Brave Asset Management Inc. Sells 701 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Brave Asset Management Inc. decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 19.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,947 shares of the investment management company’s stock after selling 701 shares during the period. The Goldman Sachs Group accounts for about 0.5% of Brave Asset Management Inc.’s investment portfolio, making the stock its 25th biggest position. Brave Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $1,688,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Procyon Advisors LLC increased its holdings in The Goldman Sachs Group by 5.5% in the third quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock valued at $411,000 after buying an additional 43 shares in the last quarter. Brookstone Capital Management increased its holdings in The Goldman Sachs Group by 19.9% in the third quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock valued at $2,268,000 after buying an additional 761 shares during the last quarter. Granite Bay Wealth Management LLC purchased a new position in The Goldman Sachs Group in the second quarter valued at approximately $5,529,000. Franklin Street Advisors Inc. NC lifted its holdings in shares of The Goldman Sachs Group by 8.1% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock valued at $21,934,000 after purchasing an additional 2,863 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of The Goldman Sachs Group by 30.3% in the 4th quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock valued at $122,453,000 after acquiring an additional 49,710 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 6.0 %

NYSE GS opened at $605.89 on Thursday. The company has a market cap of $190.19 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 0.85 and a beta of 1.38. 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, Inc. has a 1-year low of $372.07 and a 1-year high of $612.73. The company has a 50 day moving average of $585.67 and a 200-day moving average of $527.58.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period last year, the company posted $5.48 earnings per share. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current fiscal year.

Insider Buying and Selling at The Goldman Sachs Group

In other news, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the sale, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. This trade represents a 10.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the completion of the sale, the director now owns 608,425 shares in the company, valued at approximately $372,404,774. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,940 shares of company stock valued at $12,656,179 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GS shares. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. 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 report on Thursday, November 21st. Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $570.00 to $686.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price objective for the company from $569.00 to $608.00 in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company upped their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $569.31.

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.