Kentucky Retirement Systems Insurance Trust Fund Has $4.79 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Kentucky Retirement Systems Insurance Trust Fund decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 41.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,776 shares of the investment management company's stock after selling 6,151 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in The Goldman Sachs Group were worth $4,794,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock valued at $3,761,576,000 after buying an additional 161,500 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of The Goldman Sachs Group by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company's stock valued at $3,524,669,000 after buying an additional 112,696 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of The Goldman Sachs Group by 63,864.7% in the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after buying an additional 3,970,467 shares during the last quarter. FMR LLC raised its holdings in shares of The Goldman Sachs Group by 23.7% in the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock valued at $2,053,614,000 after buying an additional 687,711 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of The Goldman Sachs Group by 15.0% in the fourth quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock valued at $1,885,454,000 after buying an additional 428,502 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded up $6.47 during mid-day trading on Monday, reaching $647.27. The company had a trading volume of 2,017,969 shares, compared to its average volume of 2,374,092. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $198.61 billion, a P/E ratio of 15.02, a P/E/G ratio of 0.87 and a beta of 1.32. The stock's 50-day simple moving average is $581.78 and its 200-day simple moving average is $584.30.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period in the prior year, the business earned $11.58 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.85%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.

Analyst Ratings Changes

GS has been the subject of a number of research reports. Citigroup reduced their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Morgan Stanley increased their price target on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a report on Monday. JPMorgan Chase & Co. cut their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Finally, Barclays cut their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $595.67.

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 bought 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 directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by company insiders.

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.