Pine Valley Investments Ltd Liability Co Grows Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Pine Valley Investments Ltd Liability Co grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,264 shares of the investment management company’s stock after purchasing an additional 1,599 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in The Goldman Sachs Group were worth $5,305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Prasad Wealth Partners LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $344,000. BankPlus Trust Department bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $667,000. Crestwood Advisors Group LLC grew its stake in shares of The Goldman Sachs Group by 1.6% during the 4th quarter. Crestwood Advisors Group LLC now owns 13,517 shares of the investment management company’s stock valued at $7,740,000 after acquiring an additional 216 shares during the period. Wharton Business Group LLC grew its stake in shares of The Goldman Sachs Group by 0.5% during the 4th quarter. Wharton Business Group LLC now owns 68,773 shares of the investment management company’s stock valued at $39,381,000 after acquiring an additional 361 shares during the period. Finally, IFP Advisors Inc grew its stake in shares of The Goldman Sachs Group by 41.7% during the 4th quarter. IFP Advisors Inc now owns 4,335 shares of the investment management company’s stock valued at $2,483,000 after acquiring an additional 1,275 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the sale, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. The trade was a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock worth $19,692,543 over the last quarter. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $626.24 on Tuesday. The stock’s fifty day moving average is $612.38 and its 200 day moving average is $559.91. The Goldman Sachs Group, Inc. has a fifty-two week low of $381.42 and a fifty-two week high of $672.19. The firm has a market capitalization of $195.41 billion, a PE ratio of 15.44, a PEG ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

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

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.92%. The Goldman Sachs Group’s payout ratio is 29.59%.

Analyst Ratings Changes

GS has been the subject of a number of recent research reports. Barclays boosted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Oppenheimer dropped their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $593.56.

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.