RoundAngle Advisors LLC Has $2.02 Million Stock Position in The Goldman Sachs Group, Inc. $GS

RoundAngle Advisors LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,849 shares of the investment management company’s stock after purchasing an additional 112 shares during the period. The Goldman Sachs Group makes up about 1.7% of RoundAngle Advisors LLC’s holdings, making the stock its 23rd biggest position. RoundAngle Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,016,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GS. Kingstone Capital Partners Texas LLC lifted its holdings in shares of The Goldman Sachs Group by 617,504.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after purchasing an additional 29,053,586 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter valued at $1,766,238,000. Nuveen LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter valued at $897,185,000. Assenagon Asset Management S.A. grew its position in shares of The Goldman Sachs Group by 102.6% in the first quarter. Assenagon Asset Management S.A. now owns 14,764 shares of the investment management company’s stock valued at $8,065,000 after purchasing an additional 585,084 shares in the last quarter. Finally, Ninety One UK Ltd purchased a new position in shares of The Goldman Sachs Group in the second quarter valued at $408,780,000. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other news, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the sale, the chief executive officer directly owned 126,176 shares in the company, valued at approximately $89,876,426.56. This trade represents a 4.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total value of $6,754,590.00. Following the completion of the sale, the chief operating officer owned 106,268 shares in the company, valued at approximately $79,755,196.68. This represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,323 shares of company stock valued at $28,111,828 in the last 90 days. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Down 1.9%

NYSE GS opened at $765.14 on Monday. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The stock has a 50-day moving average of $760.79 and a 200-day moving average of $663.66. The firm has a market cap of $231.62 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The company had revenue of $14.58 billion during the quarter, compared to analyst estimates of $13.53 billion. During the same quarter in the previous year, the company posted $8.62 EPS. The Goldman Sachs Group’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

Analyst Ratings Changes

GS has been the subject of several recent analyst reports. Citigroup boosted their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Wells Fargo & Company boosted their target price on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 8th. Evercore ISI boosted their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Finally, Daiwa Capital Markets boosted their target price on The Goldman Sachs Group from $756.00 to $810.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $746.69.

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.