Koshinski Asset Management Inc. Purchases 91 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Koshinski Asset Management Inc. raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 9.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,107 shares of the investment management company’s stock after acquiring an additional 91 shares during the period. Koshinski Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $548,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in The Goldman Sachs Group during the first quarter worth about $1,903,374,000. Legal & General Group Plc boosted its holdings in shares of The Goldman Sachs Group by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company’s stock valued at $1,257,602,000 after buying an additional 77,700 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of The Goldman Sachs Group by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,117,311 shares of the investment management company’s stock valued at $957,684,000 after buying an additional 68,141 shares in the last quarter. Jennison Associates LLC raised its position in The Goldman Sachs Group by 18.0% during the first quarter. Jennison Associates LLC now owns 1,801,395 shares of the investment management company’s stock worth $752,425,000 after acquiring an additional 274,509 shares in the last quarter. Finally, Capital Wealth Planning LLC lifted its stake in The Goldman Sachs Group by 0.3% in the first quarter. Capital Wealth Planning LLC now owns 1,193,401 shares of the investment management company’s stock valued at $498,472,000 after acquiring an additional 3,396 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of The Goldman Sachs Group from $548.00 to $577.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. BMO Capital Markets lifted their target price on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. JMP Securities lifted their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average price target of $504.75.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $523.02 on Tuesday. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $523.07. The stock has a market capitalization of $168.66 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50 day simple moving average is $494.34 and its 200 day simple moving average is $466.65.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 EPS for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. The company had revenue of $12.73 billion during the quarter, compared to analysts’ expectations of $12.60 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 35.52 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.