VELA Investment Management LLC Boosts Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

VELA Investment Management LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 17.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,317 shares of the investment management company’s stock after acquiring an additional 349 shares during the period. VELA Investment Management LLC’s holdings in The Goldman Sachs Group were worth $894,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GS. Albert D Mason Inc. lifted its holdings in shares of The Goldman Sachs Group by 4.3% during the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after purchasing an additional 27 shares during the last quarter. Mayflower Financial Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 1.4% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 28 shares during the last quarter. Avitas Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 0.7% during the 4th quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock valued at $1,711,000 after purchasing an additional 29 shares during the last quarter. Samalin Investment Counsel LLC lifted its holdings in shares of The Goldman Sachs Group by 3.5% during the 3rd quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 30 shares during the last quarter. Finally, Hamilton Capital LLC increased its position in shares of The Goldman Sachs Group by 4.3% in the 3rd quarter. Hamilton Capital LLC now owns 727 shares of the investment management company’s stock valued at $235,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS traded up $11.39 on Monday, reaching $400.88. The company had a trading volume of 6,171,756 shares, compared to its average volume of 2,321,406. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $419.20. The stock has a market capitalization of $130.10 billion, a PE ratio of 17.60, a P/E/G ratio of 1.51 and a beta of 1.43. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.29. The stock has a 50-day moving average price of $394.74 and a 200-day moving average price of $364.03.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts’ consensus estimates of $8.57 by $3.01. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the previous year, the company earned $8.79 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 16.1% compared to the same quarter last year. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 32.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. HSBC upped their target price on The Goldman Sachs Group from $432.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. JMP Securities increased their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. BMO Capital Markets increased their price target on The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a “market perform” rating in a research report on Thursday, January 18th. Finally, JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $421.00 to $424.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $423.05.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the transaction, the insider now directly owns 10,121 shares in the company, valued at $3,809,443.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,300 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the sale, the chief accounting officer now owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian J. Lee sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the transaction, the insider now directly owns 10,121 shares in the company, valued at approximately $3,809,443.19. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,907 shares of company stock worth $15,080,021. 0.57% of the stock is owned by company insiders.

About The Goldman Sachs Group

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.