KLCM Advisors Inc. Buys New Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

KLCM Advisors Inc. bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 700 shares of the investment management company’s stock, valued at approximately $270,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $759,531,000. Morgan Stanley boosted its position in The Goldman Sachs Group by 40.0% in the 4th quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock valued at $2,038,425,000 after buying an additional 1,696,350 shares during the period. Moneta Group Investment Advisors LLC boosted its position in The Goldman Sachs Group by 168,772.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,244,589 shares of the investment management company’s stock valued at $427,367,000 after buying an additional 1,243,852 shares during the period. Congress Wealth Management LLC DE boosted its position in The Goldman Sachs Group by 27,076.5% in the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after buying an additional 650,918 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in The Goldman Sachs Group by 1,791.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 515,358 shares of the investment management company’s stock valued at $168,579,000 after buying an additional 488,109 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,907 shares of company stock worth $13,950,851. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Up 1.8 %

NYSE GS opened at $403.91 on Thursday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The firm has a market cap of $131.08 billion, a PE ratio of 15.77, a P/E/G ratio of 1.54 and a beta of 1.43. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $419.20. The firm’s fifty day moving average is $395.67 and its two-hundred day moving average is $365.35.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The Goldman Sachs Group’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business posted $8.79 earnings per share. Analysts expect that The Goldman Sachs Group, Inc. will post 32.76 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.72%. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GS. JMP Securities lifted their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price objective on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research report on Tuesday. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $333.00 to $449.00 in a research report on Tuesday, January 30th. Royal Bank of Canada lifted their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $434.93.

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.