828 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by Fiduciary Alliance LLC

Fiduciary Alliance LLC bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the third quarter, HoldingsChannel reports. The institutional investor bought 828 shares of the investment management company’s stock, valued at approximately $410,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in The Goldman Sachs Group in the first quarter worth about $1,903,374,000. Legal & General Group Plc increased its holdings in The Goldman Sachs Group by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company’s stock worth $1,257,602,000 after acquiring an additional 77,700 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in The Goldman Sachs Group by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,117,311 shares of the investment management company’s stock worth $957,684,000 after acquiring an additional 68,141 shares during the period. Jennison Associates LLC lifted its holdings in The Goldman Sachs Group by 18.0% during the first quarter. Jennison Associates LLC now owns 1,801,395 shares of the investment management company’s stock valued at $752,425,000 after purchasing an additional 274,509 shares in the last quarter. Finally, Capital Wealth Planning LLC increased its stake in shares of The Goldman Sachs Group by 0.3% in the first quarter. Capital Wealth Planning LLC now owns 1,193,401 shares of the investment management company’s stock worth $498,472,000 after purchasing an additional 3,396 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GS has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Evercore ISI lifted their price objective on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. BMO Capital Markets upped their target price on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $464.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus price target of $504.75.

The Goldman Sachs Group Price Performance

GS opened at $523.02 on Tuesday. The business has a fifty day moving average of $494.34 and a 200 day moving average of $466.65. The stock has a market cap of $168.66 billion, a P/E ratio of 20.42, a PEG ratio of 0.77 and a beta of 1.36. 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 Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $523.07.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.52 by $0.10. The firm had revenue of $12.73 billion during 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, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current year.

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.