The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,304 shares of the investment management company’s stock after purchasing an additional 2,863 shares during the period. The Goldman Sachs Group makes up 1.5% of Franklin Street Advisors Inc. NC’s investment portfolio, making the stock its 23rd largest holding. Franklin Street Advisors Inc. NC’s holdings in The Goldman Sachs Group were worth $21,934,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. purchased a new position in The Goldman Sachs Group during the 2nd quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in shares of The Goldman Sachs Group during the second quarter worth about $27,000. Quest Partners LLC grew its holdings in shares of The Goldman Sachs Group by 6,300.0% during the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after buying an additional 63 shares in the last quarter. West Branch Capital LLC purchased a new stake in shares of The Goldman Sachs Group during the third quarter worth about $30,000. Finally, DT Investment Partners LLC grew its holdings in shares of The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after buying an additional 33 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. UBS Group reiterated a “neutral” rating and set a $610.00 price target on shares of The Goldman Sachs Group in a report on Monday. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Barclays boosted their target price on shares of The Goldman Sachs Group from $588.00 to $713.00 and gave the company an “overweight” rating in a report on Monday. Wells Fargo & Company lifted their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Evercore ISI lifted their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $569.31.

The Goldman Sachs Group Price Performance

GS traded down $20.43 during trading on Friday, reaching $559.59. The stock had a trading volume of 1,139,728 shares, compared to its average volume of 1,749,215. The firm has a market capitalization of $175.66 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. The company has a quick ratio of 0.67, a current 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 stock has a 50 day moving average of $582.92 and a two-hundred day moving average of $524.27.

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

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of the business’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 sale, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at $72,015,903.53. The trade was a 5.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction on 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 owns 10,095 shares in the company, valued at approximately $5,359,435.50. This represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,940 shares of company stock valued at $13,717,979. Corporate insiders own 0.54% of the company’s stock.

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.