Kessler Investment Group LLC Sells 113 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Kessler Investment Group LLC reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,632 shares of the investment management company’s stock after selling 113 shares during the quarter. The Goldman Sachs Group comprises 1.0% of Kessler Investment Group LLC’s holdings, making the stock its 25th largest holding. Kessler Investment Group LLC’s holdings in The Goldman Sachs Group were worth $2,080,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GS. Creative Planning increased its holdings in The Goldman Sachs Group by 3.5% in the third quarter. Creative Planning now owns 77,025 shares of the investment management company’s stock worth $38,136,000 after purchasing an additional 2,579 shares in the last quarter. Swedbank AB grew its stake in The Goldman Sachs Group by 4.2% in the third quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after acquiring an additional 13,730 shares during the period. Good Life Advisors LLC grew its stake in The Goldman Sachs Group by 148.4% in the third quarter. Good Life Advisors LLC now owns 2,064 shares of the investment management company’s stock valued at $1,023,000 after acquiring an additional 1,233 shares during the period. Optimum Investment Advisors grew its stake in The Goldman Sachs Group by 1.0% in the third quarter. Optimum Investment Advisors now owns 2,585 shares of the investment management company’s stock valued at $1,280,000 after acquiring an additional 25 shares during the period. Finally, Trifecta Capital Advisors LLC grew its stake in The Goldman Sachs Group by 0.4% in the third quarter. Trifecta Capital Advisors LLC now owns 12,720 shares of the investment management company’s stock valued at $6,298,000 after acquiring an additional 51 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Up 1.9 %

GS stock opened at $661.56 on Friday. The stock’s fifty day simple moving average is $603.93 and its two-hundred day simple moving average is $550.81. 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 1-year low of $379.14 and a 1-year high of $663.87. The stock has a market cap of $205.38 billion, a P/E ratio of 16.31, a P/E/G ratio of 0.91 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the company posted $5.48 earnings per share. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 1.81%. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares in the company, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. 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 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Oppenheimer reduced their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Citigroup lifted their target price on 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. Finally, Keefe, Bruyette & Woods lifted their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

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.