Bruce G. Allen Investments LLC Has $134,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Bruce G. Allen Investments LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 18.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 234 shares of the investment management company’s stock after buying an additional 37 shares during the period. Bruce G. Allen Investments LLC’s holdings in The Goldman Sachs Group were worth $134,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Quest Partners LLC raised its holdings 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 valued at $29,000 after purchasing an additional 63 shares during the period. Headlands Technologies LLC acquired a new position in shares of The Goldman Sachs Group during the second quarter worth approximately $27,000. MGO One Seven LLC grew its position in The Goldman Sachs Group by 12.4% in the 2nd quarter. MGO One Seven LLC now owns 6,751 shares of the investment management company’s stock valued at $3,053,000 after purchasing an additional 746 shares during the period. AGF Management Ltd. lifted its stake in shares of The Goldman Sachs Group by 1,061.0% in the second quarter. AGF Management Ltd. now owns 18,065 shares of the investment management company’s stock valued at $8,171,000 after buying an additional 16,509 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its position in shares of The Goldman Sachs Group by 16.6% during the second quarter. Bahl & Gaynor Inc. now owns 2,107 shares of the investment management company’s stock worth $953,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded down $19.10 during trading on Friday, hitting $560.92. 2,093,041 shares of the stock traded hands, compared to its average volume of 1,890,867. The stock has a market cap of $176.08 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 0.85 and a beta of 1.38. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 52 week low of $372.07 and a 52 week high of $612.73. The firm’s fifty day moving average is $582.92 and its 200-day moving average is $524.27.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The company had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.47 EPS. Research analysts expect that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current fiscal year.

Insider Activity

In related news, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction 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 owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 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 directly owns 57,614 shares of the company’s stock, valued at approximately $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. Over the last 90 days, insiders sold 22,940 shares of company stock valued at $13,717,979. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GS. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $569.00 to $608.00 in a report on Tuesday, November 26th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $520.00 to $550.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Bank of America boosted their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $569.31.

The Goldman Sachs Group 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.