Ritholtz Wealth Management Purchases 756 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Ritholtz Wealth Management grew its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 11.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,272 shares of the investment management company’s stock after purchasing an additional 756 shares during the quarter. Ritholtz Wealth Management’s holdings in The Goldman Sachs Group were worth $3,600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Semmax Financial Advisors Inc. bought a new stake in The Goldman Sachs Group during the second quarter worth $26,000. POM Investment Strategies LLC acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter worth $26,000. Headlands Technologies LLC bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth $27,000. SJS Investment Consulting Inc. boosted its stake in The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after buying an additional 31 shares in the last quarter. Finally, Quest Partners LLC grew its position in The Goldman Sachs Group by 6,300.0% in the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of a number of research analyst reports. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Seaport Res Ptn cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Barclays increased their price target on The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Oppenheimer boosted their price objective on The Goldman Sachs Group from $548.00 to $577.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley increased their target price on The Goldman Sachs Group from $513.00 to $561.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $504.75.

The Goldman Sachs Group Stock Up 2.5 %

Shares of The Goldman Sachs Group stock opened at $516.30 on Friday. The firm has a market cap of $163.05 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 0.77 and a beta of 1.36. The stock’s 50-day moving average is $493.06 and its 200 day moving average is $465.56. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $517.97.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 EPS for the quarter, topping the consensus estimate of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The company had revenue of $12.73 billion during the quarter, compared to the consensus estimate of $12.60 billion. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current year.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the transaction, the director now directly owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the transaction, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the transaction, the insider now owns 12,095 shares of the company’s stock, valued at $6,119,949.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

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.