The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by City Center Advisors LLC

City Center Advisors LLC raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 93.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 790 shares of the investment management company’s stock after purchasing an additional 382 shares during the quarter. City Center Advisors LLC’s holdings in The Goldman Sachs Group were worth $452,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GS. Czech National Bank grew its position in shares of The Goldman Sachs Group by 5.8% during the 4th quarter. Czech National Bank now owns 68,062 shares of the investment management company’s stock valued at $38,974,000 after buying an additional 3,731 shares during the last quarter. Graypoint LLC boosted its stake in The Goldman Sachs Group by 0.9% in the fourth quarter. Graypoint LLC now owns 5,033 shares of the investment management company’s stock valued at $2,882,000 after acquiring an additional 44 shares during the period. RMR Wealth Builders grew its holdings in shares of The Goldman Sachs Group by 7.9% during the fourth quarter. RMR Wealth Builders now owns 3,899 shares of the investment management company’s stock valued at $2,232,000 after purchasing an additional 286 shares during the last quarter. Bruce G. Allen Investments LLC raised its position in shares of The Goldman Sachs Group by 18.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 234 shares of the investment management company’s stock worth $134,000 after purchasing an additional 37 shares during the period. Finally, HBW Advisory Services LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $298,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 3.4 %

Shares of The Goldman Sachs Group stock opened at $560.40 on Monday. The business has a fifty day simple moving average of $583.74 and a 200-day simple moving average of $525.91. The firm has a market cap of $175.92 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. The Goldman Sachs Group, Inc. has a fifty-two week low of $372.07 and a fifty-two week high of $612.73. 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 (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share 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 the consensus estimate of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The Goldman Sachs Group’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $5.47 EPS. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on GS. JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Morgan Stanley increased their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays lifted their price objective on shares of The Goldman Sachs Group from $588.00 to $713.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Evercore ISI upped their target price on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Bank of America lifted their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $569.31.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 owns 10,095 shares of the company’s stock, valued at $5,359,435.50. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,940 shares of company stock worth $13,717,979. 0.54% of the stock is owned by insiders.

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.