Key Client Fiduciary Advisors LLC Has $492,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Client Fiduciary Advisors LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 27.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,178 shares of the investment management company’s stock after acquiring an additional 252 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in The Goldman Sachs Group were worth $492,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. First United Bank & Trust bought a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $26,000. Versant Capital Management Inc raised its stake in The Goldman Sachs Group by 106.3% during the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. Pineridge Advisors LLC acquired a new position in The Goldman Sachs Group during the 4th quarter valued at $29,000. Truvestments Capital LLC grew its position in The Goldman Sachs Group by 88.0% in the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Finally, BKM Wealth Management LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $32,000. 71.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GS. Bank of America raised their price objective on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. HSBC boosted their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. BMO Capital Markets upped their target price on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada raised their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average target price of $440.57.

Insider Buying and Selling

In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the transaction, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the transaction, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.

The Goldman Sachs Group Trading Down 1.0 %

GS stock traded down $4.73 during trading on Tuesday, hitting $457.36. The company had a trading volume of 1,633,135 shares, compared to its average volume of 2,285,069. The stock has a market cap of $147.48 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 0.91 and a beta of 1.39. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The firm has a 50-day moving average price of $446.99 and a 200-day moving average price of $409.11. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $471.48.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.79 earnings per share. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 36.63 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is 42.95%.

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.