The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by LVW Advisors LLC

LVW Advisors LLC lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,229 shares of the investment management company’s stock after selling 110 shares during the period. LVW Advisors LLC’s holdings in The Goldman Sachs Group were worth $608,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Franklin Street Advisors Inc. NC increased its holdings in The Goldman Sachs Group by 17.4% in the 3rd quarter. Franklin Street Advisors Inc. NC now owns 35,441 shares of the investment management company’s stock valued at $17,547,000 after purchasing an additional 5,263 shares during the last quarter. Private Advisory Group LLC purchased a new position in The Goldman Sachs Group in the 3rd quarter valued at approximately $293,000. Watts Gwilliam & Co. LLC purchased a new position in The Goldman Sachs Group in the 3rd quarter valued at approximately $1,610,000. Quotient Wealth Partners LLC boosted its position in The Goldman Sachs Group by 178.5% in the 3rd quarter. Quotient Wealth Partners LLC now owns 5,376 shares of the investment management company’s stock valued at $2,662,000 after buying an additional 3,446 shares during the period. Finally, Steigerwald Gordon & Koch Inc. boosted its position in The Goldman Sachs Group by 31.5% in the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 584 shares of the investment management company’s stock valued at $289,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 2.5 %

Shares of The Goldman Sachs Group stock opened at $516.30 on Friday. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $517.97. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The company’s 50-day simple moving average is $493.06 and its 200-day simple moving average is $465.15. The firm has a market cap of $163.05 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. The business had revenue of $12.73 billion for the quarter, compared to analyst estimates of $12.60 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

GS has been the subject of several recent research reports. Oppenheimer raised their price target on shares of The Goldman Sachs Group from $548.00 to $577.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Barclays lifted their price objective on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Evercore ISI lifted their price objective on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of The Goldman Sachs Group from $464.00 to $472.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $504.75.

Insider Buying and Selling

In related news, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the sale, the director now owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Brian J. Lee sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the transaction, the insider now owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the transaction, the director now directly owns 12,450 shares in the company, valued at $6,287,748. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

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.