Watts Gwilliam & Co. LLC Sells 48 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Watts Gwilliam & Co. LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,193 shares of the investment management company’s stock after selling 48 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in The Goldman Sachs Group were worth $1,853,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Mizuho Securities USA LLC boosted its position in shares of The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after buying an additional 7,475,140 shares during the period. FMR LLC lifted its position in The Goldman Sachs Group by 21.9% during the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock worth $1,435,144,000 after buying an additional 521,054 shares in the last quarter. 1832 Asset Management L.P. lifted its position in The Goldman Sachs Group by 7,932.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 444,285 shares of the investment management company’s stock worth $200,959,000 after buying an additional 438,754 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of The Goldman Sachs Group by 154.7% during the 3rd quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock worth $205,403,000 after buying an additional 251,972 shares during the last quarter. Finally, Congress Asset Management Co. grew its holdings in shares of The Goldman Sachs Group by 829.0% in the 3rd quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock valued at $128,886,000 after acquiring an additional 232,297 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Down 0.1 %

GS opened at $579.48 on Friday. The stock has a fifty day moving average of $582.92 and a 200-day moving average of $524.27. The company has a market capitalization of $181.90 billion, a P/E ratio of 17.00, a P/E/G ratio of 0.85 and a beta of 1.38. The Goldman Sachs Group, Inc. has a fifty-two week low of $372.07 and a fifty-two week high of $612.73. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

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

Insider Activity at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction 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 $5,359,435.50. This represents a 16.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the completion of the transaction, the director now directly owns 608,425 shares in the company, valued at approximately $372,404,774. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,940 shares of company stock worth $13,717,979. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the topic of several analyst reports. Oppenheimer dropped their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Barclays upped their price objective on The Goldman Sachs Group from $588.00 to $713.00 and gave the stock an “overweight” rating in a research note on Monday. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley upped their price objective on 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. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $569.31.

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.