Davis Investment Partners LLC Reduces Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Davis Investment Partners LLC lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 22.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 897 shares of the investment management company’s stock after selling 262 shares during the period. Davis Investment Partners LLC’s holdings in The Goldman Sachs Group were worth $502,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GS. Semmax Financial Advisors Inc. purchased a new stake in The Goldman Sachs Group in the second quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $27,000. West Branch Capital LLC acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth $30,000. DT Investment Partners LLC raised its position 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 buying an additional 33 shares during the period. Finally, Quest Partners LLC boosted its holdings in The Goldman Sachs Group by 6,300.0% in the second 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 during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. This trade represents a 16.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the sale, the chief executive officer now owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,940 shares of company stock worth $13,717,979. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $3.75 during trading on Monday, hitting $563.75. 1,855,208 shares of the stock were exchanged, compared to its average volume of 2,014,305. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 12 month low of $372.07 and a 12 month high of $612.73. The stock’s fifty day moving average is $583.74 and its 200 day moving average is $525.91. The stock has a market cap of $176.97 billion, a PE ratio of 16.54, a P/E/G ratio of 0.85 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The company had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter in the previous year, the company posted $5.47 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Oppenheimer decreased their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Barclays upped their target price on The Goldman Sachs Group from $588.00 to $713.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Wells Fargo & Company raised their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Evercore ISI upped their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Bank of America lifted their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $569.31.

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.