PAX Financial Group LLC Invests $441,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

PAX Financial Group LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 808 shares of the investment management company's stock, valued at approximately $441,000.

Several other large investors have also made changes to their positions in GS. Deutsche Bank AG increased its stake in The Goldman Sachs Group by 15.4% in the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock valued at $594,412,000 after acquiring an additional 138,198 shares during the period. Baxter Bros Inc. raised its holdings in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after buying an additional 151 shares in the last quarter. Clear Creek Financial Management LLC bought a new position in shares of The Goldman Sachs Group during the 1st quarter worth approximately $321,000. Terra Nova Asset Management LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at $1,643,000. Finally, Strategic Blueprint LLC grew its position in The Goldman Sachs Group by 15.2% in the first quarter. Strategic Blueprint LLC now owns 3,271 shares of the investment management company's stock valued at $1,787,000 after acquiring an additional 432 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Evercore ISI set a $715.00 price target on shares of The Goldman Sachs Group and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Finally, Citigroup lowered their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of "Hold" and an average price target of $630.87.

The Goldman Sachs Group Stock Up 0.1%

Shares of NYSE:GS traded up $0.54 during mid-day trading on Thursday, reaching $709.36. 1,459,843 shares of the stock were exchanged, compared to its average volume of 2,374,569. The stock's 50 day simple moving average is $641.38 and its 200-day simple moving average is $599.03. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $726.00. The company has a market cap of $217.66 billion, a P/E ratio of 16.47, a P/E/G ratio of 0.96 and a beta of 1.35. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The business had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same quarter in the previous year, the firm posted $8.62 earnings per share. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Profile

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.