Independence Bank of Kentucky Has $665,000 Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Independence Bank of Kentucky increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 29.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,592 shares of the investment management company’s stock after buying an additional 365 shares during the quarter. Independence Bank of Kentucky’s holdings in The Goldman Sachs Group were worth $665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Webster Bank N. A. raised its position in The Goldman Sachs Group by 120.3% during the 1st quarter. Webster Bank N. A. now owns 597 shares of the investment management company’s stock worth $249,000 after purchasing an additional 326 shares during the last quarter. Norway Savings Bank raised its position in shares of The Goldman Sachs Group by 17.4% during the first quarter. Norway Savings Bank now owns 2,410 shares of the investment management company’s stock worth $1,007,000 after acquiring an additional 358 shares during the last quarter. Atwater Malick LLC raised its position in shares of The Goldman Sachs Group by 0.7% during the first quarter. Atwater Malick LLC now owns 25,210 shares of the investment management company’s stock worth $10,530,000 after acquiring an additional 171 shares during the last quarter. AMF Tjanstepension AB bought a new stake in The Goldman Sachs Group in the first quarter valued at approximately $28,167,000. Finally, Register Financial Advisors LLC acquired a new stake in The Goldman Sachs Group during the 1st quarter valued at approximately $337,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.4 %

GS stock opened at $452.32 on Friday. The firm has a market capitalization of $145.86 billion, a PE ratio of 17.66, a P/E/G ratio of 0.91 and a beta of 1.39. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $471.48. The stock’s 50 day moving average is $449.86 and its 200-day moving average is $410.79.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period last year, the business earned $8.79 EPS. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were given a dividend of $2.75 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.43%. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Insider Transactions at The Goldman Sachs Group

In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director David A. Viniar sold 5,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GS shares. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley decreased their price target on The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating for the company in a report on Thursday. Royal Bank of Canada boosted their price objective on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 16th. Bank of America raised their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, JMP Securities boosted their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $443.78.

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.