K.J. Harrison & Partners Inc Acquires 992 Shares of The Goldman Sachs Group, Inc. $GS

K.J. Harrison & Partners Inc grew its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 12.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,231 shares of the investment management company’s stock after purchasing an additional 992 shares during the period. The Goldman Sachs Group makes up approximately 1.0% of K.J. Harrison & Partners Inc’s holdings, making the stock its 23rd largest holding. K.J. Harrison & Partners Inc’s holdings in The Goldman Sachs Group were worth $7,194,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Harbor Capital Advisors Inc. acquired a new position in The Goldman Sachs Group during the third quarter worth $26,000. First PREMIER Bank bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth about $28,000. Corundum Trust Company INC bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth about $29,000. Elevation Wealth Partners LLC increased its position in shares of The Goldman Sachs Group by 100.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after purchasing an additional 20 shares in the last quarter. Finally, Clearstead Trust LLC bought a new position in The Goldman Sachs Group during the 2nd quarter valued at about $31,000. 71.21% of the stock is owned by institutional investors and hedge funds.

More The Goldman Sachs Group News

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Insider Activity

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 11,623 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the completion of the sale, the chief financial officer owned 29,342 shares in the company, valued at approximately $27,627,546.94. The trade was a 28.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Treasurer Carey Halio sold 2,846 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $927.17, for a total value of $2,638,725.82. Following the completion of the transaction, the treasurer directly owned 2,017 shares in the company, valued at approximately $1,870,101.89. This trade represents a 58.52% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 117,283 shares of company stock worth $112,016,033. Corporate insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on GS. UBS Group reaffirmed a “neutral” rating and set a $990.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday, February 4th. Autonomous Res reduced their target price on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Argus raised their price target on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a “buy” rating in a report on Friday, January 16th. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $750.00 to $775.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Finally, Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $916.86.

Get Our Latest Stock Analysis on The Goldman Sachs Group

The Goldman Sachs Group Stock Up 2.2%

Shares of GS opened at $921.93 on Thursday. The business’s fifty day moving average price is $923.91 and its two-hundred day moving average price is $834.66. The firm has a market capitalization of $276.52 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.11 and a beta of 1.34. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $984.70. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $11.95 EPS. On average, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be paid a $4.50 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a yield of 2.0%. The Goldman Sachs Group’s payout ratio is 31.20%.

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.

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

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