Northstar Advisory Group LLC Boosts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Northstar Advisory Group LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 67.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,078 shares of the investment management company’s stock after buying an additional 2,843 shares during the quarter. The Goldman Sachs Group makes up approximately 2.1% of Northstar Advisory Group LLC’s investment portfolio, making the stock its 13th biggest holding. Northstar Advisory Group LLC’s holdings in The Goldman Sachs Group were worth $4,053,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of GS. Fulcrum Capital LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $286,000. Cooper Financial Group lifted its holdings in The Goldman Sachs Group by 9.7% during the fourth quarter. Cooper Financial Group now owns 3,522 shares of the investment management company’s stock worth $2,017,000 after buying an additional 310 shares during the period. Cadent Capital Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $1,167,000. Wedmont Private Capital raised its position in shares of The Goldman Sachs Group by 8.3% in the 4th quarter. Wedmont Private Capital now owns 4,898 shares of the investment management company’s stock worth $2,743,000 after acquiring an additional 374 shares in the last quarter. Finally, Talbot Financial LLC lifted its stake in shares of The Goldman Sachs Group by 1.1% during the 4th quarter. Talbot Financial LLC now owns 41,142 shares of the investment management company’s stock worth $23,558,000 after purchasing an additional 451 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded up $3.75 on Monday, hitting $563.75. The company had a trading volume of 1,855,312 shares, compared to its average volume of 2,014,965. The Goldman Sachs Group, Inc. has a twelve month low of $372.07 and a twelve month high of $612.73. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market cap of $176.97 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. The company has a 50-day moving average price of $583.74 and a 200-day moving average price of $525.91.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same quarter in the prior year, the firm posted $5.47 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent research reports. Evercore ISI boosted their target price on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Citigroup lifted their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, UBS Group restated a “neutral” rating and set a $610.00 target price on shares of The Goldman Sachs Group in a research note on Monday, January 6th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $569.31.

Insiders Place Their Bets

In related news, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the sale, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,940 shares of company stock worth $13,717,979. Company insiders own 0.54% of the company’s stock.

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.