Pinnacle Wealth Management Advisory Group LLC Lowers Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Pinnacle Wealth Management Advisory Group LLC cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 17.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,534 shares of the investment management company’s stock after selling 541 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in The Goldman Sachs Group were worth $977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GS. Brown Advisory Inc. boosted its holdings in The Goldman Sachs Group by 15.6% in the third quarter. Brown Advisory Inc. now owns 13,462 shares of the investment management company’s stock worth $4,356,000 after acquiring an additional 1,812 shares in the last quarter. Cambridge Trust Co. raised its holdings in The Goldman Sachs Group by 82.0% in the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after buying an additional 41 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of The Goldman Sachs Group by 1.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,021 shares of the investment management company’s stock worth $26,217,000 after buying an additional 1,370 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in The Goldman Sachs Group by 6.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,151 shares of the investment management company’s stock valued at $344,000 after purchasing an additional 73 shares during the last quarter. Finally, Advisor Partners II LLC raised its stake in shares of The Goldman Sachs Group by 7.7% in the third quarter. Advisor Partners II LLC now owns 9,729 shares of the investment management company’s stock worth $3,148,000 after purchasing an additional 699 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director David A. Viniar sold 5,000 shares of the stock in a transaction that occurred 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 $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s 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 completion of the sale, 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. Over the last three months, insiders have sold 29,330 shares of company stock worth $11,713,578. 0.57% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded up $3.15 during trading hours on Wednesday, reaching $446.95. The company’s stock had a trading volume of 1,990,321 shares, compared to its average volume of 2,363,222. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $448.02. The firm has a 50 day moving average price of $406.72 and a 200-day moving average price of $377.23. The stock has a market cap of $145.05 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.38 and a beta of 1.40.

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

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.46%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GS shares. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a report on Tuesday, April 16th. Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Citigroup upped their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Oppenheimer increased their price objective on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Finally, HSBC increased their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $440.57.

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.