The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Annex Advisory Services LLC

Annex Advisory Services LLC reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 19.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,582 shares of the investment management company’s stock after selling 3,615 shares during the period. Annex Advisory Services LLC’s holdings in The Goldman Sachs Group were worth $8,350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evanson Asset Management LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $204,000. Artemis Investment Management LLP boosted its holdings in The Goldman Sachs Group by 55.9% in the 4th quarter. Artemis Investment Management LLP now owns 204,265 shares of the investment management company’s stock worth $116,966,000 after buying an additional 73,237 shares during the last quarter. Liberty One Investment Management LLC increased its stake in The Goldman Sachs Group by 2.4% during the 4th quarter. Liberty One Investment Management LLC now owns 9,791 shares of the investment management company’s stock worth $5,607,000 after buying an additional 226 shares in the last quarter. Cadinha & Co. LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $18,459,000. Finally, Aaron Wealth Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 8.6% in the fourth quarter. Aaron Wealth Advisors LLC now owns 1,642 shares of the investment management company’s stock worth $940,000 after acquiring an additional 130 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GS shares. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America increased their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Citigroup boosted their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Finally, Evercore ISI lifted their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $589.19.

Insider Activity at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly 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 document filed with the SEC, which is available through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the transaction, the chief executive officer now owns 117,883 shares of the company’s stock, valued at $72,015,903.53. The trade was a 5.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,940 shares of company stock worth $12,656,179. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $626.84 on Monday. 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 firm has a market cap of $196.77 billion, a P/E ratio of 18.39, a P/E/G ratio of 0.66 and a beta of 1.38. The firm’s 50 day moving average price is $587.22 and its 200-day moving average price is $530.29. The Goldman Sachs Group, Inc. has a one year low of $372.07 and a one year high of $627.00.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates 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 business 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 firm posted $5.48 earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 35.21%.

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.