USA Financial Formulas Sells 254 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

USA Financial Formulas cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,924 shares of the investment management company’s stock after selling 254 shares during the quarter. USA Financial Formulas’ holdings in The Goldman Sachs Group were worth $1,102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quest Partners LLC boosted its position 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 purchasing an additional 63 shares in the last quarter. Headlands Technologies LLC acquired a new stake in The Goldman Sachs Group during the 2nd quarter worth $27,000. American Century Companies Inc. lifted its holdings in The Goldman Sachs Group by 2.1% during the second quarter. American Century Companies Inc. now owns 86,108 shares of the investment management company’s stock worth $38,948,000 after acquiring an additional 1,747 shares in the last quarter. One Capital Management LLC bought a new stake in shares of The Goldman Sachs Group in the second quarter worth about $243,000. Finally, Moors & Cabot Inc. increased its holdings in shares of The Goldman Sachs Group by 3.5% in the second quarter. Moors & Cabot Inc. now owns 2,637 shares of the investment management company’s stock worth $1,193,000 after acquiring an additional 88 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Up 6.0 %

Shares of NYSE GS opened at $605.89 on Thursday. The Goldman Sachs Group, Inc. has a 12 month low of $372.07 and a 12 month high of $612.73. 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 company has a market cap of $190.19 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 0.66 and a beta of 1.38. The stock has a 50-day moving average price of $585.67 and a two-hundred day moving average price of $527.58.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company earned $5.48 EPS. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David M. Solomon sold 6,550 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was 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 approximately $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,940 shares of company stock worth $12,656,179. 0.57% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GS has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. JMP Securities increased their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Evercore ISI lifted their price target on 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. Finally, UBS Group reiterated a “neutral” rating and set a $610.00 price objective on shares of The Goldman Sachs Group in a report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $569.31.

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.