City State Bank Decreases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

City State Bank reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,150 shares of the investment management company’s stock after selling 44 shares during the quarter. City State Bank’s holdings in The Goldman Sachs Group were worth $659,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GS. Quest Partners LLC grew its stake in 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 buying an additional 63 shares during the period. Headlands Technologies LLC acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at $27,000. American Century Companies Inc. raised its position in The Goldman Sachs Group by 2.1% in the second quarter. American Century Companies Inc. now owns 86,108 shares of the investment management company’s stock valued at $38,948,000 after purchasing an additional 1,747 shares during the period. 1ST Source Bank lifted its stake in shares of The Goldman Sachs Group by 4.2% during the second quarter. 1ST Source Bank now owns 642 shares of the investment management company’s stock worth $290,000 after purchasing an additional 26 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of The Goldman Sachs Group by 3.3% in the second quarter. Parallel Advisors LLC now owns 5,464 shares of the investment management company’s stock valued at $2,472,000 after buying an additional 172 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GS. UBS Group reissued a “neutral” rating and set a $610.00 target price on shares of The Goldman Sachs Group in a research report on Monday, January 6th. Wells Fargo & Company upped their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Morgan Stanley increased their price target on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Bank of America increased their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research 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 company’s stock. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $569.31.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded up $1.00 during midday trading on Monday, hitting $561.00. 681,835 shares of the company traded hands, compared to its average volume of 1,837,426. The stock has a market cap of $176.10 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 debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s fifty day moving average price is $583.74 and its 200-day moving average price is $525.91. The Goldman Sachs Group, Inc. has a 12 month low of $372.07 and a 12 month high of $612.73.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $11.77 billion. During the same period in the previous year, the firm posted $5.47 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current year.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the company’s 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 owns 10,095 shares in the company, valued at approximately $5,359,435.50. This represents a 16.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction on 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 completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,940 shares of company stock worth $13,717,979. Company insiders own 0.54% of the company’s stock.

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.