The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 822 shares of the investment management company’s stock after buying an additional 31 shares during the period. Peregrine Asset Advisers Inc.’s holdings in The Goldman Sachs Group were worth $471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GS. Stephens Consulting LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $29,000. DT Investment Partners LLC grew its position in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after buying an additional 33 shares during the last quarter. Truvestments Capital LLC acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at $34,000. Finally, Capital Performance Advisors LLP purchased a new position in The Goldman Sachs Group during the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the sale, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,475 shares of company stock valued at $19,692,543. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the topic of several analyst reports. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Citigroup boosted their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Oppenheimer cut their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods increased their price objective on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $593.56.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $625.70 on Friday. 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 business’s fifty day moving average price is $611.58 and its two-hundred day moving average price is $557.71. The stock has a market cap of $195.24 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.93 and a beta of 1.39. The Goldman Sachs Group, Inc. has a one year low of $381.42 and a one year high of $672.19.

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 analysts’ consensus estimates of $8.21 by $3.74. The firm 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% compared to the same quarter last year. During the same quarter last year, the business posted $5.48 EPS. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal 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 given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

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.