The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Easterly Investment Partners LLC

Easterly Investment Partners LLC lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,090 shares of the investment management company’s stock after purchasing an additional 536 shares during the quarter. Easterly Investment Partners LLC’s holdings in The Goldman Sachs Group were worth $10,975,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GS. Prestige Wealth Management Group LLC increased its position in shares of The Goldman Sachs Group by 1.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company’s stock valued at $950,000 after purchasing an additional 18 shares during the last quarter. Wynn Capital LLC raised its holdings in shares of The Goldman Sachs Group by 0.3% in the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company’s stock valued at $3,211,000 after purchasing an additional 20 shares in the last quarter. 1900 Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 2.6% in the 1st quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company’s stock valued at $425,000 after purchasing an additional 20 shares in the last quarter. Register Financial Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 2.5% in the 1st quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company’s stock valued at $440,000 after purchasing an additional 20 shares in the last quarter. Finally, World Equity Group Inc. raised its holdings in shares of The Goldman Sachs Group by 0.9% in the 1st quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company’s stock valued at $1,273,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of analyst reports. Citigroup reduced their price objective on shares of 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. Evercore ISI set a $715.00 price objective on shares of The Goldman Sachs Group and gave the stock an “outperform” rating in a report on Thursday, July 10th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. HSBC reissued a “reduce” rating and set a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Finally, Oppenheimer cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $630.87.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $707.84 on Thursday. The firm has a market capitalization of $217.19 billion, a P/E ratio of 16.43, a PEG ratio of 0.96 and a beta of 1.35. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $726.00. The company’s fifty day moving average is $641.38 and its two-hundred day moving average is $599.03. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.82 by $1.09. The business had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.62 EPS. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

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.