Kentucky Retirement Systems Sells 1,097 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Kentucky Retirement Systems trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,604 shares of the investment management company's stock after selling 1,097 shares during the quarter. Kentucky Retirement Systems' holdings in The Goldman Sachs Group were worth $11,256,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $30,000. Godsey & Gibb Inc. boosted its position in The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after buying an additional 34 shares in the last quarter. Transce3nd LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Mascagni Wealth Management Inc. acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $34,000. 71.21% of the stock is owned by institutional investors.

Insider Activity

In related news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on GS shares. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Citigroup cut their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday, April 7th. Wall Street Zen lowered shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Finally, 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 on the stock in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and a consensus target price of $593.40.

The Goldman Sachs Group Price Performance

GS stock opened at $640.30 on Friday. The firm has a market cap of $196.47 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 0.87 and a beta of 1.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The company's fifty day simple moving average is $581.78 and its 200 day simple moving average is $584.39.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (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 quarter in the previous year, the business earned $11.58 earnings per share. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.87%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

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.

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