Sovereign Financial Group Inc. Has $605,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Sovereign Financial Group Inc. reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 16.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,056 shares of the investment management company’s stock after selling 214 shares during the quarter. Sovereign Financial Group Inc.’s holdings in The Goldman Sachs Group were worth $605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quest Partners LLC lifted its holdings in 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 acquiring an additional 63 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth about $27,000. American Century Companies Inc. lifted its holdings in shares of The Goldman Sachs Group by 2.1% during the 2nd 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 in the last quarter. Prime Capital Investment Advisors LLC grew its position in shares of The Goldman Sachs Group by 4.0% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 5,529 shares of the investment management company’s stock valued at $2,501,000 after purchasing an additional 212 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in The Goldman Sachs Group by 4.3% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,417 shares of the investment management company’s stock worth $1,998,000 after purchasing an additional 183 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Activity

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the completion of the sale, the director now owns 608,425 shares of the company’s stock, valued at $372,404,774. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at approximately $5,046,795.39. This represents a 25.94 % 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 valued at $13,717,979 in the last quarter. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group reaffirmed a “neutral” rating and issued a $610.00 price target on shares of The Goldman Sachs Group in a research note on Monday, January 6th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price objective for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. 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. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $520.00 to $550.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Citigroup upped their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $569.31.

The Goldman Sachs Group Trading Up 1.5 %

Shares of The Goldman Sachs Group stock opened at $571.46 on Wednesday. The stock has a market cap of $179.39 billion, a P/E ratio of 16.77, a P/E/G 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 12-month low of $372.07 and a 12-month high of $612.73. The business’s 50 day moving average is $585.67 and its 200-day moving average is $527.58.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $1.51. The firm had revenue of $12.70 billion for 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 quarterly revenue 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. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 37.06 earnings per share 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.