Wright Investors Service Inc. Acquires 26 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Wright Investors Service Inc. increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,772 shares of the investment management company’s stock after acquiring an additional 26 shares during the quarter. Wright Investors Service Inc.’s holdings in The Goldman Sachs Group were worth $2,160,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of GS. Quest Partners LLC grew its position in The Goldman Sachs Group by 6,300.0% during the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after buying an additional 63 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $27,000. American Century Companies Inc. grew its holdings in shares of The Goldman Sachs Group by 2.1% during the 2nd quarter. American Century Companies Inc. now owns 86,108 shares of the investment management company’s stock worth $38,948,000 after purchasing an additional 1,747 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of The Goldman Sachs Group by 11.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,311 shares of the investment management company’s stock worth $4,664,000 after purchasing an additional 1,046 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in The Goldman Sachs Group by 14.7% in the second quarter. Envestnet Asset Management Inc. now owns 429,728 shares of the investment management company’s stock valued at $194,375,000 after purchasing an additional 55,005 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.7 %

NYSE GS opened at $563.75 on Tuesday. The stock has a market capitalization of $176.97 billion, a P/E ratio of 16.54, a P/E/G ratio of 0.85 and a beta of 1.38. The business has a 50 day simple moving average of $584.79 and a 200 day simple moving average of $526.74. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $372.07 and a one year high of $612.73.

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

Analyst Upgrades and Downgrades

Several research firms have commented on GS. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Morgan Stanley lifted their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Bank of America upped their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price target on The Goldman Sachs Group from $570.00 to $686.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. upped their price objective on The Goldman Sachs Group from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $569.31.

Insider Activity

In related news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the sale, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This trade represents a 16.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the transaction, the executive vice president now owns 57,614 shares in the company, valued at approximately $34,358,685.04. The trade was a 10.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,940 shares of company stock worth $13,717,979 in the last three months. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Company 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.