KFA Private Wealth Group LLC Takes $204,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

KFA Private Wealth Group LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 357 shares of the investment management company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GS. Susquehanna Fundamental Investments LLC acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at approximately $1,040,000. Ascent Group LLC increased its position in shares of The Goldman Sachs Group by 34.0% during the 2nd quarter. Ascent Group LLC now owns 1,477 shares of the investment management company’s stock worth $668,000 after purchasing an additional 375 shares during the last quarter. Creative Planning increased its position in shares of The Goldman Sachs Group by 6.7% during the 2nd quarter. Creative Planning now owns 74,446 shares of the investment management company’s stock worth $33,674,000 after purchasing an additional 4,661 shares during the last quarter. Magnolia Capital Advisors LLC increased its position in shares of The Goldman Sachs Group by 159.8% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 3,991 shares of the investment management company’s stock worth $1,805,000 after purchasing an additional 2,455 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of The Goldman Sachs Group by 25.8% during the 2nd quarter. NewEdge Advisors LLC now owns 18,696 shares of the investment management company’s stock worth $8,457,000 after purchasing an additional 3,833 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 0.7 %

Shares of The Goldman Sachs Group stock opened at $632.13 on Tuesday. The Goldman Sachs Group, Inc. has a one year low of $374.24 and a one year high of $645.54. 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 stock’s 50-day moving average is $591.21 and its 200 day moving average is $536.52. The firm has a market cap of $198.43 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 0.88 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.48 EPS. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.90%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GS. UBS Group boosted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Bank of America boosted their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Barclays boosted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $591.06.

Insiders Place Their Bets

In other news, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the sale, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at $34,358,685.04. This represents a 10.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,017 shares of company stock worth $19,655,538. Corporate insiders own 0.54% of the company’s stock.

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.