Sigma Planning Corp Purchases 4,298 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Sigma Planning Corp raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 96.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,760 shares of the investment management company's stock after buying an additional 4,298 shares during the quarter. Sigma Planning Corp's holdings in The Goldman Sachs Group were worth $4,786,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Curio Wealth LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $30,000. Mascagni Wealth Management Inc. purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $31,000. American Capital Advisory LLC purchased a new position in shares of The Goldman Sachs Group during the first quarter worth about $29,000. Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $31,000. Finally, Godsey & Gibb Inc. grew its holdings in shares of The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after purchasing an additional 34 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 stock traded up $5.33 during trading on Wednesday, reaching $707.84. The stock had a trading volume of 3,319,797 shares, compared to its average volume of 2,378,009. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $726.00. The stock's 50 day moving average is $641.38 and its two-hundred day moving average is $599.03. 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 has a market cap of $217.19 billion, a PE ratio of 16.43, a PEG ratio of 0.96 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating analysts' consensus estimates 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%. The company had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the prior year, the company earned $8.62 earnings per share. The Goldman Sachs Group's revenue was up 14.5% on a year-over-year basis. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Morgan Stanley restated an "equal weight" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Citigroup decreased their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. 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. Finally, Citizens Jmp reissued a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday. One 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.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $614.00.

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.