PFG Advisors Has $550,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

PFG Advisors lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 961 shares of the investment management company’s stock after selling 64 shares during the quarter. PFG Advisors’ holdings in The Goldman Sachs Group were worth $550,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of GS. Moors & Cabot Inc. boosted its holdings in shares of The Goldman Sachs Group by 18.2% during the 4th quarter. Moors & Cabot Inc. now owns 3,034 shares of the investment management company’s stock worth $1,738,000 after buying an additional 468 shares during the period. Wealthfront Advisers LLC raised its stake in The Goldman Sachs Group by 150.2% in the 4th quarter. Wealthfront Advisers LLC now owns 96,833 shares of the investment management company’s stock worth $55,449,000 after purchasing an additional 58,133 shares in the last quarter. GC Wealth Management RIA LLC raised its stake in The Goldman Sachs Group by 22.3% in the 4th quarter. GC Wealth Management RIA LLC now owns 6,180 shares of the investment management company’s stock worth $3,539,000 after purchasing an additional 1,127 shares in the last quarter. Founders Financial Alliance LLC raised its stake in The Goldman Sachs Group by 95.5% in the 4th quarter. Founders Financial Alliance LLC now owns 1,726 shares of the investment management company’s stock worth $989,000 after purchasing an additional 843 shares in the last quarter. Finally, Miller Financial Services LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter worth about $550,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GS. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Wells Fargo & Company restated an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. UBS Group boosted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $594.27.

Insider Activity

In related news, insider Alex S. Golten sold 5,208 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the transaction, the insider now directly owns 9,589 shares in the company, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Trading Up 3.3 %

GS opened at $542.31 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $383.41 and a fifty-two week high of $672.19. 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 firm has a market capitalization of $169.22 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.89 and a beta of 1.37. The company’s 50 day moving average price is $612.79 and its two-hundred day moving average price is $566.37.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the firm posted $5.48 EPS. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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 paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Friday, February 28th. 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.