Concord Asset Management LLC VA Sells 14 Shares of The Goldman Sachs Group, Inc. $GS

Concord Asset Management LLC VA reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,447 shares of the investment management company’s stock after selling 14 shares during the period. Concord Asset Management LLC VA’s holdings in The Goldman Sachs Group were worth $3,855,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Winthrop Advisory Group LLC lifted its holdings in The Goldman Sachs Group by 3.4% in the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock worth $303,000 after purchasing an additional 14 shares in the last quarter. Mechanics Financial Corp raised its holdings in shares of The Goldman Sachs Group by 5.8% during the 2nd quarter. Mechanics Financial Corp now owns 294 shares of the investment management company’s stock worth $208,000 after acquiring an additional 16 shares in the last quarter. Ridgewood Investments LLC raised its holdings in shares of The Goldman Sachs Group by 45.9% during the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after acquiring an additional 17 shares in the last quarter. Bank of Stockton raised its holdings in shares of The Goldman Sachs Group by 0.7% during the 2nd quarter. Bank of Stockton now owns 2,485 shares of the investment management company’s stock worth $1,759,000 after acquiring an additional 17 shares in the last quarter. Finally, Western Financial Corp CA raised its holdings in shares of The Goldman Sachs Group by 0.5% during the 2nd quarter. Western Financial Corp CA now owns 3,597 shares of the investment management company’s stock worth $2,546,000 after acquiring an additional 17 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the transaction, the executive vice president owned 65,761 shares of the company’s stock, valued at approximately $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the completion of the sale, the chief executive officer owned 126,176 shares in the company, valued at $89,876,426.56. This represents a 4.98% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $765.14 on Monday. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67. The business’s 50 day moving average price is $760.79 and its 200-day moving average price is $663.66. The firm has a market capitalization of $231.62 billion, a PE ratio of 16.86, a P/E/G ratio of 1.44 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.82 by $1.09. The firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The business’s revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $8.62 earnings per share. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GS shares. HSBC upped their price objective on The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Hsbc Global Res downgraded The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. BMO Capital Markets began coverage on shares of The Goldman Sachs Group in a report on Friday, October 3rd. They set a “market perform” rating and a $785.00 price target on the stock. Finally, Morgan Stanley increased their target price on The Goldman Sachs Group from $706.00 to $854.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Five research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $746.69.

The Goldman Sachs Group 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.