Asset Allocation & Management Company LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 562 shares of the investment management company’s stock, valued at approximately $322,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Semmax Financial Advisors Inc. acquired a new position in The Goldman Sachs Group during the second quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new position in The Goldman Sachs Group during the second quarter valued at approximately $27,000. Quest Partners LLC boosted its position 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 valued at $29,000 after purchasing an additional 63 shares during the last quarter. West Branch Capital LLC acquired a new position in The Goldman Sachs Group during the third quarter valued at approximately $30,000. Finally, DT Investment Partners LLC boosted its position 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 valued at $31,000 after purchasing an additional 33 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.
The Goldman Sachs Group Stock Down 0.3 %
The Goldman Sachs Group stock traded down $1.89 during midday trading on Monday, reaching $558.11. The stock had a trading volume of 826,737 shares, compared to its average volume of 1,861,674. The company has a market capitalization of $175.20 billion, a P/E ratio of 16.38, a PEG ratio of 0.85 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 12 month low of $372.07 and a 12 month high of $612.73. The company has a fifty day moving average price of $583.74 and a two-hundred day moving average price of $525.91.
Wall Street Analyst Weigh In
Several analysts have issued reports on GS shares. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price objective for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Oppenheimer lowered their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Keefe, Bruyette & Woods raised their target price on The Goldman Sachs Group from $570.00 to $686.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, 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 report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $569.31.
Read Our Latest Research Report on The Goldman Sachs Group
Insider Transactions at The Goldman Sachs Group
In related news, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian J. Lee sold 2,000 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the transaction, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This trade represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,940 shares of company stock valued at $13,717,979. 0.54% of the stock is currently owned by company insiders.
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.
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