Kesler Norman & Wride LLC Takes $1.15 Million Position in The Goldman Sachs Group, Inc. $GS

Kesler Norman & Wride LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) during the third quarter, HoldingsChannel.com reports. The fund acquired 1,446 shares of the investment management company’s stock, valued at approximately $1,152,000.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after acquiring an additional 508 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after purchasing an additional 58 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of The Goldman Sachs Group by 14.5% during the 1st quarter. Acadian Asset Management LLC now owns 13,729 shares of the investment management company’s stock worth $7,497,000 after purchasing an additional 1,741 shares in the last quarter. Advisors Capital Management LLC raised its stake in shares of The Goldman Sachs Group by 2.5% during the 1st quarter. Advisors Capital Management LLC now owns 1,077 shares of the investment management company’s stock worth $589,000 after purchasing an additional 26 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its stake in shares of The Goldman Sachs Group by 6.7% in the first quarter. Jacobi Capital Management LLC now owns 2,042 shares of the investment management company’s stock valued at $1,116,000 after buying an additional 129 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.5%

Shares of GS stock opened at $939.04 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $961.69. The company has a market capitalization of $281.65 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.00 and a beta of 1.33. The firm has a 50 day moving average price of $852.31 and a two-hundred day moving average price of $783.16. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.40 earnings per share. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were issued a dividend of $4.00 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a dividend yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.50%.

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

Analysts Set New Price Targets

Several analysts have issued reports on GS shares. Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $855.00 to $970.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Daiwa Capital Markets raised their target price on shares of The Goldman Sachs Group from $823.00 to $927.00 and gave the company a “neutral” rating in a research note on Tuesday. HSBC set a $604.00 price target on The Goldman Sachs Group in a research report on Wednesday. BNP Paribas Exane raised their price objective on The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research report on Friday, October 17th. Finally, Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Five equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $849.61.

View Our Latest Stock Analysis on The Goldman Sachs Group

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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