Addison Advisors LLC Sells 79 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Addison Advisors LLC reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 387 shares of the investment management company’s stock after selling 79 shares during the quarter. Addison Advisors LLC’s holdings in The Goldman Sachs Group were worth $222,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GS. Stephens Consulting LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP bought a new position in The Goldman Sachs Group in the third quarter valued at approximately $38,000. Finally, JDM Financial Group LLC acquired a new position in The Goldman Sachs Group during the third quarter valued at approximately $42,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.1 %

NYSE GS opened at $626.24 on Tuesday. The firm has a market capitalization of $195.41 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The business’s 50-day moving average price is $612.38 and its two-hundred day moving average price is $559.91. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 12 month low of $381.42 and a 12 month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.48 earnings per share. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Analyst Ratings Changes

GS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $680.00 to $720.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Finally, Barclays lifted their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus price target of $593.56.

Insider Transactions at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. This represents a 43.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, the treasurer now directly owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock worth $19,692,543 over the last three months. 0.57% of the stock is owned by company insiders.

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.