Kingsman Wealth Management Inc. Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Kingsman Wealth Management Inc. bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,348 shares of the investment management company's stock, valued at approximately $5,107,000. The Goldman Sachs Group makes up approximately 3.7% of Kingsman Wealth Management Inc.'s investment portfolio, making the stock its 7th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of GS. American Capital Advisory LLC acquired a new stake in The Goldman Sachs Group in the first quarter valued at approximately $29,000. Godsey & Gibb Inc. lifted its position in 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 valued at $30,000 after purchasing an additional 34 shares during the period. Transce3nd LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at $31,000. Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group in the fourth quarter valued at $31,000. Finally, Lowe Wealth Advisors LLC increased its holdings in The Goldman Sachs Group by 326.7% in the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock valued at $35,000 after buying an additional 49 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price 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. HSBC restated a "reduce" rating and issued a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus target price of $660.00.

The Goldman Sachs Group Stock Performance

GS traded down $1.97 during trading on Monday, hitting $706.29. The stock had a trading volume of 2,002,712 shares, compared to its average volume of 2,364,879. The firm has a market cap of $216.72 billion, a PE ratio of 15.61, a P/E/G ratio of 0.94 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $726.00. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26. The company has a 50 day simple moving average of $647.01 and a 200-day simple moving average of $601.27.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $13.53 billion. During the same quarter last year, the company posted $8.62 earnings per share. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be issued a $4.00 dividend. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date is Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a yield of 2.27%. The Goldman Sachs Group's dividend payout ratio is 26.44%.

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.