Altman Advisors Inc. Reduces Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Altman Advisors Inc. cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,127 shares of the investment management company’s stock after selling 57 shares during the period. Altman Advisors Inc.’s holdings in The Goldman Sachs Group were worth $2,259,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares during the period. Revolve Wealth Partners LLC boosted its position in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after buying an additional 58 shares during the period. Bank Pictet & Cie Europe AG purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at about $583,000. Highview Capital Management LLC DE boosted its position in The Goldman Sachs Group by 4.7% in the 4th quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company’s stock valued at $2,186,000 after buying an additional 171 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in The Goldman Sachs Group by 5.4% in the 4th quarter. Proficio Capital Partners LLC now owns 7,916 shares of the investment management company’s stock valued at $4,533,000 after buying an additional 404 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 1.5%

NYSE:GS opened at $702.28 on Wednesday. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $726.00. The firm has a 50 day moving average of $638.26 and a 200 day moving average of $598.28. 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 stock has a market capitalization of $215.49 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 0.97 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. HSBC reissued a “reduce” rating and issued a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Wall Street Zen raised shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price target for the company. in a research report on Friday, April 4th. Barclays lowered their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Finally, Oppenheimer cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.