Picton Mahoney Asset Management Invests $7.17 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

Picton Mahoney Asset Management purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,578 shares of the investment management company’s stock, valued at approximately $7,165,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BKM Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $32,000. Cambridge Trust Co. lifted its position in The Goldman Sachs Group by 82.0% during 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 boosted its stake in shares of The Goldman Sachs Group by 88.0% in the 3rd 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 during the last quarter. Signature Resources Capital Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $39,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on GS shares. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price for the company in a report on Tuesday, April 16th. Royal Bank of Canada upped their price objective on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a report on Tuesday, April 16th. Edward Jones started coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They set a “buy” rating on the stock. BMO Capital Markets upped their price target on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $440.57.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value 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 approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was 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 directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The disclosure for this sale can be found here. Insiders have sold a total of 29,330 shares of company stock valued at $11,713,578 in the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $3.15 during trading on Wednesday, hitting $446.95. 1,990,321 shares of the stock were exchanged, compared to its average volume of 2,363,222. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $448.02. The stock has a market capitalization of $145.05 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The company has a fifty day moving average price of $406.72 and a 200-day moving average price of $377.23. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm posted $8.79 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.46%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

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.