The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Pinnacle Bancorp Inc.

by · The Cerbat Gem

Pinnacle Bancorp Inc. increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 27.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 141 shares of the investment management company’s stock after acquiring an additional 30 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in The Goldman Sachs Group were worth $81,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quest Partners LLC boosted its stake in The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after purchasing an additional 63 shares during the period. One Capital Management LLC purchased a new stake in shares of The Goldman Sachs Group in the second quarter valued at $243,000. Moors & Cabot Inc. boosted its position in shares of The Goldman Sachs Group by 3.5% in the second quarter. Moors & Cabot Inc. now owns 2,637 shares of the investment management company’s stock worth $1,193,000 after buying an additional 88 shares during the period. Bradley Foster & Sargent Inc. CT grew its holdings in shares of The Goldman Sachs Group by 0.5% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 7,476 shares of the investment management company’s stock valued at $3,381,000 after buying an additional 36 shares in the last quarter. Finally, Wealth Alliance raised its position in The Goldman Sachs Group by 3.5% during the second quarter. Wealth Alliance now owns 1,060 shares of the investment management company’s stock valued at $479,000 after buying an additional 36 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 1.0 %

Shares of GS stock opened at $612.17 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $372.07 and a 12 month high of $616.84. The company has a market cap of $192.17 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38. 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 business’s 50 day moving average is $585.87 and its two-hundred day moving average is $528.13.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. During the same period last year, the business posted $5.48 EPS. Equities analysts predict that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.96%. The Goldman Sachs Group’s dividend payout ratio is presently 35.21%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the sale, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at $34,358,685.04. This represents a 10.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’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 completion of the sale, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,940 shares of company stock worth $12,656,179 in the last 90 days. 0.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GS has been the topic of several research analyst reports. Wells Fargo & Company lifted their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price objective for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Bank of America lifted their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Oppenheimer reduced their price objective on 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. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $589.19.

Check Out Our Latest Research Report on The Goldman Sachs Group

The Goldman Sachs Group Profile

(Free Report)

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.

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