The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Abound Wealth Management

Abound Wealth Management decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 28.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81 shares of the investment management company’s stock after selling 33 shares during the quarter. Abound Wealth Management’s holdings in The Goldman Sachs Group were worth $47,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group during the second quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in The Goldman Sachs Group in the second quarter valued at approximately $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 valued at $29,000 after acquiring an additional 63 shares during the last quarter. West Branch Capital LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth $30,000. Finally, DT Investment Partners LLC increased its position in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This represents a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Friday, November 29th. The shares were 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 directly owns 608,425 shares of the company’s stock, valued at approximately $372,404,774. This trade represents a 0.82 % 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 insiders.

The Goldman Sachs Group Trading Up 0.5 %

Shares of GS stock traded up $2.85 on Monday, hitting $562.85. The company had a trading volume of 1,282,522 shares, compared to its average volume of 1,925,838. The stock’s 50-day moving average is $583.74 and its two-hundred day moving average is $525.91. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $176.68 billion, a P/E ratio of 16.52, a P/E/G ratio of 0.85 and a beta of 1.38. The Goldman Sachs Group, Inc. has a twelve month low of $372.07 and a twelve month high of $612.73.

The Goldman Sachs Group (NYSE:GS) last released 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 Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. During the same quarter last year, the business earned $5.47 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GS shares. Bank of America upped their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Oppenheimer reduced their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. boosted their target price 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. UBS Group reissued a “neutral” rating and issued a $610.00 target price on shares of The Goldman Sachs Group in a research report on Monday, January 6th. Finally, JMP Securities increased their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group currently 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.