AdvisorNet Financial Inc Sells 28 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

AdvisorNet Financial Inc reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 755 shares of the investment management company’s stock after selling 28 shares during the quarter. AdvisorNet Financial Inc’s holdings in The Goldman Sachs Group were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Semmax Financial Advisors Inc. bought a new stake in The Goldman Sachs Group in the second quarter worth $26,000. Headlands Technologies LLC purchased a new position in shares of The Goldman Sachs Group in the 2nd quarter worth about $27,000. Quest Partners LLC boosted its stake in The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after purchasing an additional 63 shares in the last quarter. West Branch Capital LLC purchased a new stake in shares of The Goldman Sachs Group during the third quarter valued at approximately $30,000. Finally, DT Investment Partners LLC increased its holdings in shares of The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on GS shares. JMP Securities upped their target price 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. Evercore ISI increased their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. UBS Group reiterated a “neutral” rating and set a $610.00 target price on shares of The Goldman Sachs Group in a research note on Monday, January 6th. Finally, Bank of America upped their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $569.31.

The Goldman Sachs Group Stock Up 6.0 %

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

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period last year, the firm earned $5.48 earnings per share. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current fiscal year.

Insider Transactions at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the completion of the transaction, the director now directly owns 608,425 shares of the company’s stock, valued at approximately $372,404,774. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of the company’s stock in a transaction 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 sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,940 shares of company stock valued at $12,656,179. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group 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.