The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Asset Dedication LLC

Asset Dedication LLC decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 25.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,804 shares of the investment management company’s stock after selling 2,617 shares during the quarter. Asset Dedication LLC’s holdings in The Goldman Sachs Group were worth $4,469,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Sumitomo Life Insurance Co. boosted its holdings in shares of The Goldman Sachs Group by 598.4% in the 4th quarter. Sumitomo Life Insurance Co. now owns 25,441 shares of the investment management company’s stock valued at $14,568,000 after acquiring an additional 21,798 shares during the last quarter. Foster Group Inc. purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $253,000. Fulton Breakefield Broenniman LLC boosted its holdings in shares of The Goldman Sachs Group by 7.3% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 753 shares of the investment management company’s stock valued at $431,000 after acquiring an additional 51 shares during the last quarter. Genesee Capital Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company’s stock valued at $1,024,000 after acquiring an additional 17 shares during the last quarter. Finally, BSW Wealth Partners boosted its holdings in shares of The Goldman Sachs Group by 7.7% in the 4th quarter. BSW Wealth Partners now owns 1,471 shares of the investment management company’s stock valued at $842,000 after acquiring an additional 105 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the transaction, the executive vice president now owns 57,614 shares in the company, valued at $34,358,685.04. The trade was a 10.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group 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 completion of the transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,657 shares of company stock valued at $21,973,272. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $637.71 on Wednesday. The company has a 50-day moving average price of $593.22 and a 200 day moving average price of $538.70. 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 $374.24 and a 12-month high of $645.54. The stock has a market cap of $200.18 billion, a P/E ratio of 15.73, a PEG ratio of 0.88 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same quarter last year, the firm posted $5.48 earnings per share. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 earnings per share 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 1.88%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GS shares. UBS Group increased their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Morgan Stanley increased their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Citigroup increased their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

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.