The Goldman Sachs Group, Inc. $GS Shares Purchased by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,940 shares of the investment management company’s stock after purchasing an additional 3,124 shares during the period. The Goldman Sachs Group accounts for about 3.0% of Perfromance Wealth Partners LLC’s holdings, making the stock its 7th biggest holding. Perfromance Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $94,796,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Winthrop Advisory Group LLC increased its position in shares of The Goldman Sachs Group by 3.4% during the second quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock valued at $303,000 after acquiring an additional 14 shares during the last quarter. Mechanics Financial Corp increased its position in shares of The Goldman Sachs Group by 5.8% during the second quarter. Mechanics Financial Corp now owns 294 shares of the investment management company’s stock valued at $208,000 after acquiring an additional 16 shares during the last quarter. Ridgewood Investments LLC increased its position in shares of The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after acquiring an additional 17 shares during the last quarter. Bank of Stockton increased its position in shares of The Goldman Sachs Group by 0.7% during the second quarter. Bank of Stockton now owns 2,485 shares of the investment management company’s stock valued at $1,759,000 after acquiring an additional 17 shares during the last quarter. Finally, Western Financial Corp CA increased its position in shares of The Goldman Sachs Group by 0.5% during the second quarter. Western Financial Corp CA now owns 3,597 shares of the investment management company’s stock valued at $2,546,000 after acquiring an additional 17 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. HSBC lifted their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. JMP Securities reissued a “market perform” rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Morgan Stanley raised their price objective on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Finally, Evercore ISI raised their price objective on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Five research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $746.69.

The Goldman Sachs Group Stock Up 3.2%

Shares of The Goldman Sachs Group stock opened at $788.52 on Tuesday. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $825.25. The company has a 50 day moving average of $762.04 and a 200 day moving average of $665.38. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57. The company has a market capitalization of $238.70 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.44 and a beta of 1.42.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the previous year, the firm earned $8.62 earnings per share. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

Insider Activity

In related news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the transaction, the chief operating officer owned 115,268 shares in the company, valued at $86,463,679.48. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the transaction, the chief executive officer owned 126,176 shares of the company’s stock, valued at $89,876,426.56. This represents a 4.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock worth $28,111,828 over the last three months. Insiders own 0.55% of the company’s stock.

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.