Northstar Advisory Group LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 67.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,078 shares of the investment management company's stock after acquiring an additional 2,843 shares during the quarter. The Goldman Sachs Group accounts for about 2.1% of Northstar Advisory Group LLC's holdings, making the stock its 13th biggest holding. Northstar Advisory Group LLC's holdings in The Goldman Sachs Group were worth $4,053,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in GS. Quest Partners LLC increased its position in The Goldman Sachs Group by 6,300.0% during the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company's stock valued at $29,000 after purchasing an additional 63 shares during the period. Headlands Technologies LLC bought a new position in The Goldman Sachs Group in the second quarter worth about $27,000. American Century Companies Inc. lifted its holdings in The Goldman Sachs Group by 2.1% in the second quarter. American Century Companies Inc. now owns 86,108 shares of the investment management company's stock worth $38,948,000 after buying an additional 1,747 shares during the period. 1ST Source Bank grew its holdings in shares of The Goldman Sachs Group by 4.2% during the 2nd quarter. 1ST Source Bank now owns 642 shares of the investment management company's stock worth $290,000 after acquiring an additional 26 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of The Goldman Sachs Group by 3.3% in the 2nd quarter. Parallel Advisors LLC now owns 5,464 shares of the investment management company's stock worth $2,472,000 after acquiring an additional 172 shares in the last quarter. Institutional investors own 71.21% of the company's stock.
In related news, CAO Sheara J. Fredman sold 2,974 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now directly 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 sold a total of 22,940 shares of company stock worth $13,717,979 over the last 90 days. Corporate insiders own 0.54% of the company's stock.
Shares of The Goldman Sachs Group stock traded up $3.75 during trading hours on Monday, hitting $563.75. The company's stock had a trading volume of 1,855,312 shares, compared to its average volume of 2,014,965. The company has a market cap of $176.97 billion, a PE ratio of 16.54, a PEG ratio of 0.85 and a beta of 1.38. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The business has a 50 day moving average price of $583.74 and a two-hundred day moving average price of $525.91. The Goldman Sachs Group, Inc. has a 12-month low of $372.07 and a 12-month high of $612.73.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.89 by $1.51. The business had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company's revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $5.47 EPS. Analysts expect that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on GS shares. Oppenheimer decreased their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Bank of America raised their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Barclays boosted their price objective on shares of The Goldman Sachs Group from $588.00 to $713.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Finally, Citigroup lifted their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a "neutral" rating in a report on Thursday, November 21st. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $569.31.
View Our Latest Report on The Goldman Sachs Group
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.
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