PFG Investments LLC Trims Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

PFG Investments LLC reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 19.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,058 shares of the investment management company's stock after selling 1,007 shares during the quarter. PFG Investments LLC's holdings in The Goldman Sachs Group were worth $2,217,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GS. Pointe Capital Management LLC boosted its stake in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock valued at $951,000 after purchasing an additional 16 shares during the period. Blackston Financial Advisory Group LLC lifted its holdings in The Goldman Sachs Group by 2.1% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 831 shares of the investment management company's stock worth $476,000 after buying an additional 17 shares in the last quarter. Delta Financial Advisors LLC lifted its holdings in The Goldman Sachs Group by 0.3% in the 4th quarter. Delta Financial Advisors LLC now owns 6,861 shares of the investment management company's stock worth $3,929,000 after buying an additional 18 shares in the last quarter. Prestige Wealth Management Group LLC boosted its position in The Goldman Sachs Group by 1.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company's stock valued at $950,000 after buying an additional 18 shares during the last quarter. Finally, Wynn Capital LLC grew its stake in shares of The Goldman Sachs Group by 0.3% during the first quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock valued at $3,211,000 after acquiring an additional 20 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $640.30 on Friday. The company has a market cap of $196.47 billion, a P/E ratio of 14.86, a PEG ratio of 0.87 and a beta of 1.32. The business has a 50 day moving average of $581.78 and a two-hundred day moving average of $584.39. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The business had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the previous year, the firm posted $11.58 EPS. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.87%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares of the company's stock, valued at $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on GS. JMP Securities cut their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Evercore ISI cut their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Citigroup decreased their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Wall Street Zen cut shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $593.40.

The Goldman Sachs Group 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.