KLP Kapitalforvaltning AS Has $107.16 Million Stock Position in The Goldman Sachs Group, Inc. $GS

KLP Kapitalforvaltning AS lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 134,563 shares of the investment management company’s stock after selling 1,600 shares during the period. KLP Kapitalforvaltning AS’s holdings in The Goldman Sachs Group were worth $107,159,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Winthrop Advisory Group LLC boosted its stake in The Goldman Sachs Group by 3.4% in the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock worth $303,000 after purchasing an additional 14 shares during the period. Avion Wealth lifted its holdings in shares of The Goldman Sachs Group by 31.1% in the second quarter. Avion Wealth now owns 59 shares of the investment management company’s stock valued at $41,000 after purchasing an additional 14 shares in the last quarter. KPP Advisory Services LLC boosted its position in shares of The Goldman Sachs Group by 2.1% in the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock worth $473,000 after buying an additional 14 shares during the period. FAS Wealth Partners Inc. grew its holdings in shares of The Goldman Sachs Group by 2.2% during the second quarter. FAS Wealth Partners Inc. now owns 653 shares of the investment management company’s stock valued at $462,000 after buying an additional 14 shares in the last quarter. Finally, Ignite Planners LLC raised its position in The Goldman Sachs Group by 4.2% during the third quarter. Ignite Planners LLC now owns 351 shares of the investment management company’s stock valued at $280,000 after buying an additional 14 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $955.05 on Wednesday. The business has a 50-day moving average of $843.27 and a two-hundred day moving average of $778.94. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $961.69. The stock has a market capitalization of $286.45 billion, a P/E ratio of 19.40, a P/E/G ratio of 1.11 and a beta of 1.33.

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

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were given a dividend of $4.00 per share. The ex-dividend date 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 payout ratio is currently 32.50%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Daiwa Capital Markets increased their target price on shares of The Goldman Sachs Group from $823.00 to $927.00 and gave the stock a “neutral” rating in a research report on Tuesday. HSBC lifted their target price on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Finally, BMO Capital Markets upped their price target on shares of The Goldman Sachs Group from $785.00 to $980.00 and gave the stock a “market perform” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $852.28.

Read Our Latest Report on GS

Key Stories Impacting The Goldman Sachs Group

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The Goldman Sachs Group Profile

(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.

See Also

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

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