KG&L Capital Management LLC Buys 146 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

KG&L Capital Management LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.1% in the 4th quarter, HoldingsChannel reports. The fund owned 7,060 shares of the investment management company’s stock after purchasing an additional 146 shares during the quarter. The Goldman Sachs Group makes up 1.3% of KG&L Capital Management LLC’s investment portfolio, making the stock its 18th largest position. KG&L Capital Management LLC’s holdings in The Goldman Sachs Group were worth $4,006,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Anchor Investment Management LLC boosted its stake in shares of The Goldman Sachs Group by 10.0% in the second quarter. Anchor Investment Management LLC now owns 3,277 shares of the investment management company’s stock valued at $1,482,000 after buying an additional 298 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of The Goldman Sachs Group by 0.3% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 12,465 shares of the investment management company’s stock valued at $6,172,000 after acquiring an additional 33 shares during the period. Czech National Bank increased its position in shares of The Goldman Sachs Group by 4.7% in the third quarter. Czech National Bank now owns 64,331 shares of the investment management company’s stock worth $31,851,000 after purchasing an additional 2,882 shares during the period. Delta Financial Group Inc. raised its stake in The Goldman Sachs Group by 10.4% in the third quarter. Delta Financial Group Inc. now owns 1,069 shares of the investment management company’s stock valued at $529,000 after purchasing an additional 101 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in The Goldman Sachs Group by 27.5% during the third quarter. Harbor Investment Advisory LLC now owns 3,072 shares of the investment management company’s stock worth $1,521,000 after purchasing an additional 662 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GS. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Barclays lifted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. JMP Securities upped their price objective on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Evercore ISI lifted their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley increased their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $591.06.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $640.15 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $375.20 and a fifty-two week high of $650.00. 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 company has a 50 day simple moving average of $596.07 and a two-hundred day simple moving average of $541.17. The company has a market capitalization of $198.73 billion, a PE ratio of 15.79, a P/E/G ratio of 0.89 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last announced its 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 company 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 firm’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 company earned $5.48 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared 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. This represents a $12.00 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

Insider Activity at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction 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 owns 4,552 shares in the company, valued at $2,898,440.48. This represents a 44.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the sale, the executive vice president now owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. This trade represents a 10.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,865 shares of company stock valued at $25,286,862 in the last three months. Corporate insiders own 0.54% of the company’s stock.

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.