KCS Wealth Advisory acquired a new position in shares of Goldman Sachs Group Inc (NYSE:GS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,034 shares of the investment management company’s stock, valued at approximately $773,000.
Other hedge funds also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its holdings in Goldman Sachs Group by 9.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock worth $21,810,000 after acquiring an additional 7,736 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in Goldman Sachs Group by 5.9% during the 3rd quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock worth $18,738,000 after acquiring an additional 4,390 shares during the last quarter. Quantbot Technologies LP grew its holdings in Goldman Sachs Group by 223.8% during the 2nd quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock worth $8,706,000 after acquiring an additional 27,121 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in Goldman Sachs Group by 29.9% during the 2nd quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock worth $4,545,000 after acquiring an additional 4,714 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its holdings in Goldman Sachs Group by 23.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock worth $180,000 after acquiring an additional 152 shares during the last quarter. Institutional investors and hedge funds own 73.27% of the company’s stock.
Shares of Goldman Sachs Group Inc (NYSE GS) traded up $1.90 during midday trading on Friday, reaching $257.03. 2,848,854 shares of the company traded hands, compared to its average volume of 2,688,889. The company has a market capitalization of $96,950.00, a price-to-earnings ratio of 13.35, a PEG ratio of 1.02 and a beta of 1.47. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week high of $262.14. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. The business had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. Goldman Sachs Group’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.88 earnings per share. equities analysts anticipate that Goldman Sachs Group Inc will post 19.02 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.17%. The ex-dividend date was Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio is presently 15.58%.
In related news, insider David M. Solomon sold 12,707 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $237.94, for a total transaction of $3,023,503.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,177 shares of company stock worth $32,435,160. 2.57% of the stock is owned by insiders.
A number of research firms have weighed in on GS. Keefe, Bruyette & Woods reissued a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group in a report on Thursday, October 19th. Zacks Investment Research lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. JPMorgan Chase & Co. set a $260.00 target price on shares of Goldman Sachs Group and gave the stock a “buy” rating in a report on Friday, September 15th. BMO Capital Markets reissued a “hold” rating and set a $202.00 target price on shares of Goldman Sachs Group in a report on Friday, October 6th. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $295.00 target price (up from $265.00) on shares of Goldman Sachs Group in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $251.90.
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About Goldman Sachs Group
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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