The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Davis Investment Partners LLC

Davis Investment Partners LLC reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 22.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 897 shares of the investment management company’s stock after selling 262 shares during the quarter. Davis Investment Partners LLC’s holdings in The Goldman Sachs Group were worth $502,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quest Partners LLC grew its stake in shares of The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after buying an additional 63 shares during the period. Headlands Technologies LLC purchased a new position in The Goldman Sachs Group in the second quarter worth approximately $27,000. American Century Companies Inc. raised its position 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 valued at $38,948,000 after purchasing an additional 1,747 shares during the period. 1ST Source Bank raised its position in The Goldman Sachs Group by 4.2% in the second quarter. 1ST Source Bank now owns 642 shares of the investment management company’s stock valued at $290,000 after purchasing an additional 26 shares during the period. Finally, Parallel Advisors LLC lifted its stake 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 valued at $2,472,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insiders Place Their Bets

In other news, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This represents a 5.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the sale, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. This represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,940 shares of company stock valued at $13,717,979. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GS. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $570.00 to $686.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Bank of America boosted their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Oppenheimer dropped their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $569.31.

The Goldman Sachs Group Stock Up 0.7 %

Shares of NYSE GS traded up $3.75 during midday trading on Monday, hitting $563.75. 1,855,208 shares of the company’s stock were exchanged, compared to its average volume of 2,014,305. The firm’s fifty day simple moving average is $583.74 and its 200-day simple moving average is $525.91. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $176.97 billion, a PE ratio of 16.54, a P/E/G ratio of 0.85 and a beta of 1.38. The Goldman Sachs Group, Inc. has a twelve month low of $372.07 and a twelve month high of $612.73.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same period last year, the firm posted $5.47 EPS. The company’s revenue was up 7.4% on a year-over-year basis. Research analysts predict that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current fiscal year.

The Goldman Sachs Group Company 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.