Knights of Columbus Asset Advisors LLC Boosts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Knights of Columbus Asset Advisors LLC increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 366.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,394 shares of the investment management company's stock after purchasing an additional 8,166 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in The Goldman Sachs Group were worth $5,952,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GS. Stephens Consulting LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Curio Wealth LLC purchased a new position in The Goldman Sachs Group during the 4th quarter valued at $30,000. Whipplewood Advisors LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Buying and Selling

In other news, Treasurer Carey Halio sold 3,640 shares of the firm's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the transaction, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares of the company's stock, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 in the last three months. Corporate insiders own 0.54% of the company's stock.

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The Goldman Sachs Group Stock Up 0.6 %

NYSE GS traded up $3.68 on Tuesday, hitting $583.78. The stock had a trading volume of 723,911 shares, compared to its average volume of 2,239,391. The business's fifty day moving average price is $611.24 and its 200 day moving average price is $569.86. The stock has a market cap of $182.16 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 52-week low of $387.12 and a 52-week high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the business earned $5.48 EPS. The firm's revenue for the quarter was up 22.5% on a year-over-year basis. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current 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 given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's payout ratio is currently 29.59%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GS. UBS Group boosted 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 note on Tuesday, January 21st. Hsbc Global Res cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th. HSBC lowered shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and raised their target price for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Morgan Stanley lowered their price target on The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $593.27.

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.