The Goldman Sachs Group, Inc. (NYSE:GS) is Stolper Co’s 10th Largest Position

Stolper Co decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,795 shares of the investment management company’s stock after selling 194 shares during the quarter. The Goldman Sachs Group accounts for about 2.6% of Stolper Co’s holdings, making the stock its 10th largest holding. Stolper Co’s holdings in The Goldman Sachs Group were worth $7,899,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GS. Semmax Financial Advisors Inc. purchased a new position in The Goldman Sachs Group during the second quarter worth $26,000. Headlands Technologies LLC purchased a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $27,000. Quest Partners LLC increased its holdings in shares of The Goldman Sachs Group by 6,300.0% during the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after buying an additional 63 shares during the last quarter. West Branch Capital LLC purchased a new position in shares of The Goldman Sachs Group in the 3rd quarter worth $30,000. Finally, DT Investment Partners LLC increased its stake in 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 acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

GS stock opened at $605.89 on Thursday. The firm has a 50-day moving average of $585.67 and a two-hundred day moving average of $527.58. The firm has a market capitalization of $190.19 billion, a PE ratio of 17.78, a P/E/G ratio of 0.66 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 one year low of $372.07 and a one year high of $612.73.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company’s revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the business posted $5.48 EPS. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current year.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,974 shares of the business’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 transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the sale, the executive vice president now owns 57,614 shares in the company, valued at $34,358,685.04. This represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,940 shares of company stock worth $12,656,179 over the last 90 days. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Evercore ISI boosted their price target 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. Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $570.00 to $686.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. JMP Securities raised their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Finally, UBS Group reiterated 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. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.