Kingstone Capital Partners Texas LLC Invests $2.69 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

Kingstone Capital Partners Texas LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,689 shares of the investment management company's stock, valued at approximately $2,685,000. The Goldman Sachs Group makes up approximately 2.2% of Kingstone Capital Partners Texas LLC's investment portfolio, making the stock its 17th biggest position.

Several other large investors have also modified their holdings of the stock. Jackson Grant Investment Advisers Inc. grew its position in The Goldman Sachs Group by 10.9% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company's stock worth $93,000 after buying an additional 16 shares during the last quarter. Ledyard National Bank lifted its holdings in shares of The Goldman Sachs Group by 3.4% in the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock valued at $278,000 after purchasing an additional 16 shares in the last quarter. Seelaus Asset Management LLC grew its holdings in shares of The Goldman Sachs Group by 2.5% during the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock valued at $378,000 after buying an additional 16 shares in the last quarter. Pointe Capital Management LLC raised its position in The Goldman Sachs Group by 1.0% during the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock valued at $951,000 after buying an additional 16 shares during the period. Finally, Genesee Capital Advisors LLC increased its position in The Goldman Sachs Group by 1.0% in the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company's stock worth $1,024,000 after purchasing an additional 17 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Buying and Selling

In related news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Trading Down 0.7%

Shares of The Goldman Sachs Group stock traded down $4.43 during trading on Thursday, hitting $604.02. 1,034,807 shares of the company were exchanged, compared to its average volume of 2,376,159. 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 firm has a market capitalization of $185.34 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The firm's fifty day moving average price is $549.94 and its 200 day moving average price is $582.22. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter in the previous year, the company earned $11.58 earnings per share. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Analyst Ratings Changes

GS has been the subject of several recent research reports. JMP Securities lowered their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a report on Friday, April 4th. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Finally, Barclays dropped their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $593.40.

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.