Pittenger & Anderson Inc. Purchases 6,792 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Pittenger & Anderson Inc. lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 79.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,394 shares of the investment management company’s stock after purchasing an additional 6,792 shares during the quarter. Pittenger & Anderson Inc.’s holdings in The Goldman Sachs Group were worth $8,815,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Stephens Consulting LLC bought a new stake in The Goldman Sachs Group during the 4th quarter valued at $26,000. Asset Planning Inc bought a new stake in The Goldman Sachs Group in the fourth quarter worth $29,000. West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group during the third quarter valued at about $30,000. DT Investment Partners LLC raised its stake in shares of The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 33 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in The Goldman Sachs Group in the third quarter worth about $34,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $661.56 on Monday. 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 stock has a market capitalization of $205.38 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 12-month low of $379.14 and a 12-month high of $663.87. The business’s fifty day moving average price is $605.16 and its 200 day moving average price is $552.61.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.48 earnings per share. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.81%. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Wall Street Analyst Weigh In

GS has been the topic of a number of recent analyst reports. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their price target for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. UBS Group lifted their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Barclays lifted their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $591.06.

Insider Buying and Selling

In related news, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,475 shares of company stock worth $19,692,543. 0.54% of the stock is currently owned by insiders.

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.