Addison Advisors LLC Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Addison Advisors LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 414 shares of the investment management company’s stock after purchasing an additional 29 shares during the period. Addison Advisors LLC’s holdings in The Goldman Sachs Group were worth $160,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of GS. Hennessy Advisors Inc. grew its stake in The Goldman Sachs Group by 40.0% in the third quarter. Hennessy Advisors Inc. now owns 3,500 shares of the investment management company’s stock worth $1,132,000 after purchasing an additional 1,000 shares during the period. Aaron Wealth Advisors LLC increased its stake in shares of The Goldman Sachs Group by 5.0% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 796 shares of the investment management company’s stock worth $258,000 after acquiring an additional 38 shares in the last quarter. Handelsbanken Fonder AB lifted its position in The Goldman Sachs Group by 8.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 90,602 shares of the investment management company’s stock valued at $29,316,000 after acquiring an additional 7,047 shares during the period. Focused Investors LLC boosted its stake in The Goldman Sachs Group by 9.7% during the third quarter. Focused Investors LLC now owns 375,100 shares of the investment management company’s stock worth $121,371,000 after acquiring an additional 33,300 shares in the last quarter. Finally, TFG Advisers LLC grew its holdings in The Goldman Sachs Group by 14.5% in the third quarter. TFG Advisers LLC now owns 3,189 shares of the investment management company’s stock worth $1,032,000 after purchasing an additional 404 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $7.52 during trading hours on Friday, reaching $427.57. 2,322,674 shares of the stock traded hands, compared to its average volume of 2,404,007. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $428.53. The firm has a market capitalization of $138.76 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.35 and a beta of 1.43. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The company has a 50 day moving average price of $400.27 and a 200 day moving average price of $370.11.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter last year, the firm posted $8.79 earnings per share. The firm’s revenue was up 16.1% compared to the same quarter last year. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group boosted their price target on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. BMO Capital Markets boosted their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Barclays increased their price objective on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Citigroup lifted their target price on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $434.93.

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.