Mitchell Mcleod Pugh & Williams Inc. Reduces Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Mitchell Mcleod Pugh & Williams Inc. reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 25.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 748 shares of the investment management company’s stock after selling 249 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in The Goldman Sachs Group were worth $428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in GS. Zhang Financial LLC increased its holdings in The Goldman Sachs Group by 11.2% in the 4th quarter. Zhang Financial LLC now owns 4,641 shares of the investment management company’s stock worth $2,658,000 after acquiring an additional 467 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of The Goldman Sachs Group by 52.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 19,011 shares of the investment management company’s stock worth $10,886,000 after purchasing an additional 6,546 shares during the period. Corundum Group Inc. raised its holdings in shares of The Goldman Sachs Group by 117.6% in the 4th quarter. Corundum Group Inc. now owns 2,563 shares of the investment management company’s stock valued at $1,468,000 after acquiring an additional 1,385 shares in the last quarter. DLK Investment Management LLC bought a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $225,000. Finally, Uncommon Cents Investing LLC lifted its holdings in shares of The Goldman Sachs Group by 1.6% during the 4th quarter. Uncommon Cents Investing LLC now owns 1,630 shares of the investment management company’s stock worth $933,000 after acquiring an additional 25 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In other news, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the sale, the executive vice president now owns 57,614 shares in the company, valued at $34,358,685.04. This trade represents a 10.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,940 shares of company stock worth $12,656,179. 0.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GS has been the subject of several analyst reports. Oppenheimer cut their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Barclays boosted their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Evercore ISI increased their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $589.19.

The Goldman Sachs Group Price Performance

NYSE GS opened at $626.84 on Tuesday. The company has a 50-day moving average price of $587.22 and a 200-day moving average price of $530.73. 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 firm has a market capitalization of $196.77 billion, a P/E ratio of 18.39, a PEG ratio of 0.66 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 52 week low of $372.07 and a 52 week high of $627.00.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.48 EPS. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.91%. The Goldman Sachs Group’s payout ratio is currently 35.21%.

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.