Cadent Capital Advisors LLC Invests $1.17 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

Cadent Capital Advisors LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,038 shares of the investment management company’s stock, valued at approximately $1,167,000.

A number of other large investors have also recently bought and sold shares of GS. Mizuho Securities USA LLC boosted its position in The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after buying an additional 7,475,140 shares during the period. Fisher Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 2.7% in the third quarter. Fisher Asset Management LLC now owns 6,042,640 shares of the investment management company’s stock worth $2,991,772,000 after purchasing an additional 161,133 shares during the last quarter. FMR LLC increased its holdings in The Goldman Sachs Group by 21.9% in the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after purchasing an additional 521,054 shares during the period. Legal & General Group Plc raised its position in The Goldman Sachs Group by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company’s stock worth $1,257,602,000 after purchasing an additional 77,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of The Goldman Sachs Group by 3.3% in the 2nd 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 during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $612.08, for a total value of $3,060,400.00. Following the transaction, the director now owns 608,425 shares in the company, valued at approximately $372,404,774. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian J. Lee sold 2,000 shares of the stock in a transaction 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 sale, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,940 shares of company stock worth $13,717,979 in the last quarter. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

Shares of GS traded down $0.31 during trading hours on Monday, reaching $559.69. 1,036,797 shares of the company’s stock traded hands, compared to its average volume of 1,893,566. The Goldman Sachs Group, Inc. has a 12 month low of $372.07 and a 12 month high of $612.73. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a market cap of $175.69 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. The firm’s 50 day simple moving average is $583.74 and its 200-day simple moving average is $525.91.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same period in the previous year, the firm posted $5.47 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities analysts expect that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on GS shares. Evercore ISI upped their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Bank of America lifted their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $520.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Finally, HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $569.31.

Read Our Latest Analysis on GS

The Goldman Sachs Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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