Franklin Street Advisors Inc. NC Has $21.93 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Franklin Street Advisors Inc. NC raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 38,304 shares of the investment management company’s stock after acquiring an additional 2,863 shares during the period. The Goldman Sachs Group comprises about 1.5% of Franklin Street Advisors Inc. NC’s investment portfolio, making the stock its 23rd largest holding. Franklin Street Advisors Inc. NC’s holdings in The Goldman Sachs Group were worth $21,934,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Fortitude Family Office LLC boosted its stake in The Goldman Sachs Group by 2.3% in the fourth quarter. Fortitude Family Office LLC now owns 1,964 shares of the investment management company’s stock valued at $1,124,000 after acquiring an additional 45 shares during the last quarter. Fulton Bank N.A. boosted its stake in The Goldman Sachs Group by 22.5% in the fourth quarter. Fulton Bank N.A. now owns 3,798 shares of the investment management company’s stock valued at $2,175,000 after acquiring an additional 697 shares during the last quarter. Park National Corp OH bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $212,000. Westwind Capital bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $126,000. Finally, Norway Savings Bank raised its holdings in The Goldman Sachs Group by 5.1% in the fourth quarter. Norway Savings Bank now owns 2,721 shares of the investment management company’s stock worth $1,558,000 after purchasing an additional 131 shares during the period. 71.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GS shares. Morgan Stanley increased their target price on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Bank of America raised their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Oppenheimer dropped their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, UBS Group restated a “neutral” rating and set a $610.00 price objective on shares of The Goldman Sachs Group in a report on Monday. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average target price of $569.31.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded down $20.43 during midday trading on Friday, hitting $559.59. 1,139,728 shares of the company were exchanged, compared to its average volume of 1,749,215. The firm has a market capitalization of $175.66 billion, a P/E ratio of 16.42, a PEG ratio of 0.85 and a beta of 1.38. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s 50 day moving average price is $582.92 and its two-hundred day moving average price is $524.27. The Goldman Sachs Group, Inc. has a 52 week low of $372.07 and a 52 week high of $612.73.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping the consensus estimate of $6.89 by $1.51. The business had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The Goldman Sachs Group’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.47 EPS. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current year.

Insider Activity

In related news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This represents a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the transaction, the executive vice president now directly owns 57,614 shares in the company, valued at approximately $34,358,685.04. This represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,940 shares of company stock worth $13,717,979. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group 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.