Apollon Wealth Management LLC Sells 144 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Apollon Wealth Management LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,060 shares of the investment management company’s stock after selling 144 shares during the quarter. Apollon Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $7,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cantor Fitzgerald Investment Advisors L.P. bought a new position in The Goldman Sachs Group during the 4th quarter worth $232,000. TFG Advisers LLC increased its stake in shares of The Goldman Sachs Group by 3.8% in the fourth quarter. TFG Advisers LLC now owns 3,735 shares of the investment management company’s stock valued at $2,138,000 after buying an additional 135 shares during the period. Vest Financial LLC raised its position in shares of The Goldman Sachs Group by 19.0% during the fourth quarter. Vest Financial LLC now owns 1,797 shares of the investment management company’s stock worth $1,029,000 after acquiring an additional 287 shares during the last quarter. Joel Isaacson & Co. LLC lifted its stake in shares of The Goldman Sachs Group by 2.3% in the fourth quarter. Joel Isaacson & Co. LLC now owns 9,532 shares of the investment management company’s stock worth $5,458,000 after acquiring an additional 217 shares during the period. Finally, Shepherd Financial Partners LLC boosted its holdings in The Goldman Sachs Group by 0.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 5,412 shares of the investment management company’s stock valued at $3,099,000 after acquiring an additional 21 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $655.76 on Friday. The firm has a market capitalization of $203.58 billion, a P/E ratio of 16.17, a P/E/G ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 52 week low of $375.20 and a 52 week high of $663.87. The stock has a 50 day moving average price of $599.07 and a two-hundred day moving average price of $545.29. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

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 (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the company posted $5.48 earnings per share. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. UBS Group upped their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Morgan Stanley increased their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Citigroup boosted their price objective on 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. Wells Fargo & Company raised their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Oppenheimer dropped their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $591.06.

Insider Buying and Selling

In other news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares in the company, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,475 shares of company stock worth $19,692,543. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group 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.