KMG Fiduciary Partners LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 16.1% in the fourth quarter, Holdings Channel reports. The fund owned 10,332 shares of the investment management company’s stock after buying an additional 1,433 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in The Goldman Sachs Group were worth $2,799,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Slow Capital Inc. bought a new stake in The Goldman Sachs Group in the third quarter worth $31,000. Crewe Advisors LLC grew its stake in shares of The Goldman Sachs Group by 42.8% in the 3rd quarter. Crewe Advisors LLC now owns 207 shares of the investment management company’s stock worth $42,000 after buying an additional 62 shares in the last quarter. Advisory Alpha LLC bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth about $45,000. West Oak Capital LLC purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at about $48,000. Finally, Founders Capital Management bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $73,000. 65.67% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on GS shares. Credit Suisse Group boosted their price objective on The Goldman Sachs Group from $262.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, December 11th. ValuEngine downgraded The Goldman Sachs Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 17th. Wells Fargo & Company restated a “buy” rating on shares of The Goldman Sachs Group in a research report on Monday, December 21st. UBS Group upgraded shares of The Goldman Sachs Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $220.00 to $245.00 in a research report on Wednesday, September 23rd. Finally, Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $273.00 to $291.00 and gave the stock an “underweight” rating in a report on Monday, December 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The Goldman Sachs Group presently has an average rating of “Buy” and an average target price of $275.67.

NYSE:GS traded up $0.21 during midday trading on Wednesday, hitting $302.42. The stock had a trading volume of 166,226 shares, compared to its average volume of 4,058,557. The stock has a 50-day moving average of $252.83 and a 200 day moving average of $216.58. The company has a market capitalization of $104.05 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.12 and a beta of 1.48. The Goldman Sachs Group, Inc. has a one year low of $130.85 and a one year high of $303.98. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.63.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 20th. The investment management company reported $9.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.57 by $4.11. The business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $9.40 billion. The Goldman Sachs Group had a return on equity of 11.23% and a net margin of 16.65%. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.79 EPS. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 19.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Tuesday, December 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 23.78%.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.

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

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