Prana Capital Management LP Has $54.31 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Prana Capital Management LP lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 53.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,842 shares of the investment management company's stock after selling 108,786 shares during the period. The Goldman Sachs Group accounts for approximately 2.6% of Prana Capital Management LP's portfolio, making the stock its 11th largest position. Prana Capital Management LP's holdings in The Goldman Sachs Group were worth $54,308,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GS. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Curio Wealth LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $30,000. Transce3nd LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on GS. Barclays cut their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research report on Friday, April 4th. Finally, Citigroup cut their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and a consensus target price of $593.40.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded up $3.01 during midday trading on Friday, hitting $618.91. 2,018,441 shares of the company's stock were exchanged, compared to its average volume of 2,385,126. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $672.19. The firm has a market cap of $189.91 billion, a P/E ratio of 15.26, a PEG ratio of 0.89 and a beta of 1.32. The stock's 50 day moving average price is $541.11 and its 200-day moving average price is $579.02. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period in the prior year, the business posted $11.58 EPS. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.94%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

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.