Prevail Innovative Wealth Advisors LLC Purchases Shares of 5,168 The Goldman Sachs Group, Inc. (NYSE:GS)

Prevail Innovative Wealth Advisors LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,168 shares of the investment management company's stock, valued at approximately $2,823,000.

Several other institutional investors have also added to or reduced their stakes in GS. Castlekeep Investment Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 33.5% during the first quarter. Castlekeep Investment Advisors LLC now owns 3,941 shares of the investment management company's stock valued at $2,153,000 after acquiring an additional 988 shares in the last quarter. Asahi Life Asset Management CO. LTD. increased its position in The Goldman Sachs Group by 11.6% during the 1st quarter. Asahi Life Asset Management CO. LTD. now owns 9,953 shares of the investment management company's stock valued at $5,437,000 after purchasing an additional 1,037 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in The Goldman Sachs Group by 181.9% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 79,079 shares of the investment management company's stock worth $43,200,000 after purchasing an additional 51,030 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of The Goldman Sachs Group by 36.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 9,217 shares of the investment management company's stock worth $5,035,000 after purchasing an additional 2,475 shares during the period. Finally, Apollon Wealth Management LLC boosted its stake in shares of The Goldman Sachs Group by 7.3% during the 1st quarter. Apollon Wealth Management LLC now owns 14,014 shares of the investment management company's stock valued at $7,656,000 after purchasing an additional 954 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

GS traded down $11.02 during trading on Tuesday, hitting $702.28. The company's stock had a trading volume of 1,974,211 shares, compared to its average volume of 2,380,649. The business's 50 day simple moving average is $635.21 and its 200-day simple moving average is $597.55. The firm has a market cap of $215.49 billion, a PE ratio of 16.30, a P/E/G ratio of 0.96 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 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 Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the previous year, the company posted $11.58 EPS. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on GS shares. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a report on Friday, April 4th. Wells Fargo & Company increased their target price on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Royal Bank Of Canada restated a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Finally, Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $614.00.

The Goldman Sachs Group Company 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.