Adell Harriman & Carpenter Inc. Has $12.33 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Adell Harriman & Carpenter Inc. lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,537 shares of the investment management company’s stock after purchasing an additional 404 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in The Goldman Sachs Group were worth $12,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bank Pictet & Cie Europe AG acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $583,000. Blue Trust Inc. raised its position in The Goldman Sachs Group by 15.7% during the fourth quarter. Blue Trust Inc. now owns 3,478 shares of the investment management company’s stock valued at $1,992,000 after buying an additional 472 shares during the period. GFG Capital LLC acquired a new position in The Goldman Sachs Group during the fourth quarter valued at $214,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group during the fourth quarter valued at $29,000. Finally, Vicus Capital acquired a new position in The Goldman Sachs Group during the fourth quarter valued at $419,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now owns 3,545 shares of the company’s stock, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the sale, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock valued at $19,692,543 in the last 90 days. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on GS. JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley upped their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Barclays upped their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. UBS Group raised their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Finally, HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $591.06.

The Goldman Sachs Group Stock Up 1.9 %

Shares of GS stock opened at $661.56 on Friday. The stock’s 50 day simple moving average is $603.93 and its 200 day simple moving average is $550.81. 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 twelve month low of $379.14 and a twelve month high of $663.87. The company has a market capitalization of $205.38 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 0.91 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period last year, the business earned $5.48 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS 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. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

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.