The Goldman Sachs Group, Inc. $GS Shares Acquired by Krilogy Financial LLC

Krilogy Financial LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 27.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,137 shares of the investment management company’s stock after buying an additional 681 shares during the period. Krilogy Financial LLC’s holdings in The Goldman Sachs Group were worth $2,823,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Dagco Inc. acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $25,000. Garton & Associates Financial Advisors LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $26,000. Manning & Napier Advisors LLC raised its holdings in The Goldman Sachs Group by 287.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. Lifetime Wealth Management P.C. acquired a new stake in The Goldman Sachs Group in the fourth quarter worth approximately $29,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in The Goldman Sachs Group during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the sale, the chief financial officer owned 31,070 shares in the company, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alex S. Golten sold 1,116 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the sale, the insider directly owned 2,578 shares of the company’s stock, valued at $2,413,472.04. This represents a 30.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 33,681 shares of company stock worth $31,737,875. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $1,076.59 on Thursday. The company has a market capitalization of $317.60 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.42 and a beta of 1.30. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a fifty day moving average of $990.84 and a 200-day moving average of $926.07. The Goldman Sachs Group, Inc. has a one year low of $660.78 and a one year high of $1,125.00.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to analysts’ expectations of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm posted $14.12 EPS. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 59.6 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be paid a $4.50 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.89%.

Analysts Set New Price Targets

A number of research firms have recently commented on GS. CICC Research boosted their price objective on The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Jefferies Financial Group decreased their target price on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a research note on Monday, April 6th. BMO Capital Markets lifted their target price on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a report on Monday, April 20th. Royal Bank Of Canada reiterated a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Finally, Bank of America reduced their price objective on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Nine research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $958.41.

View Our Latest Report on GS

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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