Kestra Advisory Services LLC Acquires 8,511 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Kestra Advisory Services LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,286 shares of the investment management company’s stock after purchasing an additional 8,511 shares during the quarter. Kestra Advisory Services LLC’s holdings in The Goldman Sachs Group were worth $37,384,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $29,000. Truvestments Capital LLC bought a new stake in shares of The Goldman Sachs Group during the third quarter worth $34,000. Whipplewood Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $37,000. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on GS shares. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Citigroup upped their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Finally, HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $594.27.

The Goldman Sachs Group Stock Up 3.3 %

GS opened at $542.31 on Friday. The business’s fifty day simple moving average is $612.79 and its 200 day simple moving average is $566.37. The Goldman Sachs Group, Inc. has a 52 week low of $383.41 and a 52 week high of $672.19. The stock has a market cap of $169.22 billion, a PE ratio of 13.37, a P/E/G ratio of 0.89 and a beta of 1.37. 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 posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.48 earnings per share. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.21%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Transactions at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction that occurred 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 directly owns 9,589 shares in the company, valued at approximately $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 accessible through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group 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 transaction, the insider now owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. 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.