Key Client Fiduciary Advisors LLC Acquires 252 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Key Client Fiduciary Advisors LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 27.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,178 shares of the investment management company’s stock after buying an additional 252 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in The Goldman Sachs Group were worth $492,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. GoalVest Advisory LLC bought a new position in The Goldman Sachs Group in the 1st quarter worth $84,000. Future Financial Wealth Managment LLC purchased a new position in shares of The Goldman Sachs Group during the first quarter valued at about $84,000. RMR Wealth Builders raised its stake in The Goldman Sachs Group by 18.9% in the first quarter. RMR Wealth Builders now owns 3,069 shares of the investment management company’s stock worth $1,282,000 after buying an additional 487 shares in the last quarter. CFM Wealth Partners LLC boosted its position in The Goldman Sachs Group by 4.5% during the 1st quarter. CFM Wealth Partners LLC now owns 1,810 shares of the investment management company’s stock valued at $756,000 after acquiring an additional 78 shares in the last quarter. Finally, Mcdonald Partners LLC grew its holdings in shares of The Goldman Sachs Group by 11.3% during the 1st quarter. Mcdonald Partners LLC now owns 3,692 shares of the investment management company’s stock worth $1,542,000 after acquiring an additional 376 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded down $4.73 during trading on Tuesday, reaching $457.36. 1,633,135 shares of the company traded hands, compared to its average volume of 2,285,069. The firm has a 50 day simple moving average of $446.99 and a 200-day simple moving average of $409.11. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $471.48. The stock has a market capitalization of $147.48 billion, a PE ratio of 17.86, a P/E/G ratio of 0.91 and a beta of 1.39. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The firm’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.79 EPS. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 36.63 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is 42.95%.

Insiders Place Their Bets

In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the transaction, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on GS. Royal Bank of Canada lifted their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Edward Jones initiated coverage on shares of The Goldman Sachs Group in a research note on Tuesday, February 27th. They set a “buy” rating on the stock. Finally, Citigroup raised their target price on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $440.57.

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.