The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Forum Financial Management LP

Forum Financial Management LP reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,496 shares of the investment management company’s stock after selling 230 shares during the period. Forum Financial Management LP’s holdings in The Goldman Sachs Group were worth $2,456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Capital Advisory LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at $29,000. Godsey & Gibb Inc. raised its stake in The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after buying an additional 34 shares in the last quarter. Transce3nd LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $31,000. Mascagni Wealth Management Inc. acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $31,000. Finally, Lowe Wealth Advisors LLC raised its stake in The Goldman Sachs Group by 326.7% in the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company’s stock valued at $35,000 after buying an additional 49 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on GS. Hsbc Global Res cut The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Citigroup lowered their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Daiwa Capital Markets lowered The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Finally, Barclays reduced their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $630.87.

The Goldman Sachs Group Trading Up 0.8%

Shares of GS opened at $707.84 on Thursday. The stock has a fifty day moving average of $641.38 and a two-hundred day moving average of $599.03. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $217.19 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 0.96 and a beta of 1.35. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $726.00.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The Goldman Sachs Group’s revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm posted $8.62 EPS. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current 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.