Hillsdale Investment Management Inc. Sells 1,730 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Hillsdale Investment Management Inc. trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 80.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 426 shares of the investment management company's stock after selling 1,730 shares during the period. Hillsdale Investment Management Inc.'s holdings in The Goldman Sachs Group were worth $244,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth approximately $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $29,000. Curio Wealth LLC purchased a new position in The Goldman Sachs Group during the fourth quarter valued at $30,000. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group during the third quarter worth about $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth about $34,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares in the company, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Carey Halio sold 1,545 shares of the company's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares of the company's stock, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock valued at $12,630,683 in the last 90 days. Company insiders own 0.54% of the company's stock.

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The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $6.06 during mid-day trading on Tuesday, reaching $586.16. 1,874,499 shares of the stock traded hands, compared to its average volume of 2,241,621. The Goldman Sachs Group, Inc. has a 12-month low of $387.12 and a 12-month high of $672.19. The business's 50-day moving average is $611.24 and its 200-day moving average is $569.86. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $182.90 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business'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 firm earned $5.48 EPS. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio is presently 29.59%.

Analyst Ratings Changes

A number of analysts have recently commented on GS shares. Citigroup dropped their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Barclays raised their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. UBS Group upped their price target on shares of 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, Wells Fargo & Company restated an "overweight" rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $593.27.

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.