By otakuyassine3@gmail.com 
SeaCrest Wealth Management LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 14.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,160 shares of the investment management company’s stock after acquiring an additional 266 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $1,237,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Semmax Financial Advisors Inc. bought a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $26,000. Headlands Technologies LLC bought a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $27,000. West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $30,000. DT Investment Partners LLC boosted its position in shares of The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 33 shares during the last quarter. Finally, Quest Partners LLC boosted its position 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. 71.21% of the stock is currently owned by institutional investors.
The Goldman Sachs Group Stock Performance
Shares of The Goldman Sachs Group stock opened at $605.89 on Thursday. The firm has a market cap of $190.19 billion, a P/E ratio of 17.78, a P/E/G 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 stock’s fifty day moving average price is $585.67 and its 200-day moving average price is $527.58.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter last year, the firm posted $5.48 earnings per share. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on GS. UBS Group restated a “neutral” rating and set a $610.00 price target on shares of The Goldman Sachs Group in a report on Monday, January 6th. Morgan Stanley increased their price target on The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Oppenheimer decreased their price target 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. Finally, Evercore ISI increased their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $569.31.
Check Out Our Latest Stock Report on GS
Insider Activity at The Goldman Sachs Group
In related news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the sale, the executive vice president now directly owns 57,614 shares in the company, valued at approximately $34,358,685.04. The trade was a 10.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,940 shares of company stock valued at $12,656,179 over the last quarter. 0.54% of the stock is owned by corporate 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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