Pine Valley Investments Ltd Liability Co Purchases 1,599 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Pine Valley Investments Ltd Liability Co lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,264 shares of the investment management company’s stock after acquiring an additional 1,599 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in The Goldman Sachs Group were worth $5,305,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GS. Jackson Grant Investment Advisers Inc. boosted its stake in shares of The Goldman Sachs Group by 10.9% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company’s stock worth $93,000 after acquiring an additional 16 shares during the last quarter. Ledyard National Bank boosted its stake in shares of The Goldman Sachs Group by 3.4% in the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company’s stock worth $278,000 after acquiring an additional 16 shares during the last quarter. Seelaus Asset Management LLC boosted its stake in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock worth $378,000 after acquiring an additional 16 shares during the last quarter. Genesee Capital Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock worth $1,024,000 after acquiring an additional 17 shares during the last quarter. Finally, Horst & Graben Wealth Management LLC boosted its stake in shares of The Goldman Sachs Group by 1.5% in the fourth quarter. Horst & Graben Wealth Management LLC now owns 1,179 shares of the investment management company’s stock worth $675,000 after acquiring an additional 17 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $626.24 on Tuesday. The Goldman Sachs Group, Inc. has a 52 week low of $381.42 and a 52 week high of $672.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $195.41 billion, a P/E ratio of 15.44, a P/E/G ratio of 0.89 and a beta of 1.39. The stock’s fifty day moving average is $612.38 and its two-hundred day moving average is $559.91.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 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 the consensus estimate of $12.36 billion. During the same quarter in the previous year, the business earned $5.48 earnings per share. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS 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. Investors of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Insider Activity at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the sale, the insider now owns 9,589 shares in the company, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were 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 owns 3,545 shares in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,475 shares of company stock worth $19,692,543. 0.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GS has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Barclays lifted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Oppenheimer lowered their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Citigroup boosted their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $593.56.

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.