Thurston Springer Miller Herd & Titak Inc. Boosts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 30.4% in the 4th quarter, HoldingsChannel reports. The firm owned 949 shares of the investment management company’s stock after purchasing an additional 221 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in The Goldman Sachs Group were worth $543,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Procyon Advisors LLC grew its stake in The Goldman Sachs Group by 5.5% during the third quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock valued at $411,000 after acquiring an additional 43 shares in the last quarter. Brookstone Capital Management grew its position in shares of The Goldman Sachs Group by 19.9% during the third quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock valued at $2,268,000 after purchasing an additional 761 shares in the last quarter. Granite Bay Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group in the second quarter worth about $5,529,000. Franklin Street Advisors Inc. NC lifted its position in shares of The Goldman Sachs Group by 8.1% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock worth $21,934,000 after buying an additional 2,863 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in The Goldman Sachs Group by 30.3% during the fourth quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock valued at $122,453,000 after buying an additional 49,710 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Up 6.0 %

NYSE GS opened at $605.89 on Thursday. The stock has a market cap of $190.19 billion, a PE ratio of 17.78, a PEG ratio of 0.85 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12 month low of $372.07 and a 12 month high of $612.73. The company’s 50-day moving average price is $585.67 and its 200-day moving average price is $527.58. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The business had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the prior year, the firm earned $5.48 EPS. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of research reports. Barclays lifted their price objective on The Goldman Sachs Group from $588.00 to $713.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. JMP Securities upped their price target on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $520.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. UBS Group restated a “neutral” rating and issued a $610.00 target price on shares of The Goldman Sachs Group in a report on Monday, January 6th. Finally, Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $569.31.

Insiders Place Their Bets

In other news, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The shares were 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. The trade was a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,940 shares of company stock worth $12,656,179 in the last ninety days. 0.54% of the stock is owned by company 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.