Carnegie Investment Counsel Has $2.86 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Carnegie Investment Counsel cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,988 shares of the investment management company’s stock after selling 837 shares during the quarter. Carnegie Investment Counsel’s holdings in The Goldman Sachs Group were worth $2,856,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Gateway Investment Advisers LLC grew its stake in The Goldman Sachs Group by 2.5% during the fourth quarter. Gateway Investment Advisers LLC now owns 4,163 shares of the investment management company’s stock worth $2,384,000 after purchasing an additional 103 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of The Goldman Sachs Group by 19.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,457 shares of the investment management company’s stock worth $2,552,000 after buying an additional 730 shares during the period. RMR Wealth Builders increased its stake in shares of The Goldman Sachs Group by 7.9% in the 4th quarter. RMR Wealth Builders now owns 3,899 shares of the investment management company’s stock valued at $2,232,000 after acquiring an additional 286 shares in the last quarter. HCR Wealth Advisors increased its stake in shares of The Goldman Sachs Group by 6.0% in the 4th quarter. HCR Wealth Advisors now owns 1,539 shares of the investment management company’s stock valued at $881,000 after acquiring an additional 87 shares in the last quarter. Finally, Pinnacle Bancorp Inc. lifted its position in shares of The Goldman Sachs Group by 27.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 141 shares of the investment management company’s stock valued at $81,000 after acquiring an additional 30 shares during the period. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. The trade was a 25.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the sale, the executive vice president now owns 57,614 shares in the company, valued at approximately $34,358,685.04. This trade represents a 10.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,940 shares of company stock worth $12,656,179. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Evercore ISI upped their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Barclays upped their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday. Oppenheimer lowered their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Citigroup raised their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $589.19.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $626.84 on Friday. The firm has a market cap of $196.77 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company’s 50 day moving average is $586.47 and its 200-day moving average is $528.71. The Goldman Sachs Group, Inc. has a 12-month low of $372.07 and a 12-month high of $627.00.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the previous year, the business earned $5.48 earnings per share. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 37.24 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 Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.91%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

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.