Signet Financial Management LLC Trims Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Signet Financial Management LLC lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,888 shares of the investment management company’s stock after selling 36 shares during the quarter. Signet Financial Management LLC’s holdings in The Goldman Sachs Group were worth $1,654,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Waddell & Associates LLC raised its stake in The Goldman Sachs Group by 2.1% during the third quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock worth $444,000 after acquiring an additional 18 shares during the period. Wescott Financial Advisory Group LLC boosted its position in The Goldman Sachs Group by 0.7% during the 3rd quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock valued at $1,346,000 after purchasing an additional 18 shares during the period. Bank of New Hampshire increased its position in The Goldman Sachs Group by 8.0% in the fourth quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock worth $139,000 after buying an additional 18 shares during the period. First Pacific Financial increased its holdings in shares of The Goldman Sachs Group by 0.6% in the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock worth $1,568,000 after acquiring an additional 20 shares during the period. Finally, Krane Funds Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 1.7% during the third quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock valued at $583,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.7 %

GS stock traded up $3.75 during mid-day trading on Monday, hitting $563.75. The stock had a trading volume of 1,868,601 shares, compared to its average volume of 2,014,965. The stock has a market capitalization of $176.97 billion, a price-to-earnings ratio of 16.54, a PEG 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 Goldman Sachs Group, Inc. has a 1-year low of $372.07 and a 1-year high of $612.73. The company has a fifty day moving average of $583.74 and a 200 day moving average of $525.91.

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, topping the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.47 earnings per share. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian J. Lee sold 2,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,940 shares of company stock valued at $13,717,979 over the last quarter. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of several analyst reports. Citigroup raised their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Evercore ISI lifted their price objective on shares of 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. JPMorgan Chase & Co. increased their target price on shares of The Goldman Sachs Group from $520.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $570.00 to $686.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Oppenheimer dropped their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $569.31.

About 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.