Peregrine Asset Advisers Inc. Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Peregrine Asset Advisers Inc. raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 822 shares of the investment management company’s stock after purchasing an additional 31 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in The Goldman Sachs Group were worth $471,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $29,000. DT Investment Partners LLC lifted its position in The Goldman Sachs Group by 110.0% in the third 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 stake in shares of The Goldman Sachs Group during the third quarter valued at about $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GS. UBS Group increased their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Citigroup raised their price target 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. Wells Fargo & Company lifted their price objective on The Goldman Sachs Group from $680.00 to $720.00 and gave the company an “overweight” rating in a research note on Wednesday. Oppenheimer decreased their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $593.56.

Insider Buying and Selling

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 transaction of $1,275,338.34. Following the transaction, the chief accounting officer now 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock worth $19,692,543 over the last 90 days. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Trading Down 2.6 %

NYSE GS opened at $625.70 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $381.42 and a 52 week high of $672.19. The firm has a 50 day moving average of $611.58 and a two-hundred day moving average of $557.71. 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 stock has a market capitalization 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 (NYSE:GS) last issued its earnings results 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the previous year, the firm posted $5.48 earnings per share. The company’s revenue was up 22.5% compared to the same quarter last year. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

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.