Keybank National Association OH Increases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Keybank National Association OH raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,881 shares of the investment management company's stock after purchasing an additional 592 shares during the period. Keybank National Association OH's holdings in The Goldman Sachs Group were worth $5,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $34,000. Whipplewood Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $37,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. UBS Group increased their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Barclays increased their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Oppenheimer dropped their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Finally, Morgan Stanley increased their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $591.69.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares in the company, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin R. Johnson bought 2,400 shares of the company's stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the acquisition, the director now directly owns 2,400 shares in the company, valued at $1,485,648. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 over the last 90 days. Company insiders own 0.54% of the company's stock.

The Goldman Sachs Group Stock Up 2.2 %

Shares of NYSE GS opened at $594.05 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 52 week low of $381.42 and a 52 week high of $672.19. The firm has a 50-day moving average price of $617.59 and a 200 day moving average price of $564.89. The stock has a market capitalization of $185.37 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion during the quarter, compared to analysts' expectations of $12.36 billion. During the same quarter last year, the business earned $5.48 earnings per share. The business's revenue for the quarter was up 22.5% compared to the same quarter last year. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio (DPR) is 29.59%.

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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