Burney Co. Purchases 238 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Burney Co. grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,664 shares of the investment management company’s stock after purchasing an additional 238 shares during the quarter. Burney Co.’s holdings in The Goldman Sachs Group were worth $3,243,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quest Partners LLC grew its holdings in shares of The Goldman Sachs Group by 6,300.0% during the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 63 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of The Goldman Sachs Group during the second quarter valued at about $27,000. American Century Companies Inc. increased its holdings in shares of The Goldman Sachs Group by 2.1% in the second quarter. American Century Companies Inc. now owns 86,108 shares of the investment management company’s stock worth $38,948,000 after buying an additional 1,747 shares during the period. One Capital Management LLC bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at about $243,000. Finally, Moors & Cabot Inc. boosted its holdings in The Goldman Sachs Group by 3.5% during the 2nd quarter. Moors & Cabot Inc. now owns 2,637 shares of the investment management company’s stock valued at $1,193,000 after acquiring an additional 88 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. UBS Group reaffirmed a “neutral” rating and issued a $610.00 price target on shares of The Goldman Sachs Group in a research note on Monday, January 6th. Citigroup upped their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Bank of America raised their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Oppenheimer lowered their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $569.31.

Insider Activity

In other news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $612.08, for a total value of $3,060,400.00. Following the completion of the transaction, the director now owns 608,425 shares of the company’s stock, valued at $372,404,774. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction dated 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 owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,940 shares of company stock worth $12,656,179. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

GS opened at $605.89 on Thursday. 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 company has a market cap of $190.19 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. The stock has a fifty day simple moving average of $585.67 and a two-hundred day simple moving average of $527.58. The Goldman Sachs Group, Inc. has a 12-month low of $372.07 and a 12-month high of $612.73.

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