Bruce G. Allen Investments LLC Has $134,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Bruce G. Allen Investments LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 18.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 234 shares of the investment management company’s stock after purchasing an additional 37 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in The Goldman Sachs Group were worth $134,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in GS. Procyon Advisors LLC raised its holdings in The Goldman Sachs Group by 5.5% during the 3rd quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock worth $411,000 after purchasing an additional 43 shares during the last quarter. Brookstone Capital Management grew its holdings in The Goldman Sachs Group by 19.9% during the 3rd quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock worth $2,268,000 after acquiring an additional 761 shares during the period. Granite Bay Wealth Management LLC bought a new position in shares of The Goldman Sachs Group in the 2nd quarter worth $5,529,000. Principal Financial Group Inc. grew its stake in shares of The Goldman Sachs Group by 2.1% during the third quarter. Principal Financial Group Inc. now owns 364,276 shares of the investment management company’s stock worth $180,357,000 after purchasing an additional 7,644 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in The Goldman Sachs Group by 2.7% in the third quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock valued at $2,991,772,000 after buying an additional 161,133 shares during the period. Institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GS shares. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. UBS Group reissued a “neutral” rating and set a $610.00 price target on shares of The Goldman Sachs Group in a research report on Monday. Evercore ISI upped their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Citigroup lifted their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Finally, Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $569.31.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded down $19.10 during midday trading on Friday, hitting $560.92. 2,093,041 shares of the company’s stock were exchanged, compared to its average volume of 1,890,867. The Goldman Sachs Group, Inc. has a 12 month low of $372.07 and a 12 month high of $612.73. The company’s 50 day moving average price is $582.92 and its 200 day moving average price is $524.27. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $176.08 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38.

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

Insider Transactions at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the sale, the director now directly owns 608,425 shares in the company, valued at approximately $372,404,774. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian J. Lee sold 2,000 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This trade represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,940 shares of company stock valued at $13,717,979. 0.54% of the stock is owned by corporate insiders.

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.