Kathmere Capital Management LLC Raises Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Kathmere Capital Management LLC increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,468 shares of the investment management company’s stock after purchasing an additional 138 shares during the period. Kathmere Capital Management LLC’s holdings in The Goldman Sachs Group were worth $841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mizuho Securities USA LLC lifted its holdings in shares of The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after acquiring an additional 7,475,140 shares during the last quarter. Fisher Asset Management LLC raised its position in The Goldman Sachs Group by 2.7% during the third quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock valued at $2,991,772,000 after purchasing an additional 161,133 shares in the last quarter. FMR LLC boosted its holdings in shares of The Goldman Sachs Group by 21.9% in the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after purchasing an additional 521,054 shares in the last quarter. Legal & General Group Plc increased its position in shares of The Goldman Sachs Group by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company’s stock valued at $1,257,602,000 after purchasing an additional 77,700 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of The Goldman Sachs Group by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock valued at $845,466,000 after buying an additional 18,541 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on GS shares. JMP Securities upped their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $570.00 to $686.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Morgan Stanley boosted their price target on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Evercore ISI raised their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $520.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $569.31.

Insider Transactions at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the transaction, the director now owns 608,425 shares in the company, valued at $372,404,774. The trade was a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the sale, the chief executive officer now owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. This represents a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,940 shares of company stock valued at $12,656,179 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Price Performance

GS opened at $605.89 on Thursday. The Goldman Sachs Group, Inc. has a 12-month low of $372.07 and a 12-month high of $612.73. The company has a market cap of $190.19 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a fifty day simple moving average of $585.67 and a two-hundred day simple moving average of $527.58.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The Goldman Sachs Group’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the business earned $5.48 EPS. Research analysts predict that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current fiscal year.

The Goldman Sachs Group 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.