Tyche Wealth Partners LLC Invests $1.36 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

Tyche Wealth Partners LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,529 shares of the investment management company's stock, valued at approximately $1,361,000.

A number of other institutional investors have also recently bought and sold shares of GS. Norges Bank acquired a new stake in The Goldman Sachs Group during the fourth quarter valued at $759,531,000. Morgan Stanley boosted its position in The Goldman Sachs Group by 40.0% during the fourth quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company's stock valued at $2,038,425,000 after purchasing an additional 1,696,350 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its position in The Goldman Sachs Group by 168,772.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,244,589 shares of the investment management company's stock valued at $427,367,000 after purchasing an additional 1,243,852 shares during the last quarter. Congress Wealth Management LLC DE boosted its position in The Goldman Sachs Group by 27,076.5% during the third quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company's stock valued at $211,396,000 after purchasing an additional 650,918 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in The Goldman Sachs Group by 1,791.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 515,358 shares of the investment management company's stock valued at $168,579,000 after purchasing an additional 488,109 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded down $4.37 during mid-day trading on Tuesday, reaching $396.51. The company had a trading volume of 3,459,210 shares, compared to its average volume of 2,335,887. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $419.20. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29. The company has a market cap of $128.68 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.51 and a beta of 1.43. The business has a fifty day simple moving average of $395.09 and a 200 day simple moving average of $364.56.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts' consensus estimates of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The company's quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $8.79 earnings per share. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 32.76 earnings per share for the current year.

Analysts Set New Price Targets

GS has been the topic of several recent research reports. Barclays raised their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an "overweight" rating in a report on Tuesday, January 2nd. Evercore ISI raised their target price on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an "outperform" rating in a report on Tuesday. BMO Capital Markets raised their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a "market perform" rating in a report on Tuesday. HSBC raised their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Argus upgraded The Goldman Sachs Group from a "hold" rating to a "buy" rating and set a $465.00 target price on the stock in a report on Tuesday. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $434.93.

Insider Buying and Selling

In related news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the completion of the transaction, the insider now owns 10,121 shares of the company's stock, valued at $3,809,443.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total value of $1,129,170.00. Following the completion of the sale, the insider now directly owns 10,121 shares of the company's stock, valued at $3,809,443.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares of the company's stock, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders sold 38,907 shares of company stock valued at $15,080,021 over the last quarter. Insiders own 0.57% of the company's stock.

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.

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