PKS Advisory Services LLC Takes $269,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

PKS Advisory Services LLC purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 470 shares of the investment management company’s stock, valued at approximately $269,000.

A number of other institutional investors also recently bought and sold shares of GS. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $26,000. Asset Planning Inc purchased a new stake in The Goldman Sachs Group in the fourth quarter worth $29,000. Curio Wealth LLC bought a new position in The Goldman Sachs Group in the fourth quarter worth $30,000. Whipplewood Advisors LLC purchased a new position in The Goldman Sachs Group during the fourth quarter valued at $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $37,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $586.16 on Wednesday. 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 50 day moving average price of $611.53 and a 200-day moving average price of $570.61. The Goldman Sachs Group, Inc. has a 52 week low of $387.12 and a 52 week high of $672.19. The firm has a market capitalization of $182.90 billion, a PE ratio of 14.46, a P/E/G ratio of 0.89 and a beta of 1.37.

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

The Goldman Sachs Group Announces Dividend

The company also recently announced 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. This represents a $12.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director Kevin R. Johnson purchased 2,400 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were acquired at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the transaction, the director now owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the transaction, the insider now owns 9,589 shares in the company, valued at $6,086,042.41. This represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,925 shares of company stock valued at $12,630,683. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent research reports. UBS Group lifted their price target on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Barclays lifted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Morgan Stanley dropped their target price on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Finally, Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $593.27.

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.