Talbot Financial LLC Has $23.56 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Talbot Financial LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,142 shares of the investment management company’s stock after buying an additional 451 shares during the period. The Goldman Sachs Group makes up about 2.8% of Talbot Financial LLC’s investment portfolio, making the stock its 6th biggest position. Talbot Financial LLC’s holdings in The Goldman Sachs Group were worth $23,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of GS. Asset Allocation & Management Company LLC bought a new stake in The Goldman Sachs Group during the fourth quarter valued at about $322,000. CHICAGO TRUST Co NA raised its position in The Goldman Sachs Group by 3.6% during the fourth quarter. CHICAGO TRUST Co NA now owns 953 shares of the investment management company’s stock valued at $546,000 after purchasing an additional 33 shares during the period. Fiduciary Alliance LLC raised its position in The Goldman Sachs Group by 53.3% during the fourth quarter. Fiduciary Alliance LLC now owns 1,269 shares of the investment management company’s stock valued at $727,000 after purchasing an additional 441 shares during the period. City Center Advisors LLC raised its position in The Goldman Sachs Group by 93.6% during the fourth quarter. City Center Advisors LLC now owns 790 shares of the investment management company’s stock valued at $452,000 after purchasing an additional 382 shares during the period. Finally, Czech National Bank grew its stake in shares of The Goldman Sachs Group by 5.8% during the fourth 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. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on GS shares. HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their target price for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Bank of America upped their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Citigroup upped their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Barclays upped their target price on The Goldman Sachs Group from $588.00 to $713.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Evercore ISI upped their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research note 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 Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $569.31.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded up $0.54 during trading on Monday, reaching $560.54. 1,017,650 shares of the company traded hands, compared to its average volume of 1,889,671. The firm’s fifty day simple moving average is $583.74 and its 200 day simple moving average is $525.91. The stock has a market cap of $175.96 billion, a P/E ratio of 16.45, a PEG ratio of 0.85 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12-month low of $372.07 and a 12-month high of $612.73. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The firm had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. During the same period last year, the firm earned $5.47 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current fiscal year.

Insider Activity

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the transaction, the director now directly owns 608,425 shares of the company’s stock, valued at $372,404,774. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,940 shares of company stock worth $13,717,979 in the last ninety days. Company insiders own 0.54% 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.