The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,943 shares of the investment management company's stock after purchasing an additional 965 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in The Goldman Sachs Group were worth $24,551,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Prestige Wealth Management Group LLC lifted its position in shares of The Goldman Sachs Group by 1.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company's stock valued at $950,000 after acquiring an additional 18 shares in the last quarter. Wynn Capital LLC boosted its holdings in shares of The Goldman Sachs Group by 0.3% during the first quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock worth $3,211,000 after purchasing an additional 20 shares during the last quarter. 1900 Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group by 2.6% during the first quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company's stock worth $425,000 after purchasing an additional 20 shares during the last quarter. World Equity Group Inc. boosted its holdings in shares of The Goldman Sachs Group by 0.9% during the first quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company's stock worth $1,273,000 after purchasing an additional 20 shares during the last quarter. Finally, Register Financial Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 2.5% during the first quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company's stock worth $440,000 after purchasing an additional 20 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GS shares. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Hsbc Global Res cut The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report 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. Citigroup reduced their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Finally, Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and an average price target of $614.00.

The Goldman Sachs Group Stock Up 0.8%

Shares of NYSE:GS traded up $5.33 during trading on Wednesday, hitting $707.84. The company's stock had a trading volume of 3,319,797 shares, compared to its average volume of 2,378,016. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $726.00. The stock's 50-day moving average price is $641.38 and its two-hundred day moving average price is $599.03. The company has a market capitalization 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 released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 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%. The business had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. During the same quarter in the previous year, the firm posted $8.62 earnings per share. The company's revenue was up 14.5% compared to the same quarter last year. As a group, sell-side 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.