Pittenger & Anderson Inc. Purchases 133 Shares of Goldman Sachs Group Inc (GS)

Pittenger & Anderson Inc. boosted its stake in Goldman Sachs Group Inc (NYSE:GS) by 1.1% during the fourth quarter, Holdings Channel reports. The fund owned 12,453 shares of the investment management company’s stock after buying an additional 133 shares during the period. Pittenger & Anderson Inc.’s holdings in Goldman Sachs Group were worth $2,982,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. Macquarie Group Ltd. increased its position in shares of Goldman Sachs Group by 26.3% in the second quarter. Macquarie Group Ltd. now owns 112,955 shares of the investment management company’s stock worth $16,783,000 after buying an additional 23,529 shares in the last quarter. Evercore Wealth Management LLC increased its position in shares of Goldman Sachs Group by 10.7% in the second quarter. Evercore Wealth Management LLC now owns 2,180 shares of the investment management company’s stock worth $324,000 after buying an additional 210 shares in the last quarter. Telemus Capital LLC increased its position in shares of Goldman Sachs Group by 17.6% in the third quarter. Telemus Capital LLC now owns 2,647 shares of the investment management company’s stock worth $427,000 after buying an additional 397 shares in the last quarter. Foundry Partners LLC increased its position in shares of Goldman Sachs Group by 9.2% in the third quarter. Foundry Partners LLC now owns 96,185 shares of the investment management company’s stock worth $15,512,000 after buying an additional 8,079 shares in the last quarter. Finally, Triangle Securities Wealth Management increased its position in shares of Goldman Sachs Group by 1.5% in the third quarter. Triangle Securities Wealth Management now owns 7,363 shares of the investment management company’s stock worth $1,187,000 after buying an additional 109 shares in the last quarter. Institutional investors own 72.77% of the company’s stock.

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

Goldman Sachs Group Inc (NYSE:GS) opened at 243.94 on Monday. The firm has a market capitalization of $101.19 billion, a PE ratio of 14.98 and a beta of 1.50. The company has a 50-day moving average price of $245.50 and a 200-day moving average price of $212.23. Goldman Sachs Group Inc has a 12-month low of $138.20 and a 12-month high of $255.15.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 18th. The investment management company reported $5.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.82 by $0.26. Goldman Sachs Group had a net margin of 24.17% and a return on equity of 9.78%. The company earned $8.17 billion during the quarter, compared to the consensus estimate of $7.80 billion. During the same period last year, the firm earned $4.68 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts predict that Goldman Sachs Group Inc will post $19.17 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 2nd will be paid a dividend of $0.65 per share. The ex-dividend date is Tuesday, February 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.07%. Goldman Sachs Group’s dividend payout ratio (DPR) is 15.89%.

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A number of brokerages have recently issued reports on GS. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Goldman Sachs Group in a report on Tuesday, March 14th. Vetr downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $225.14 price target on the stock. in a report on Wednesday, December 7th. CLSA reiterated an “outperform” rating and issued a $275.00 price target on shares of Goldman Sachs Group in a report on Friday, January 13th. Macquarie reissued an “outperform” rating on shares of Goldman Sachs Group in a research report on Thursday, February 16th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group in a research report on Friday, December 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $221.18.

In other Goldman Sachs Group news, Director James A. /Dc/ Johnson sold 11,600 shares of Goldman Sachs Group stock in a transaction that occurred on Thursday, January 19th. The shares were sold at an average price of $233.99, for a total value of $2,714,284.00. Following the completion of the sale, the director now directly owns 11,600 shares of the company’s stock, valued at approximately $2,714,284. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John F.W. Rogers sold 32,325 shares of Goldman Sachs Group stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $250.06, for a total transaction of $8,083,189.50. Following the completion of the sale, the executive vice president now directly owns 94,458 shares of the company’s stock, valued at $23,620,167.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,590 shares of company stock valued at $30,926,594. Corporate insiders own 2.61% of the company’s stock.

About Goldman Sachs Group

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

5 Day Chart for NYSE:GS

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group Inc (NYSE:GS).

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