The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by KCM Investment Advisors LLC

KCM Investment Advisors LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,569 shares of the investment management company’s stock after purchasing an additional 163 shares during the period. KCM Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $3,762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $29,000. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $30,000. Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in The Goldman Sachs Group in the 4th quarter valued at about $37,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s 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 of the company’s stock, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 19,925 shares of company stock valued at $12,630,683. Insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on GS shares. Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Morgan Stanley decreased their price objective on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Citigroup dropped their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a report on Monday, March 24th. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research note on Friday. Finally, Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $589.19.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $469.57 on Friday. The company has a market cap of $146.52 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The company has a fifty day simple moving average of $597.54 and a two-hundred day simple moving average of $572.76. The Goldman Sachs Group, Inc. has a 52 week low of $387.12 and a 52 week high of $672.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

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

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued a $3.00 dividend. The ex-dividend date was Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.56%. The Goldman Sachs Group’s payout ratio is 29.59%.

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.