Private Management Group Inc. Has $557,000 Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Private Management Group Inc. decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 15.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 972 shares of the investment management company’s stock after selling 179 shares during the quarter. Private Management Group Inc.’s holdings in The Goldman Sachs Group were worth $557,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Stephens Consulting LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $26,000. West Branch Capital LLC bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth about $30,000. DT Investment Partners LLC grew its holdings in shares of The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after purchasing an additional 33 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth about $34,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.9 %

Shares of NYSE GS opened at $657.47 on Friday. The firm has a market capitalization of $204.11 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. 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 Goldman Sachs Group, Inc. has a 1 year low of $375.20 and a 1 year high of $658.85. The firm’s 50-day moving average is $598.03 and its 200-day moving average is $544.50.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period last year, the company posted $5.48 EPS. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.83%. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GS shares. JPMorgan Chase & Co. upped their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley upped their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Oppenheimer decreased their price objective 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. Citigroup increased their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Finally, Evercore ISI increased their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock worth $19,692,543 in the last ninety days. Company insiders own 0.57% of the company’s stock.

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.