PFG Investments LLC Raises Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

PFG Investments LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,065 shares of the investment management company’s stock after buying an additional 296 shares during the quarter. PFG Investments LLC’s holdings in The Goldman Sachs Group were worth $2,900,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Drive Wealth Management LLC grew its holdings in shares of The Goldman Sachs Group by 2.7% during the fourth quarter. Drive Wealth Management LLC now owns 921 shares of the investment management company’s stock worth $527,000 after purchasing an additional 24 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $224,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of The Goldman Sachs Group by 36.9% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,495 shares of the investment management company’s stock worth $1,429,000 after purchasing an additional 673 shares during the last quarter. High Net Worth Advisory Group LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $644,000. Finally, Crescent Grove Advisors LLC grew its holdings in shares of The Goldman Sachs Group by 22.7% during the fourth quarter. Crescent Grove Advisors LLC now owns 502 shares of the investment management company’s stock worth $287,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,017 shares of company stock worth $19,655,538 in the last ninety days. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GS. Morgan Stanley raised their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. JMP Securities raised their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Finally, Bank of America raised their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $591.06.

The Goldman Sachs Group Trading Down 0.4 %

Shares of The Goldman Sachs Group stock opened at $636.80 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 Goldman Sachs Group, Inc. has a 1 year low of $374.24 and a 1 year high of $645.54. The company has a market capitalization of $199.90 billion, a P/E ratio of 15.70, a P/E/G ratio of 0.88 and a beta of 1.38. The business has a 50 day moving average price of $591.21 and a 200 day moving average price of $536.11.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the firm posted $5.48 EPS. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given 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 1.88%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

About The Goldman Sachs Group

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.