Kingswood Wealth Advisors LLC Reduces Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Kingswood Wealth Advisors LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 61.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,452 shares of the investment management company’s stock after selling 7,160 shares during the period. Kingswood Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,550,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. West Branch Capital LLC purchased a new stake in The Goldman Sachs Group in the third quarter worth $30,000. DT Investment Partners LLC increased its stake in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after buying an additional 33 shares during the period. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group during the 3rd quarter valued at about $34,000. Country Trust Bank purchased a new stake in The Goldman Sachs Group in the 3rd quarter valued at about $37,000. Finally, Hershey Financial Advisers LLC bought a new position in The Goldman Sachs Group in the 2nd quarter worth about $38,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Down 0.4 %

GS stock opened at $636.80 on Monday. The stock has a market capitalization of $199.90 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 52 week low of $374.24 and a 52 week high of $645.54. 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 firm has a 50 day moving average of $591.21 and a 200 day moving average of $536.11.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data 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 net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the firm posted $5.48 earnings per share. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Bank of America boosted their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 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 research report on Thursday, January 16th. JPMorgan Chase & Co. lifted 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. UBS Group increased their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Finally, Citigroup boosted their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $591.06.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,017 shares of company stock valued at $19,655,538 over the last quarter. 0.54% of the stock is currently owned by company insiders.

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.