3,034 Shares in Goldman Sachs Group Inc (NYSE:GS) Purchased by KCS Wealth Advisory

KCS Wealth Advisory purchased a new position in shares of Goldman Sachs Group Inc (NYSE:GS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,034 shares of the investment management company’s stock, valued at approximately $773,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Goldman Sachs Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after buying an additional 304,400 shares in the last quarter. Capital World Investors boosted its position in Goldman Sachs Group by 10.5% in the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after buying an additional 726,582 shares in the last quarter. Capital Research Global Investors boosted its position in Goldman Sachs Group by 4.0% in the second quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock valued at $1,535,195,000 after buying an additional 265,784 shares in the last quarter. Greenhaven Associates Inc. boosted its position in Goldman Sachs Group by 2.5% in the second quarter. Greenhaven Associates Inc. now owns 3,793,287 shares of the investment management company’s stock valued at $841,730,000 after buying an additional 91,200 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Goldman Sachs Group by 10.9% in the third quarter. Bank of New York Mellon Corp now owns 3,618,896 shares of the investment management company’s stock valued at $858,366,000 after buying an additional 356,956 shares in the last quarter. Institutional investors and hedge funds own 73.28% of the company’s stock.

A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 target price on the stock in a research report on Tuesday, December 19th. Vertical Group raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $295.00 price target (up previously from $265.00) on shares of Goldman Sachs Group in a research note on Wednesday, December 20th. Barclays raised their price target on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Goldman Sachs Group in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $254.67.

In other news, Chairman Lloyd C. Blankfein sold 20,794 shares of Goldman Sachs Group stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $238.38, for a total transaction of $4,956,873.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of Goldman Sachs Group stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,366,544.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,833 shares of company stock valued at $23,309,552. Insiders own 2.57% of the company’s stock.

Shares of Goldman Sachs Group Inc (NYSE GS) traded up $5.15 during midday trading on Friday, reaching $256.12. 4,641,298 shares of the company were exchanged, compared to its average volume of 3,605,739. 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 current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $96,610.00, a P/E ratio of 29.54, a PEG ratio of 0.91 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same period in the previous year, the firm posted $5.08 earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. analysts anticipate that Goldman Sachs Group Inc will post 21.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 34.60%.

ILLEGAL ACTIVITY WARNING: “3,034 Shares in Goldman Sachs Group Inc (NYSE:GS) Purchased by KCS Wealth Advisory” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2018/01/19/kcs-wealth-advisory-takes-773000-position-in-goldman-sachs-group-inc-gs.html.

Goldman Sachs Group Profile

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.

Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply