Commerzbank Aktiengesellschaft FI Increases Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Commerzbank Aktiengesellschaft FI lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 113.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,658 shares of the investment management company’s stock after buying an additional 28,495 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in The Goldman Sachs Group were worth $29,313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. American Capital Advisory LLC bought a new stake in The Goldman Sachs Group in the 1st quarter worth approximately $29,000. Godsey & Gibb Inc. grew its position in The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after acquiring an additional 34 shares during the last quarter. Transce3nd LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at $31,000. Mascagni Wealth Management Inc. purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth $31,000. Finally, Lowe Wealth Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 326.7% in the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company’s stock worth $35,000 after buying an additional 49 shares during the period. Institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GS. Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Daiwa America downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Finally, HSBC restated 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. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average target price of $630.87.

The Goldman Sachs Group Price Performance

GS stock opened at $707.84 on Thursday. The company has a 50 day simple moving average of $641.38 and a 200 day simple moving average of $599.03. The stock has a market cap of $217.19 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 0.96 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $726.00. 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) last released its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping the consensus estimate of $9.82 by $1.09. The firm had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.62 earnings per share. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

About The Goldman Sachs Group

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.