Lineweaver Wealth Advisors LLC Purchases 504 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Lineweaver Wealth Advisors LLC raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 15.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,786 shares of the investment management company's stock after acquiring an additional 504 shares during the quarter. Lineweaver Wealth Advisors LLC's holdings in The Goldman Sachs Group were worth $2,072,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in The Goldman Sachs Group by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock worth $3,761,576,000 after purchasing an additional 161,500 shares in the last quarter. GAMMA Investing LLC increased its position in The Goldman Sachs Group by 63,864.7% during the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after purchasing an additional 3,970,467 shares in the last quarter. FMR LLC lifted its stake in The Goldman Sachs Group by 23.7% in the 4th quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock valued at $2,053,614,000 after purchasing an additional 687,711 shares during the last quarter. Northern Trust Corp boosted its position in The Goldman Sachs Group by 15.0% in the fourth quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock valued at $1,885,454,000 after buying an additional 428,502 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of The Goldman Sachs Group during the first quarter worth $1,766,238,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on GS shares. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Hsbc Global Res cut The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Morgan Stanley restated an "equal weight" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Citigroup reduced their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $614.00.

The Goldman Sachs Group Trading Down 0.2%

Shares of GS stock traded down $1.47 during trading hours on Wednesday, reaching $701.05. The company's stock had a trading volume of 382,829 shares, compared to its average volume of 2,373,910. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The firm's fifty day simple moving average is $638.26 and its 200 day simple moving average is $598.28. The stock has a market capitalization of $215.11 billion, a P/E ratio of 16.24, a P/E/G ratio of 0.97 and a beta of 1.35. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same period last year, the company posted $8.62 earnings per share. The Goldman Sachs Group's quarterly revenue was up 14.5% compared to the same quarter last year. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current 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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.