Lion Street Advisors LLC Boosts Position in The Goldman Sachs Group, Inc. $GS

Lion Street Advisors LLC increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,094 shares of the investment management company’s stock after buying an additional 85 shares during the period. Lion Street Advisors LLC’s holdings in The Goldman Sachs Group were worth $774,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Griffin Asset Management Inc. increased its stake in The Goldman Sachs Group by 2.8% in the 2nd quarter. Griffin Asset Management Inc. now owns 20,417 shares of the investment management company’s stock worth $14,450,000 after buying an additional 550 shares during the period. Pegasus Asset Management Inc. increased its stake in The Goldman Sachs Group by 1.4% in the 2nd quarter. Pegasus Asset Management Inc. now owns 13,780 shares of the investment management company’s stock worth $9,753,000 after buying an additional 186 shares during the period. MGO One Seven LLC increased its stake in The Goldman Sachs Group by 15.9% in the 2nd quarter. MGO One Seven LLC now owns 11,146 shares of the investment management company’s stock worth $7,889,000 after buying an additional 1,527 shares during the period. Welch Group LLC increased its stake in The Goldman Sachs Group by 3.2% in the 2nd quarter. Welch Group LLC now owns 16,404 shares of the investment management company’s stock worth $11,610,000 after buying an additional 501 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its stake in The Goldman Sachs Group by 60.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,602 shares of the investment management company’s stock worth $1,133,000 after buying an additional 604 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on GS. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Evercore ISI increased their target price on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a report on Tuesday, September 30th. Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Finally, Hsbc Global Res cut shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Five research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $746.69.

The Goldman Sachs Group Stock Down 1.9%

Shares of The Goldman Sachs Group stock opened at $765.14 on Monday. The firm’s 50 day moving average price is $760.79 and its 200-day moving average price is $663.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $825.25. The company has a market cap of $231.62 billion, a P/E ratio of 16.86, a PEG ratio of 1.44 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The firm had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the previous year, the firm earned $8.62 EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

Insider Activity

In other news, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the transaction, the chief executive officer owned 126,176 shares of the company’s stock, valued at $89,876,426.56. The trade was a 4.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the completion of the transaction, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock worth $28,111,828 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.

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.