Kathmere Capital Management LLC Buys 138 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Kathmere Capital Management LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,468 shares of the investment management company’s stock after acquiring an additional 138 shares during the quarter. Kathmere Capital Management LLC’s holdings in The Goldman Sachs Group were worth $841,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Quest Partners LLC boosted its stake in shares of The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after buying an additional 63 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $27,000. American Century Companies Inc. increased its holdings in The Goldman Sachs Group by 2.1% in the 2nd quarter. American Century Companies Inc. now owns 86,108 shares of the investment management company’s stock worth $38,948,000 after acquiring an additional 1,747 shares in the last quarter. One Capital Management LLC bought a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $243,000. Finally, Moors & Cabot Inc. lifted its holdings in The Goldman Sachs Group by 3.5% during the second quarter. Moors & Cabot Inc. now owns 2,637 shares of the investment management company’s stock valued at $1,193,000 after purchasing an additional 88 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GS has been the subject of several recent analyst reports. JMP Securities upped their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Bank of America lifted their target price on 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. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price objective on shares of The Goldman Sachs Group from $570.00 to $686.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Oppenheimer dropped their target price 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. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average target price of $569.31.

The Goldman Sachs Group Trading Up 6.0 %

Shares of NYSE GS opened at $605.89 on Thursday. The stock has a market capitalization of $190.19 billion, a P/E ratio of 17.78, a PEG ratio of 0.85 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 1-year low of $372.07 and a 1-year high of $612.73. The business’s 50 day moving average is $585.67 and its two-hundred day moving average is $527.58. 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 Goldman Sachs Group (NYSE:GS) last released its quarterly 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 Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter in the prior year, the firm posted $5.48 EPS. The Goldman Sachs Group’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current year.

Insider Transactions at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the completion of the sale, the director now directly owns 608,425 shares of the company’s stock, valued at approximately $372,404,774. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,940 shares of company stock worth $12,656,179. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Company 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.