Watts Gwilliam & Co. LLC Has $1.85 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Watts Gwilliam & Co. LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,193 shares of the investment management company’s stock after selling 48 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in The Goldman Sachs Group were worth $1,853,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quest Partners LLC grew 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 worth $29,000 after purchasing an additional 63 shares during the last quarter. Headlands Technologies LLC bought a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $27,000. MGO One Seven LLC grew its holdings in The Goldman Sachs Group by 12.4% during the 2nd quarter. MGO One Seven LLC now owns 6,751 shares of the investment management company’s stock worth $3,053,000 after acquiring an additional 746 shares during the last quarter. AGF Management Ltd. increased its position in The Goldman Sachs Group by 1,061.0% in the 2nd quarter. AGF Management Ltd. now owns 18,065 shares of the investment management company’s stock valued at $8,171,000 after acquiring an additional 16,509 shares during the period. Finally, Bahl & Gaynor Inc. raised its stake 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 valued at $953,000 after acquiring an additional 300 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of recent research reports. Citigroup increased their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Oppenheimer lowered their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Wells Fargo & Company lifted their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley increased their target price on shares of 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. Finally, HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $569.31.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $579.48 on Friday. The business has a 50-day simple moving average of $582.92 and a 200 day simple moving average of $524.27. The Goldman Sachs Group, Inc. has a one year low of $372.07 and a one year high of $612.73. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $181.90 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 0.85 and a beta of 1.38.

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

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction on Friday, November 29th. The stock was 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 owns 608,425 shares in the company, valued at approximately $372,404,774. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $1,061,800.00. Following the completion of the sale, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. The trade was a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,940 shares of company stock worth $13,717,979. 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.