Peregrine Asset Advisers Inc. Sells 901 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Peregrine Asset Advisers Inc. lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 53.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 774 shares of the investment management company’s stock after selling 901 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in The Goldman Sachs Group were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cambridge Trust Co. raised its holdings in shares of The Goldman Sachs Group by 82.0% during the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 41 shares in the last quarter. Truvestments Capital LLC raised its holdings in The Goldman Sachs Group by 88.0% in the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after acquiring an additional 44 shares during the period. BKM Wealth Management LLC bought a new position in The Goldman Sachs Group in the 4th quarter worth $32,000. Signature Resources Capital Management LLC bought a new position in The Goldman Sachs Group in the 4th quarter worth $39,000. Finally, Wetzel Investment Advisors Inc. bought a new position in The Goldman Sachs Group in the 4th quarter worth $42,000. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the topic of several recent analyst reports. JMP Securities lifted their target price on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $410.00 to $430.00 in a report on Thursday, March 14th. Citigroup boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $437.04.

The Goldman Sachs Group Price Performance

NYSE:GS traded up $5.38 on Monday, reaching $443.56. The stock had a trading volume of 1,914,010 shares, compared to its average volume of 2,370,878. The company has a market capitalization of $143.95 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The stock has a fifty day moving average price of $405.66 and a 200-day moving average price of $376.21. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $444.38.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The Goldman Sachs Group’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the company earned $8.79 EPS. Research analysts forecast that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group 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 transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director David A. Viniar sold 5,000 shares of the stock in a transaction 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 transaction, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group 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 sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,330 shares of company stock worth $11,713,578. 0.57% of the stock is currently owned by corporate 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.