Pegasus Asset Management Inc. Decreases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Pegasus Asset Management Inc. decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,426 shares of the investment management company’s stock after selling 109 shares during the quarter. The Goldman Sachs Group comprises about 2.9% of Pegasus Asset Management Inc.’s portfolio, making the stock its 13th biggest holding. Pegasus Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $7,688,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Legacy Solutions LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $289,000. Werba Rubin Papier Wealth Management increased its stake in shares of The Goldman Sachs Group by 7.5% in the 4th quarter. Werba Rubin Papier Wealth Management now owns 457 shares of the investment management company’s stock worth $262,000 after acquiring an additional 32 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of The Goldman Sachs Group by 5.4% during the 4th quarter. Global Retirement Partners LLC now owns 5,619 shares of the investment management company’s stock worth $3,218,000 after acquiring an additional 290 shares during the period. Semus Wealth Partners LLC boosted its position in shares of The Goldman Sachs Group by 1.1% during the 4th quarter. Semus Wealth Partners LLC now owns 2,209 shares of the investment management company’s stock valued at $1,265,000 after acquiring an additional 24 shares during the last quarter. Finally, Atlas Legacy Advisors LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth about $356,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 1.6 %

The Goldman Sachs Group stock opened at $671.44 on Wednesday. The firm has a market capitalization of $208.45 billion, a P/E ratio of 16.56, a P/E/G ratio of 0.92 and a beta of 1.39. The stock’s fifty day simple moving average is $608.24 and its 200-day simple moving average is $555.16. The Goldman Sachs Group, Inc. has a twelve month low of $380.85 and a twelve month high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the company earned $5.48 EPS. The Goldman Sachs Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.79%. The Goldman Sachs Group’s payout ratio is 29.59%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GS. Citigroup increased their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Barclays upped their price target 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 raised their price objective for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

Insider Buying and Selling

In related news, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. This trade represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,475 shares of company stock worth $19,692,543. Corporate insiders own 0.57% of the company’s stock.

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.