Franklin Street Advisors Inc. NC Acquires 4,062 Shares of Goldman Sachs Group Inc (GS)

Franklin Street Advisors Inc. NC boosted its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 37.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,772 shares of the investment management company’s stock after buying an additional 4,062 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Goldman Sachs Group were worth $3,763,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GS. Northwest Quadrant Wealth Management LLC purchased a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at approximately $407,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at approximately $101,000. Sterling Investment Advisors Ltd. increased its position in shares of Goldman Sachs Group by 35.7% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at approximately $111,000. Finally, Gs Investments Inc. purchased a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at approximately $111,000. Institutional investors own 73.28% of the company’s stock.

Shares of Goldman Sachs Group Inc (NYSE:GS) traded up $1.43 during trading on Wednesday, reaching $258.46. 4,443,800 shares of the company’s stock traded hands, compared to its average volume of 2,864,460. Goldman Sachs Group Inc has a 52 week low of $209.62 and a 52 week high of $262.14. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $95,440.00, a P/E ratio of 13.43, a P/E/G ratio of 0.94 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.14 by $0.54. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The company had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. During the same period last year, the firm posted $5.08 EPS. Goldman Sachs Group’s revenue for the quarter was down 4.2% on a year-over-year basis. sell-side analysts anticipate that Goldman Sachs Group Inc will post 18.98 earnings per share for the current year.

In other news, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Harvey M. Schwartz sold 25,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.00, for a total transaction of $6,125,000.00. The disclosure for this sale can be found here. Insiders sold a total of 130,226 shares of company stock valued at $31,247,168 in the last 90 days. Company insiders own 2.57% of the company’s stock.

A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 target price on the stock in a research report on Tuesday, December 19th. Vertical Group raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $295.00 target price (up from $265.00) on shares of Goldman Sachs Group in a research report on Wednesday, December 20th. Barclays increased their target price on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Goldman Sachs Group in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $250.89.

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Goldman Sachs Group Company Profile

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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