Allspring Global Investments Holdings LLC Boosts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Allspring Global Investments Holdings LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 23.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 96,901 shares of the investment management company’s stock after purchasing an additional 18,098 shares during the period. Allspring Global Investments Holdings LLC’s holdings in The Goldman Sachs Group were worth $37,381,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Trueblood Wealth Management LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $989,000. TBH Global Asset Management LLC grew its holdings in shares of The Goldman Sachs Group by 2.0% during the third quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock worth $1,190,000 after purchasing an additional 72 shares in the last quarter. Congress Wealth Management LLC DE increased its position in shares of The Goldman Sachs Group by 27,076.5% in the third quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock worth $211,396,000 after purchasing an additional 650,918 shares during the last quarter. Syon Capital LLC bought a new position in shares of The Goldman Sachs Group in the third quarter worth approximately $1,395,000. Finally, Raymond James & Associates raised its stake in The Goldman Sachs Group by 41.9% in the fourth quarter. Raymond James & Associates now owns 612,025 shares of the investment management company’s stock valued at $236,101,000 after purchasing an additional 180,674 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of research analyst reports. Oppenheimer decreased their price target on shares of The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Evercore ISI raised their price objective on The Goldman Sachs Group from $418.00 to $435.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Edward Jones started coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating for the company. BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a “market perform” rating in a report on Thursday, January 18th. Finally, UBS Group upped their price objective on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $423.05.

The Goldman Sachs Group Trading Down 2.0 %

NYSE GS opened at $389.44 on Friday. The stock has a market cap of $126.38 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.43. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $419.20. The stock has a 50 day simple moving average of $394.74 and a two-hundred day simple moving average of $363.46. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The company had revenue of $11.32 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm posted $3.32 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the sale, the insider now directly owns 10,121 shares in the company, valued at $3,809,443.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 10,121 shares in the company, valued at $3,809,443.19. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,277 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $379.81, for a total value of $2,763,877.37. Following the transaction, the insider now owns 6,501 shares of the company’s stock, valued at approximately $2,469,144.81. The disclosure for this sale can be found here. Insiders sold 38,907 shares of company stock worth $15,080,021 over the last three months. Company insiders own 0.54% 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.