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

Kingsview Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.9% in the fourth quarter, according to its most recent Form 13F filing 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 period. Kingsview Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $2,396,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cantor Fitzgerald Investment Advisors L.P. bought a new position in The Goldman Sachs Group during the 4th quarter valued at approximately $232,000. TFG Advisers LLC grew its stake in shares of The Goldman Sachs Group by 3.8% in the fourth quarter. TFG Advisers LLC now owns 3,735 shares of the investment management company’s stock worth $2,138,000 after acquiring an additional 135 shares during the last quarter. Vest Financial LLC increased its holdings in shares of The Goldman Sachs Group by 19.0% during the fourth quarter. Vest Financial LLC now owns 1,797 shares of the investment management company’s stock valued at $1,029,000 after acquiring an additional 287 shares in the last quarter. Joel Isaacson & Co. LLC raised its position in shares of The Goldman Sachs Group by 2.3% in the 4th quarter. Joel Isaacson & Co. LLC now owns 9,532 shares of the investment management company’s stock worth $5,458,000 after purchasing an additional 217 shares during the last quarter. Finally, Shepherd Financial Partners LLC boosted its stake in The Goldman Sachs Group by 0.4% in the 4th quarter. Shepherd Financial Partners LLC now owns 5,412 shares of the investment management company’s stock worth $3,099,000 after purchasing an additional 21 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 0.4 %

GS opened at $655.76 on Monday. The Goldman Sachs Group, Inc. has a 1-year low of $375.20 and a 1-year high of $663.87. The firm’s 50 day simple moving average is $600.00 and its two-hundred day simple moving average is $546.84. 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 company has a market capitalization of $203.58 billion, a PE ratio of 16.17, a PEG ratio of 0.91 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share 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 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 quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.48 earnings per share. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed 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 is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.83%. The Goldman Sachs Group’s payout ratio is 29.59%.

Analysts Set New Price Targets

A number of research firms have weighed in on GS. Bank of America raised their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company increased their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Barclays boosted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock 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 The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,475 shares of company stock valued at $19,692,543 over the last 90 days. Company insiders own 0.54% of the company’s stock.

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.