Pinnacle Wealth Planning Services Inc. Reduces Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Pinnacle Wealth Planning Services Inc. lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 25.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,350 shares of the investment management company’s stock after selling 450 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in The Goldman Sachs Group were worth $773,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its holdings in The Goldman Sachs Group by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock valued at $129,144,000 after acquiring an additional 5,541 shares during the period. Franklin Street Advisors Inc. NC lifted its holdings in The Goldman Sachs Group by 8.1% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock valued at $21,934,000 after acquiring an additional 2,863 shares during the period. Atlas Legacy Advisors LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $356,000. Park Edge Advisors LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $703,000. Finally, Nordea Investment Management AB lifted its holdings in The Goldman Sachs Group by 30.3% in the fourth quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock valued at $122,453,000 after acquiring an additional 49,710 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the subject of a number of analyst reports. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Barclays boosted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley upped their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, UBS Group upped their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $591.69.

The Goldman Sachs Group Stock Up 2.2 %

Shares of GS opened at $594.05 on Thursday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $381.42 and a one year high of $672.19. The stock has a market capitalization of $185.37 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 0.89 and a beta of 1.37. The stock has a 50 day moving average price of $617.59 and a 200 day moving average price of $564.89.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the business earned $5.48 EPS. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director Kevin R. Johnson bought 2,400 shares of the company’s stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the acquisition, the director now directly owns 2,400 shares in the company, valued at $1,485,648. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 in the last three months. 0.54% of the stock is owned by corporate insiders.

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.