Goldman Sachs Group Inc (GS) Position Boosted by Patriot Wealth Management Inc.

Patriot Wealth Management Inc. lifted its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,961 shares of the investment management company’s stock after buying an additional 418 shares during the quarter. Patriot Wealth Management Inc.’s holdings in Goldman Sachs Group were worth $6,868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Goldman Sachs Group in the second quarter worth $101,000. Sterling Investment Advisors Ltd. increased its position in shares of Goldman Sachs Group by 35.7% in the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after purchasing an additional 125 shares during the period. Shine Investment Advisory Services Inc. bought a new position in shares of Goldman Sachs Group in the second quarter worth $111,000. Gs Investments Inc. bought a new position in shares of Goldman Sachs Group in the second quarter worth $111,000. Finally, First Personal Financial Services increased its position in shares of Goldman Sachs Group by 230.2% in the second quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock worth $116,000 after purchasing an additional 366 shares during the period. 73.28% of the stock is owned by institutional investors.

Goldman Sachs Group Inc (NYSE GS) traded down $4.81 during trading hours on Wednesday, hitting $253.65. The stock had a trading volume of 8,603,680 shares, compared to its average volume of 2,740,000. The company has a market capitalization of $95,680.00, a PE ratio of 13.18, a P/E/G ratio of 0.94 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. Goldman Sachs Group Inc has a 52 week low of $209.62 and a 52 week high of $262.14.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.14 by $0.54. The company had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.64 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $5.08 earnings per share. equities analysts forecast that Goldman Sachs Group Inc will post 18.98 earnings per share for the current fiscal year.

A number of research analysts recently commented on GS shares. TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price target on the stock in a research report on Friday, October 20th. JPMorgan Chase & Co. restated a “buy” rating on shares of Goldman Sachs Group in a research report on Monday, November 20th. Bank of America raised their price target on Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Finally, Vertical Group upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $250.89.

In other news, insider David M. Solomon sold 2,400 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $238.49, for a total transaction of $572,376.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total value of $1,366,544.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,226 shares of company stock worth $31,247,168. Company insiders own 2.57% of the company’s stock.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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