Kentucky Retirement Systems Insurance Trust Fund Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Kentucky Retirement Systems Insurance Trust Fund lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 59.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,927 shares of the investment management company's stock after purchasing an additional 5,577 shares during the period. The Goldman Sachs Group accounts for about 0.8% of Kentucky Retirement Systems Insurance Trust Fund's investment portfolio, making the stock its 24th biggest holding. Kentucky Retirement Systems Insurance Trust Fund's holdings in The Goldman Sachs Group were worth $8,547,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $29,000. DT Investment Partners LLC increased its stake in shares of The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company's stock worth $31,000 after acquiring an additional 33 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth about $34,000. Finally, Capital Performance Advisors LLP bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth about $38,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the transaction, the director now owns 608,425 shares of the company's stock, valued at $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock valued at $19,692,543 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of GS traded down $16.56 on Friday, reaching $625.70. The company's stock had a trading volume of 2,996,182 shares, compared to its average volume of 2,555,497. 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 stock has a market capitalization of $195.24 billion, a P/E ratio of 15.43, a PEG ratio of 0.93 and a beta of 1.39. The stock's 50 day simple moving average is $611.58 and its two-hundred day simple moving average is $557.71. The Goldman Sachs Group, Inc. has a 12-month low of $381.42 and a 12-month high of $672.19.

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

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GS. Barclays raised their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the company an "overweight" rating in a research note on Wednesday. Hsbc Global Res lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Finally, Morgan Stanley raised their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Moderate Buy" and an average price target of $593.56.

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.