stock worth $1,981,000 after buying an additional 824 shares during the last quarter. Sierra Summit Advisors LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at about $285,000. Scarborough Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $57,000. Finally, WNY Asset Management LLC boosted its stake in shares of The Goldman Sachs Group by 1.6% during the 4th quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock worth $628,000 after acquiring an additional 26 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $0.11 on Friday, hitting $446.46. 1,559,064 shares of the stock were exchanged, compared to its average volume of 1,947,240. The company has a market capitalization of $143.97 billion, a PE ratio of 17.43, a P/E/G ratio of 0.90 and a beta of 1.39. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The business’s fifty day moving average is $439.28 and its 200 day moving average is $403.21. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $471.48.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.79 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 36.57 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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 $2.75 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.46%. The Goldman Sachs Group’s payout ratio is presently 42.95%.

Analyst Ratings Changes

Several brokerages recently commented on GS. Citigroup lifted their target price on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Argus upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective on the stock in a report on Tuesday, April 16th. Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. BMO Capital Markets boosted their price target on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Finally, Bank of America raised their price objective 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 analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $440.57.

The Goldman Sachs Group Company 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.