Adams Asset Advisors LLC Trims Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Adams Asset Advisors LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,152 shares of the investment management company’s stock after selling 1,234 shares during the quarter. Adams Asset Advisors LLC’s holdings in The Goldman Sachs Group were worth $8,676,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Semmax Financial Advisors Inc. purchased a new position in shares of The Goldman Sachs Group during the second quarter worth about $26,000. Headlands Technologies LLC purchased a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $27,000. Quest Partners LLC increased its stake in shares of The Goldman Sachs Group by 6,300.0% during the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after acquiring an additional 63 shares during the period. West Branch Capital LLC purchased a new position in The Goldman Sachs Group during the third quarter worth about $30,000. Finally, DT Investment Partners LLC lifted its position in The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GS. JPMorgan Chase & Co. increased their price target on shares of The Goldman Sachs Group from $520.00 to $550.00 and gave the company an “overweight” rating in a report on Friday, December 6th. UBS Group reaffirmed a “neutral” rating and issued a $610.00 target price on shares of The Goldman Sachs Group in a report on Monday, January 6th. Citigroup boosted their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. JMP Securities raised their price objective on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Finally, Bank of America boosted their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $569.31.

The Goldman Sachs Group Stock Up 0.3 %

Shares of GS traded up $1.42 during trading on Monday, reaching $561.42. The company’s stock had a trading volume of 986,565 shares, compared to its average volume of 1,885,242. The Goldman Sachs Group, Inc. has a twelve month low of $372.07 and a twelve month high of $612.73. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market cap of $176.24 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 0.85 and a beta of 1.38. The company has a fifty day moving average of $583.74 and a two-hundred day moving average of $525.91.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The firm had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.47 EPS. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current fiscal year.

Insider Activity at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the sale, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This represents a 16.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,940 shares of company stock valued at $13,717,979 over the last three months. 0.54% of the stock is owned by insiders.

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.