Eagle Global Advisors LLC Buys 1,093 Shares of The Goldman Sachs Group, Inc. $GS

Eagle Global Advisors LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 7.9% during the third quarter, HoldingsChannel reports. The fund owned 14,931 shares of the investment management company’s stock after buying an additional 1,093 shares during the period. Eagle Global Advisors LLC’s holdings in The Goldman Sachs Group were worth $11,890,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GS. Kingstone Capital Partners Texas LLC raised its holdings in 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 worth $20,566,005,000 after buying an additional 29,053,586 shares during the last quarter. Norges Bank purchased a new stake in shares of The Goldman Sachs Group during the second quarter valued at approximately $2,138,031,000. Ninety One UK Ltd bought a new stake in shares of The Goldman Sachs Group during the second quarter valued at approximately $408,780,000. AGF Management Ltd. raised its holdings in The Goldman Sachs Group by 2,429.6% in the 2nd quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock worth $343,524,000 after acquiring an additional 466,187 shares during the last quarter. Finally, Laurel Wealth Advisors LLC raised its holdings in The Goldman Sachs Group by 100,678.6% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 404,122 shares of the investment management company’s stock worth $286,017,000 after acquiring an additional 403,721 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 0.6%

The Goldman Sachs Group stock opened at $932.49 on Thursday. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $961.69. The company has a market cap of $279.68 billion, a P/E ratio of 18.94, a P/E/G ratio of 0.99 and a beta of 1.33. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53. The business has a 50-day simple moving average of $861.31 and a two-hundred day simple moving average of $789.40.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.40 EPS. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on GS. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. BNP Paribas Exane increased their price objective on The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research report on Friday, October 17th. Barclays boosted their target price on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. HSBC set a $604.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday, January 7th. Finally, Royal Bank Of Canada lifted their price target on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the stock a “sector perform” rating in a research note on Friday, December 12th. Five research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus target price of $849.61.

View Our Latest Analysis on GS

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The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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

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