Adell Harriman & Carpenter Inc. Sells 432 Shares of The Goldman Sachs Group, Inc. $GS

Adell Harriman & Carpenter Inc. lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 21,305 shares of the investment management company’s stock after selling 432 shares during the period. The Goldman Sachs Group makes up approximately 1.0% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 29th biggest position. Adell Harriman & Carpenter Inc.’s holdings in The Goldman Sachs Group were worth $15,079,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dogwood Wealth Management LLC grew its stake in shares of The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after buying an additional 36 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of The Goldman Sachs Group during the first quarter worth $25,000. American Capital Advisory LLC bought a new stake in shares of The Goldman Sachs Group during the first quarter worth $29,000. Ridgewood Investments LLC grew its stake in shares of The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after buying an additional 17 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the second quarter worth $39,000. Institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $750.51, for a total value of $6,754,590.00. Following the completion of the sale, the chief operating officer directly owned 106,268 shares of the company’s stock, valued at approximately $79,755,196.68. This represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Down 1.2%

NYSE:GS opened at $782.59 on Thursday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The firm has a 50-day moving average of $771.43 and a 200-day moving average of $687.54. The company has a market cap of $236.90 billion, a PE ratio of 15.90, a PEG ratio of 1.45 and a beta of 1.42. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping the consensus estimate of $10.27 by $1.98. The company had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted $8.40 earnings per share. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 32.50%.

Analysts Set New Price Targets

GS has been the topic of several recent analyst reports. HSBC boosted their target price on shares of The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Citizens Jmp reiterated a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, UBS Group upped their price objective on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $779.50.

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.