Kestra Private Wealth Services LLC Has $13.66 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Kestra Private Wealth Services LLC boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 24,995 shares of the investment management company's stock after buying an additional 2,856 shares during the period. Kestra Private Wealth Services LLC's holdings in The Goldman Sachs Group were worth $13,655,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Mascagni Wealth Management Inc. purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $31,000. American Capital Advisory LLC purchased a new stake in shares of The Goldman Sachs Group during the first quarter valued at approximately $29,000. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Godsey & Gibb Inc. grew its position in shares of The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after buying an additional 34 shares in the last quarter. Finally, Lowe Wealth Advisors LLC grew its position in shares of The Goldman Sachs Group by 326.7% during the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock worth $35,000 after buying an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded down $0.58 during midday trading on Monday, hitting $707.68. The company had a trading volume of 1,154,807 shares, compared to its average volume of 2,361,721. The business's 50 day simple moving average is $647.01 and its two-hundred day simple moving average is $601.27. The stock has a market cap of $217.15 billion, a PE ratio of 15.59, a P/E/G ratio of 0.94 and a beta of 1.35. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.12 and a quick ratio of 0.68. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The firm had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the previous year, the company earned $8.62 earnings per share. The business's revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a $4.00 dividend. This represents a $16.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, August 29th. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's payout ratio is currently 26.44%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GS. Barclays decreased 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 research report on Tuesday, April 15th. Citigroup decreased their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Keefe, Bruyette & Woods lifted their price objective on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a "market perform" rating in a report on Thursday. JMP Securities reaffirmed a "market perform" rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, 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. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $649.29.

The Goldman Sachs Group 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.