Addison Advisors LLC Has $222,000 Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Addison Advisors LLC lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 17.0% during the fourth quarter, Holdings Channel reports. The firm owned 387 shares of the investment management company’s stock after selling 79 shares during the period. Addison Advisors LLC’s holdings in The Goldman Sachs Group were worth $222,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Asset Management One Co. Ltd. boosted its holdings in shares of The Goldman Sachs Group by 2.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after buying an additional 5,541 shares during the last quarter. Franklin Street Advisors Inc. NC boosted its position in shares of The Goldman Sachs Group by 8.1% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock valued at $21,934,000 after acquiring an additional 2,863 shares during the period. Park Edge Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $703,000. Atlas Legacy Advisors LLC purchased a new position in The Goldman Sachs Group during the fourth quarter worth about $356,000. Finally, Nordea Investment Management AB increased its stake in The Goldman Sachs Group by 30.3% in the 4th quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock worth $122,453,000 after acquiring an additional 49,710 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $626.24 on Tuesday. 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, Inc. has a fifty-two week low of $381.42 and a fifty-two week high of $672.19. The firm has a market cap 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 has a 50 day moving average price of $612.38 and a 200-day moving average price of $559.91.

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 for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.48 EPS. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the company’s 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 completion of the transaction, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the sale, the director now directly owns 608,425 shares in the company, valued at $372,404,774. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock worth $19,692,543 in the last 90 days. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley boosted their price objective 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 target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Oppenheimer decreased their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $593.56.

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.