Prevail Innovative Wealth Advisors LLC Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Prevail Innovative Wealth Advisors LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,168 shares of the investment management company’s stock, valued at approximately $2,823,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in The Goldman Sachs Group by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company’s stock worth $3,761,576,000 after purchasing an additional 161,500 shares in the last quarter. GAMMA Investing LLC lifted its holdings in The Goldman Sachs Group by 63,864.7% during the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock worth $2,172,423,000 after purchasing an additional 3,970,467 shares in the last quarter. FMR LLC raised its holdings in shares of The Goldman Sachs Group by 23.7% in the 4th quarter. FMR LLC now owns 3,586,348 shares of the investment management company’s stock valued at $2,053,614,000 after acquiring an additional 687,711 shares in the last quarter. Northern Trust Corp raised its holdings in shares of The Goldman Sachs Group by 15.0% in the 4th quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company’s stock valued at $1,885,454,000 after acquiring an additional 428,502 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at about $1,766,238,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.2%

Shares of NYSE GS opened at $713.30 on Tuesday. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $726.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The stock has a market cap of $218.87 billion, a P/E ratio of 16.55, a PEG ratio of 0.96 and a beta of 1.35. The business’s fifty day simple moving average is $635.21 and its 200-day simple moving average is $597.55.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same quarter last year, the company posted $11.58 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

Analysts Set New Price Targets

GS has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. JMP Securities restated a “market perform” rating and set a $600.00 price target on shares of The Goldman Sachs Group in a research report on Monday. Royal Bank Of Canada reissued a “sector perform” rating on shares of The Goldman Sachs Group in a report on Thursday. Citigroup lowered their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Finally, Barclays lowered their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $614.00.

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.