Kingsview Wealth Management LLC Acquires 38 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Kingsview Wealth Management LLC increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,184 shares of the investment management company’s stock after purchasing an additional 38 shares during the quarter. Kingsview Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $2,396,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GS. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at about $26,000. West Branch Capital LLC purchased a new position in The Goldman Sachs Group during the third quarter valued at approximately $30,000. DT Investment Partners LLC grew its stake in The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 33 shares in the last quarter. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $38,000. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GS has been the subject of a number of recent analyst reports. Oppenheimer reduced their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Bank of America upped their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Citigroup lifted their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $591.06.

The Goldman Sachs Group Trading Down 0.4 %

Shares of GS stock opened at $655.76 on Monday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The business has a 50-day moving average of $600.00 and a 200 day moving average of $546.84. The stock has a market capitalization of $203.58 billion, a PE ratio of 16.17, a P/E/G ratio of 0.91 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 1-year low of $375.20 and a 1-year high of $663.87.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter last year, the business earned $5.48 earnings per share. The business’s revenue was up 22.5% on a year-over-year basis. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the business’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 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. Over the last ninety days, insiders sold 31,475 shares of company stock worth $19,692,543. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group 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.