Annex Advisory Services LLC Lowers Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Annex Advisory Services LLC lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 19.9% in the fourth quarter, Holdings Channel reports. The institutional investor 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 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Semmax Financial Advisors Inc. acquired a new position in The Goldman Sachs Group during the second quarter worth $26,000. West Branch Capital LLC purchased a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at about $30,000. DT Investment Partners LLC lifted its stake in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the period. Truvestments Capital LLC purchased a new stake in The Goldman Sachs Group during the third quarter worth about $34,000. Finally, Country Trust Bank acquired a new position in The Goldman Sachs Group during the third quarter worth about $37,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity

In other news, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now owns 8,489 shares in the company, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now 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 sold 20,940 shares of company stock valued at $12,656,179 in the last ninety days. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GS. Citigroup lifted their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. JMP Securities upped their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Evercore ISI lifted their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Morgan Stanley increased their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Barclays upped 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. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $589.19.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $626.84 on Monday. The stock has a fifty day moving average price of $587.22 and a 200 day moving average price of $530.29. 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 52 week low of $372.07 and a 52 week high of $627.00. The firm has a market capitalization of $196.77 billion, a P/E ratio of 18.39, a PEG ratio of 0.66 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 analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the company posted $5.48 EPS. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.91%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

The Goldman Sachs Group 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.