1,253 Shares in The Goldman Sachs Group, Inc. $GS Bought by Morningstar Investment Management LLC

Key Points

• Morningstar Investment Management LLC acquired 1,253 shares of The Goldman Sachs Group, Inc., valued at approximately $887,000, marking a new position for the firm in the second quarter.
• Insider transactions revealed that COO John E. Waldron sold 9,244 shares for about $6.93 million, reducing his ownership by 7.42%, while CFO Denis P. Coleman sold 7,463 shares, resulting in a 28.64% decrease in his position.
• Analysts have a consensus rating of "Hold" for The Goldman Sachs Group stock, with target prices ranging from $700 to $850, indicating varying levels of confidence in the company's performance.

Morningstar Investment Management LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,253 shares of the investment management company's stock, valued at approximately $887,000.

Other institutional investors also recently bought and sold shares of the company. Dogwood Wealth Management LLC lifted its position in The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company's stock worth $26,000 after buying an additional 36 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in The Goldman Sachs Group in the first quarter worth $25,000. American Capital Advisory LLC bought a new stake in The Goldman Sachs Group in the first quarter worth $29,000. Ridgewood Investments LLC lifted its position in The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock worth $38,000 after buying an additional 17 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in The Goldman Sachs Group by 46.9% in the first quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company's stock worth $38,000 after buying an additional 23 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,244 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the transaction, the chief operating officer owned 115,268 shares in the company, valued at approximately $86,463,679.48. This trade represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Denis P. Coleman sold 7,463 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the transaction, the chief financial officer owned 18,594 shares in the company, valued at approximately $13,469,493.60. This represents a 28.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,323 shares of company stock worth $28,111,828. Corporate insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GS. Citigroup increased their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. UBS Group increased their target price on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 7th. Zacks Research lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 16th. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $790.00 to $850.00 and gave the stock a "market perform" rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a "hold" rating in a research note on Tuesday, September 30th. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $746.69.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $788.52 on Tuesday. The firm has a market cap of $238.70 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.44 and a beta of 1.42. 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 Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25. The stock's fifty day moving average price is $762.04 and its 200-day moving average price is $665.38.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating the consensus estimate of $9.82 by $1.09. The firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The business's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $8.62 earnings per share. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

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.

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