PDS Planning Inc Has $815,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

PDS Planning Inc grew its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,423 shares of the investment management company’s stock after buying an additional 22 shares during the quarter. PDS Planning Inc’s holdings in The Goldman Sachs Group were worth $815,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Axxcess Wealth Management LLC raised its position in shares of The Goldman Sachs Group by 5.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 13,638 shares of the investment management company’s stock valued at $7,809,000 after buying an additional 708 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in The Goldman Sachs Group by 96.3% during the 4th quarter. Tocqueville Asset Management L.P. now owns 32,868 shares of the investment management company’s stock worth $18,821,000 after purchasing an additional 16,125 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $112,000. Cozad Asset Management Inc. increased its position in The Goldman Sachs Group by 107.0% during the 4th quarter. Cozad Asset Management Inc. now owns 16,784 shares of the investment management company’s stock worth $9,611,000 after purchasing an additional 8,674 shares in the last quarter. Finally, Curio Wealth LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $30,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 1.9 %

NYSE:GS opened at $551.60 on Tuesday. The firm’s fifty day moving average is $612.14 and its 200-day moving average is $567.52. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 52 week low of $383.41 and a 52 week high of $672.19. The firm has a market cap of $172.12 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating 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 company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the firm posted $5.48 EPS. The company’s quarterly revenue was up 22.5% on a year-over-year basis. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the transaction, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. The trade was a 44.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were 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 in the company, valued at $4,047,349.55. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,925 shares of company stock worth $12,630,683 in the last quarter. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

GS has been the subject of a number of research analyst reports. Oppenheimer lowered their price objective on shares of 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. UBS Group upped 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. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Morgan Stanley lowered their price objective on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $594.27.

The Goldman Sachs Group Company Profile

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.