Pinnacle Associates Ltd. lowered its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 7.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,142 shares of the investment management company’s stock after selling 2,538 shares during the period. Pinnacle Associates Ltd.’s holdings in Goldman Sachs Group were worth $5,369,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Prio Wealth Limited Partnership increased its position in shares of Goldman Sachs Group by 3.5% during the 3rd quarter. Prio Wealth Limited Partnership now owns 127,554 shares of the investment management company’s stock worth $28,602,000 after purchasing an additional 4,344 shares during the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of Goldman Sachs Group by 29.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 199,139 shares of the investment management company’s stock worth $32,466,000 after buying an additional 45,206 shares in the last quarter. Morgan Stanley increased its holdings in Goldman Sachs Group by 1.7% in the 3rd quarter. Morgan Stanley now owns 3,257,484 shares of the investment management company’s stock worth $730,458,000 after purchasing an additional 52,899 shares in the last quarter. Virtu Financial LLC grew its position in shares of Goldman Sachs Group by 72.0% in the 3rd quarter. Virtu Financial LLC now owns 12,537 shares of the investment management company’s stock valued at $1,317,725,000 after buying an additional 5,248 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its holdings in Goldman Sachs Group by 18.8% in the third quarter. Sowell Financial Services LLC now owns 1,855 shares of the investment management company’s stock worth $416,000 after acquiring an additional 294 shares in the last quarter. 74.86% of the stock is owned by institutional investors and hedge funds.

Shares of GS opened at $191.33 on Tuesday. The stock has a market capitalization of $71.17 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 1.11 and a beta of 1.22. Goldman Sachs Group Inc has a fifty-two week low of $151.70 and a fifty-two week high of $275.31. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.90 and a current ratio of 0.91.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.15 by $0.89. The firm had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.48 billion. Goldman Sachs Group had a return on equity of 13.35% and a net margin of 28.92%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $5.68 earnings per share. On average, sell-side analysts expect that Goldman Sachs Group Inc will post 23.87 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 28th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Wednesday, February 27th. Goldman Sachs Group’s dividend payout ratio is presently 12.66%.

In other news, VP Gregory K. Palm sold 16,451 shares of Goldman Sachs Group stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $158.41, for a total transaction of $2,606,002.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.71% of the stock is owned by insiders.

GS has been the subject of several research reports. Zacks Investment Research raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. BMO Capital Markets lifted their price objective on Goldman Sachs Group from $261.00 to $276.00 and gave the company a “market perform” rating in a research report on Wednesday, October 17th. They noted that the move was a valuation call. JPMorgan Chase & Co. restated a “buy” rating and issued a $285.00 price objective on shares of Goldman Sachs Group in a report on Tuesday, October 16th. ValuEngine lowered shares of Goldman Sachs Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 15th. Finally, Oppenheimer upped their target price on shares of Goldman Sachs Group from $257.00 to $272.00 and gave the stock an “outperform” rating in a report on Thursday, January 17th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Goldman Sachs Group currently has an average rating of “Hold” and a consensus target price of $254.88.

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Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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