Eads & Heald Wealth Management Acquires New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Eads & Heald Wealth Management acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 531 shares of the investment management company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GS. Fairfield Bush & CO. bought a new stake in The Goldman Sachs Group in the first quarter valued at about $66,000. Candriam Luxembourg S.C.A. boosted its stake in The Goldman Sachs Group by 1,505.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company’s stock valued at $13,633,000 after acquiring an additional 38,727 shares during the period. Baird Financial Group Inc. boosted its stake in The Goldman Sachs Group by 18.5% in the first quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company’s stock valued at $39,153,000 after acquiring an additional 18,540 shares during the period. Zions Bancorporation N.A. boosted its stake in The Goldman Sachs Group by 79.4% in the first quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company’s stock valued at $273,000 after acquiring an additional 366 shares during the period. Finally, Covestor Ltd boosted its position in shares of The Goldman Sachs Group by 118.3% during the first quarter. Covestor Ltd now owns 310 shares of the investment management company’s stock worth $102,000 after buying an additional 168 shares during the period. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GS has been the subject of several analyst reports. UBS Group boosted their price objective on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. HSBC boosted their price objective on The Goldman Sachs Group from $432.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research report on Tuesday. Barclays upped their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada upped their target price on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $434.38.

The Goldman Sachs Group Stock Down 0.6 %

NYSE:GS traded down $2.28 during trading hours on Tuesday, hitting $398.60. 916,820 shares of the stock traded hands, compared to its average volume of 2,300,870. The firm has a 50 day moving average price of $395.09 and a 200 day moving average price of $364.56. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $419.20. The firm has a market cap of $129.36 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.51 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, April 16th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The company had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same period in the previous year, the business earned $8.79 EPS. The company’s revenue was up 16.1% on a year-over-year basis. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 32.76 earnings per share for the current year.

Insider Activity

In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the insider now owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The disclosure for this sale can be found here. Insiders have sold a total of 38,907 shares of company stock worth $15,080,021 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

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.