PGGM Investments Reduces Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

PGGM Investments cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 38.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,609 shares of the investment management company’s stock after selling 1,646 shares during the quarter. PGGM Investments’ holdings in The Goldman Sachs Group were worth $1,006,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Albert D Mason Inc. raised its position in shares of The Goldman Sachs Group by 4.3% during the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock worth $255,000 after purchasing an additional 27 shares during the period. Mayflower Financial Advisors LLC grew its position in The Goldman Sachs Group by 1.4% in the 4th quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock worth $760,000 after purchasing an additional 28 shares during the last quarter. Avitas Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 0.7% in the fourth quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock valued at $1,711,000 after purchasing an additional 29 shares during the period. Addison Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 7.5% during the fourth quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock valued at $160,000 after buying an additional 29 shares during the last quarter. Finally, Samalin Investment Counsel LLC boosted its position in shares of The Goldman Sachs Group by 3.5% during the third quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock worth $289,000 after buying an additional 30 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The sale was disclosed in a document filed with the SEC, which is available at this link. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $430.87 on Tuesday. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $433.33. The firm’s 50 day simple moving average is $401.20 and its 200-day simple moving average is $371.75. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The company has a market cap of $139.83 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.35 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same quarter last year, the business posted $8.79 EPS. The company’s revenue was up 16.1% on a year-over-year basis. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 35.86 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GS shares. Evercore ISI boosted their price target on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Barclays boosted their price target on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Oppenheimer upped their price target on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada boosted their target price on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average target price of $434.93.

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.