Kestra Investment Management LLC Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Kestra Investment Management LLC bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 121 shares of the investment management company’s stock, valued at approximately $69,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stephens Consulting LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $26,000. Asset Planning Inc purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $29,000. DT Investment Partners LLC increased its position in shares of The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. Truvestments Capital LLC purchased a new stake in The Goldman Sachs Group during the 3rd quarter valued at $34,000. Finally, Capital Performance Advisors LLP bought a new stake in The Goldman Sachs Group in the third quarter worth $38,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on GS. UBS Group increased their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Morgan Stanley increased their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Barclays boosted their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $593.56.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Kevin R. Johnson purchased 2,400 shares of the stock in a transaction on Friday, January 17th. The stock was acquired at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the acquisition, the director now owns 2,400 shares in the company, valued at $1,485,648. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Sheara J. Fredman sold 2,034 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now owns 6,455 shares in the company, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock valued at $19,692,543 in the last 90 days. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $625.70 on Friday. The firm has a 50 day moving average of $611.58 and a 200 day moving average of $557.71. 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 company has a market capitalization of $195.24 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 0.93 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 52 week low of $381.42 and a 52 week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the company posted $5.48 EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

About The Goldman Sachs Group

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.