The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Cut by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,280 shares of the investment management company’s stock after selling 755 shares during the period. Pillar Pacific Capital Management LLC’s holdings in The Goldman Sachs Group were worth $8,776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GS. NEXT Financial Group Inc bought a new position in The Goldman Sachs Group in the third quarter worth about $161,000. Pinnacle Associates Ltd. lifted its holdings in The Goldman Sachs Group by 33.9% in the third quarter. Pinnacle Associates Ltd. now owns 44,472 shares of the investment management company’s stock worth $8,938,000 after acquiring an additional 11,256 shares during the last quarter. MAI Capital Management lifted its holdings in The Goldman Sachs Group by 85.6% in the third quarter. MAI Capital Management now owns 4,495 shares of the investment management company’s stock worth $903,000 after acquiring an additional 2,073 shares during the last quarter. Wells Trecaso Financial Group LLC lifted its holdings in The Goldman Sachs Group by 4.3% in the third quarter. Wells Trecaso Financial Group LLC now owns 18,957 shares of the investment management company’s stock worth $3,810,000 after acquiring an additional 790 shares during the last quarter. Finally, Clear Harbor Asset Management LLC bought a new position in The Goldman Sachs Group in the third quarter worth about $65,000. 68.05% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP John F.W. Rogers sold 10,000 shares of The Goldman Sachs Group stock in a transaction on Friday, February 19th. The shares were sold at an average price of $313.25, for a total value of $3,132,500.00. Also, CFO Stephen M. Scherr sold 20,000 shares of The Goldman Sachs Group stock in a transaction on Friday, February 19th. The stock was sold at an average price of $312.61, for a total transaction of $6,252,200.00. In the last ninety days, insiders sold 40,748 shares of company stock valued at $12,371,892. 0.60% of the stock is owned by company insiders.

Shares of NYSE:GS traded up $0.63 during trading on Tuesday, reaching $317.50. 95,901 shares of the company traded hands, compared to its average volume of 3,386,542. The firm has a fifty day simple moving average of $293.91 and a 200 day simple moving average of $235.62. The firm has a market cap of $109.24 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 0.65 and a beta of 1.50. The Goldman Sachs Group, Inc. has a 1-year low of $130.85 and a 1-year high of $320.56. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.63.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, January 18th. The investment management company reported $12.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.47 by $4.61. The Goldman Sachs Group had a net margin of 16.65% and a return on equity of 11.23%. The company had revenue of $11.74 billion during the quarter, compared to analyst estimates of $10.07 billion. During the same quarter last year, the business posted $4.69 EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 26.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 30th. Investors of record on Tuesday, March 2nd will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Monday, March 1st. The Goldman Sachs Group’s payout ratio is presently 23.78%.

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their price target on The Goldman Sachs Group from $307.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, January 20th. JMP Securities lifted their price target on The Goldman Sachs Group from $285.00 to $320.00 and gave the company an “outperform” rating in a report on Tuesday, January 12th. Barclays raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and set a $362.00 price target on the stock in a report on Monday, January 4th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $308.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, January 20th. Finally, Piper Sandler raised their price objective on shares of The Goldman Sachs Group from $270.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, January 11th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $302.77.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.

Further Reading: The role of implied volatility with call option volume

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS).

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.