Allen Mooney & Barnes Investment Advisors LLC Has $1.20 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Allen Mooney & Barnes Investment Advisors LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,421 shares of the investment management company’s stock after acquiring an additional 41 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,199,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. acquired a new position in The Goldman Sachs Group during the second quarter worth $26,000. POM Investment Strategies LLC bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth about $26,000. Headlands Technologies LLC acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at about $27,000. SJS Investment Consulting Inc. raised its stake in shares of The Goldman Sachs Group by 103.3% in the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 31 shares in the last quarter. Finally, Quest Partners LLC raised its stake in shares of 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 valued at $29,000 after acquiring an additional 63 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $523.02 on Tuesday. The firm has a market capitalization of $168.66 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.77 and a beta of 1.36. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $523.07. The business has a fifty day simple moving average of $494.34 and a 200 day simple moving average of $466.65. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.20.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The business had revenue of $12.73 billion during the quarter, compared to analysts’ expectations of $12.60 billion. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current year.

Analyst Ratings Changes

GS has been the topic of several analyst reports. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. BMO Capital Markets raised their target price on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research note on Wednesday, July 17th. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. JMP Securities raised their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $464.00 to $472.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $504.75.

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.