Armstrong Advisory Group Inc. Acquires 23 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Armstrong Advisory Group Inc. grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 467 shares of the investment management company’s stock after purchasing an additional 23 shares during the period. Armstrong Advisory Group Inc.’s holdings in The Goldman Sachs Group were worth $231,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sunflower Bank N.A. bought a new stake in shares of The Goldman Sachs Group in the third quarter valued at approximately $241,000. Willner & Heller LLC grew its stake in The Goldman Sachs Group by 1.1% during the third quarter. Willner & Heller LLC now owns 2,466 shares of the investment management company’s stock valued at $1,221,000 after acquiring an additional 26 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in The Goldman Sachs Group by 9.0% during the third quarter. Koshinski Asset Management Inc. now owns 1,107 shares of the investment management company’s stock valued at $548,000 after acquiring an additional 91 shares in the last quarter. Factory Mutual Insurance Co. purchased a new position in The Goldman Sachs Group during the third quarter valued at approximately $23,369,000. Finally, CHICAGO TRUST Co NA grew its stake in The Goldman Sachs Group by 70.1% during the third quarter. CHICAGO TRUST Co NA now owns 920 shares of the investment management company’s stock valued at $456,000 after acquiring an additional 379 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the firm’s 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 completion of the sale, the insider now directly owns 12,095 shares in the company, valued at approximately $6,119,949.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 12,450 shares in the company, valued at approximately $6,287,748. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian J. Lee sold 3,500 shares of the firm’s 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 sale, the insider now owns 12,095 shares of the company’s stock, valued at approximately $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. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GS has been the subject of several recent analyst reports. 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. UBS Group increased their price target on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Barclays increased their price target on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $504.75.

The Goldman Sachs Group Trading Up 2.5 %

NYSE:GS opened at $516.30 on Monday. The company has a 50-day moving average price of $493.06 and a 200-day moving average price of $465.91. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $517.97. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.20. The stock has a market cap of $166.49 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 0.77 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly 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 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 analysts’ expectations of $12.60 billion. Equities analysts predict that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current year.

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.