KFA Private Wealth Group LLC Purchases New Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

KFA Private Wealth Group LLC purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 357 shares of the investment management company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GS. Revolve Wealth Partners LLC increased its position in The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares during the last quarter. Sterling Investment Counsel LLC increased its position in The Goldman Sachs Group by 5.1% in the fourth quarter. Sterling Investment Counsel LLC now owns 450 shares of the investment management company’s stock worth $258,000 after buying an additional 22 shares during the last quarter. YHB Investment Advisors Inc. increased its position in The Goldman Sachs Group by 2.6% in the fourth quarter. YHB Investment Advisors Inc. now owns 10,444 shares of the investment management company’s stock worth $5,980,000 after buying an additional 260 shares during the last quarter. BankPlus Wealth Management LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth $258,000. Finally, Nilsine Partners LLC increased its position in The Goldman Sachs Group by 56.6% in the fourth quarter. Nilsine Partners LLC now owns 5,079 shares of the investment management company’s stock worth $2,908,000 after buying an additional 1,835 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GS has been the subject of a number of analyst reports. 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 report on Tuesday, January 21st. Citigroup raised their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Barclays raised their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Finally, Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the sale, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. The trade was a 15.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,017 shares of company stock valued at $19,655,538 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Down 0.7 %

GS opened at $632.13 on Tuesday. The company has a market cap of $198.43 billion, a P/E ratio of 15.59, a P/E/G ratio of 0.88 and a beta of 1.38. The business’s 50-day moving average price is $591.21 and its 200-day moving average price is $536.52. 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 12 month low of $374.24 and a 12 month high of $645.54.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.48 EPS. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.90%. The Goldman Sachs Group’s dividend payout ratio 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.