Alps Advisors Inc. Has $573,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Alps Advisors Inc. grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 35.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,049 shares of the investment management company’s stock after buying an additional 276 shares during the period. Alps Advisors Inc.’s holdings in The Goldman Sachs Group were worth $573,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. GAMMA Investing LLC increased its stake in The Goldman Sachs Group by 63,864.7% in the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock valued at $2,172,423,000 after acquiring an additional 3,970,467 shares during the period. International Assets Investment Management LLC bought a new stake in The Goldman Sachs Group in the first quarter valued at about $1,766,238,000. Norges Bank bought a new stake in The Goldman Sachs Group during the fourth quarter worth about $1,603,315,000. Castlekeep Investment Advisors LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth about $944,334,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in The Goldman Sachs Group by 214.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,294,084 shares of the investment management company’s stock worth $741,018,000 after buying an additional 882,099 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of The Goldman Sachs Group in a research note on Thursday. JMP Securities reaffirmed a “market perform” rating and set a $600.00 price objective on shares of The Goldman Sachs Group in a research note on Monday. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a research note on Friday, April 4th. Barclays decreased their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $614.00.

The Goldman Sachs Group Trading Up 1.2%

Shares of NYSE GS opened at $713.30 on Tuesday. The company’s 50 day simple moving average is $635.21 and its 200 day simple moving average is $597.55. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $726.00. The firm has a market capitalization of $218.87 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.96 and a beta of 1.35. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period in the prior year, the business posted $11.58 earnings per share. On average, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current 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.