Pacer Advisors Inc. Acquires 558 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Pacer Advisors Inc. increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,485 shares of the investment management company’s stock after purchasing an additional 558 shares during the quarter. Pacer Advisors Inc.’s holdings in The Goldman Sachs Group were worth $8,288,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of GS. BKM Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $32,000. Cambridge Trust Co. raised its stake in shares of The Goldman Sachs Group by 82.0% in the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 41 shares during the period. Truvestments Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. Pacific Center for Financial Services acquired a new position in shares of The Goldman Sachs Group during the first quarter worth about $33,000. Finally, First Capital Advisors Group LLC. bought a new position in shares of The Goldman Sachs Group during the second quarter worth about $34,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $415.21 on Thursday. The company has a market cap of $134.75 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.58 and a beta of 1.42. The firm’s fifty day moving average price is $387.82 and its two-hundred day moving average price is $357.13. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $416.76. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.76 and a quick ratio of 0.76.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share for the quarter, beating the consensus estimate of $3.62 by $1.86. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The firm had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the firm earned $3.32 EPS. The business’s revenue was up 6.9% on a year-over-year basis. Equities analysts expect that The Goldman Sachs Group, Inc. will post 32.6 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 29th will be paid a $2.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $11.00 annualized dividend and a yield of 2.65%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 48.20%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the completion of the sale, the chief accounting officer now owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,300 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the transaction, the chief accounting officer now owns 11,463 shares in the company, valued at approximately $4,357,659.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold a total of 38,907 shares of company stock valued at $15,080,021 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and set a $440.00 price target on shares of The Goldman Sachs Group in a research report on Wednesday, January 17th. BMO Capital Markets lifted their price target on shares of The Goldman Sachs Group from $357.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, January 18th. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. Edward Jones started coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $390.00 target price on shares of The Goldman Sachs Group in a report on Wednesday. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $407.75.

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.