Signet Financial Management LLC Sells 36 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Signet Financial Management LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,888 shares of the investment management company’s stock after selling 36 shares during the period. Signet Financial Management LLC’s holdings in The Goldman Sachs Group were worth $1,654,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Waddell & Associates LLC raised its position in The Goldman Sachs Group by 2.1% in the 3rd quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock valued at $444,000 after purchasing an additional 18 shares during the last quarter. Wescott Financial Advisory Group LLC increased its stake in shares of The Goldman Sachs Group by 0.7% in the third quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock valued at $1,346,000 after buying an additional 18 shares in the last quarter. Bank of New Hampshire raised its holdings in shares of The Goldman Sachs Group by 8.0% in the fourth quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock valued at $139,000 after buying an additional 18 shares during the last quarter. First Pacific Financial lifted its position in The Goldman Sachs Group by 0.6% during the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock worth $1,568,000 after buying an additional 20 shares in the last quarter. Finally, Krane Funds Advisors LLC grew its holdings in The Goldman Sachs Group by 1.7% during the 3rd quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock worth $583,000 after acquiring an additional 20 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Friday, November 29th. The stock was 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 $372,404,774. The trade was a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Solomon sold 6,550 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $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. Over the last 90 days, insiders sold 22,940 shares of company stock valued at $13,717,979. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $3.75 during trading hours on Monday, hitting $563.75. The company had a trading volume of 1,868,601 shares, compared to its average volume of 2,014,965. The firm has a 50-day moving average of $583.74 and a 200 day moving average of $525.91. 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 firm has a market cap of $176.97 billion, a PE ratio of 16.54, a PEG ratio of 0.85 and a beta of 1.38. The Goldman Sachs Group, Inc. has a one year low of $372.07 and a one year high of $612.73.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $5.47 earnings per share. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current year.

Analysts Set New Price Targets

GS has been the subject of a number of analyst reports. Evercore ISI lifted their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $520.00 to $550.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Barclays upped their price objective on shares of The Goldman Sachs Group from $588.00 to $713.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Oppenheimer reduced their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average target price of $569.31.

The Goldman Sachs Group Company 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.