The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 108.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,270 shares of the investment management company's stock after purchasing an additional 4,818 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in The Goldman Sachs Group were worth $5,076,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GS. Curio Wealth LLC purchased a new position in The Goldman Sachs Group during the fourth quarter worth $30,000. Godsey & Gibb Inc. increased 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 worth $30,000 after buying an additional 34 shares in the last quarter. Transce3nd LLC purchased a new position in The Goldman Sachs Group during the fourth quarter worth $31,000. Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group during the fourth quarter worth $31,000. Finally, Whipplewood Advisors LLC purchased a new position in The Goldman Sachs Group during the fourth quarter worth $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Wall Street Zen downgraded The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Finally, Royal Bank Of Canada dropped their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

GS stock opened at $624.30 on Wednesday. The stock has a 50-day moving average price of $573.58 and a two-hundred day moving average price of $583.63. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The company has a market cap of $191.56 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 0.85 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results 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 Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the previous year, the business earned $11.58 earnings per share. As a group, research 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 declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

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.

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