Mitchell Mcleod Pugh & Williams Inc. Acquires 312 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 46.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 987 shares of the investment management company’s stock after purchasing an additional 312 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in The Goldman Sachs Group were worth $381,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GS. Capital Investment Counsel Inc grew its stake in The Goldman Sachs Group by 6.0% in the fourth quarter. Capital Investment Counsel Inc now owns 1,316 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 75 shares during the last quarter. Fiduciary Group LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $229,000. Intellectus Partners LLC grew its position in shares of The Goldman Sachs Group by 4.6% in the 4th quarter. Intellectus Partners LLC now owns 9,878 shares of the investment management company’s stock worth $3,811,000 after buying an additional 434 shares during the last quarter. Stonebrook Private Inc. bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $611,000. Finally, Principle Wealth Partners LLC raised its stake in shares of The Goldman Sachs Group by 1.6% during the 4th quarter. Principle Wealth Partners LLC now owns 20,154 shares of the investment management company’s stock worth $7,775,000 after acquiring an additional 325 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GS shares. 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 note on Tuesday, April 16th. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Evercore ISI increased their price objective on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Barclays upped their price target on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Edward Jones initiated coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus target price of $434.93.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $430.87 on Tuesday. The firm has a market cap of $139.83 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.35 and a beta of 1.43. The stock has a 50 day moving average of $401.20 and a two-hundred day moving average of $371.75. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $433.33. 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 Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.79 EPS. On average, analysts expect that The Goldman Sachs Group, Inc. will post 35.86 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.55%. The Goldman Sachs Group’s payout ratio is 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was 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 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 SEC, which is accessible through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction 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 of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

The Goldman Sachs Group 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.