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Alps Advisors Inc. grew its position in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 35.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,049 shares of the investment management company’s stock after purchasing an additional 276 shares during the period. Alps Advisors Inc.’s holdings in The Goldman Sachs Group were worth $573,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. American Capital Advisory LLC bought a new stake in shares of The Goldman Sachs Group during the first quarter worth $29,000. Curio Wealth LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $30,000. Godsey & Gibb Inc. increased its position in shares of The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock worth $30,000 after acquiring an additional 34 shares in the last quarter. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $31,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $31,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on GS shares. Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Oppenheimer downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. HSBC reaffirmed a “reduce” rating and issued a $627.00 target price (up previously from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Finally, Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price for the company. in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $614.00.
Get Our Latest Research Report on GS
The Goldman Sachs Group Stock Performance
Shares of GS opened at $713.30 on Tuesday. The firm has a 50-day moving average of $635.21 and a 200-day moving average of $597.55. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $726.00. The company has a market cap of $218.87 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 0.96 and a beta of 1.35. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter last year, the firm posted $11.58 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.
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.
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