Eagle Bay Advisors LLC Trims Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Eagle Bay Advisors LLC cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 76.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500 shares of the investment management company’s stock after selling 1,580 shares during the quarter. Eagle Bay Advisors LLC’s holdings in The Goldman Sachs Group were worth $286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GS. Waddell & Associates LLC grew its position in shares of The Goldman Sachs Group by 2.1% in the third quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock valued at $444,000 after purchasing an additional 18 shares in the last quarter. Wescott Financial Advisory Group LLC lifted its holdings in The Goldman Sachs Group by 0.7% in the third quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock valued at $1,346,000 after acquiring an additional 18 shares during the last quarter. Bank of New Hampshire lifted its holdings in The Goldman Sachs Group by 8.0% in the fourth quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock valued at $139,000 after acquiring an additional 18 shares during the last quarter. First Pacific Financial lifted its holdings in The Goldman Sachs Group by 0.6% in the third quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock valued at $1,568,000 after acquiring an additional 20 shares during the last quarter. Finally, Krane Funds Advisors LLC lifted its holdings in The Goldman Sachs Group by 1.7% in the third quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock valued at $583,000 after acquiring an additional 20 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Brian J. Lee sold 2,000 shares of the 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 in the company, valued at approximately $5,359,435.50. This represents a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,940 shares of company stock valued at $13,717,979. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on GS. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $570.00 to $686.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Evercore ISI upped their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Morgan Stanley upped their price target on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus target price of $569.31.

The Goldman Sachs Group Stock Down 0.3 %

NYSE:GS traded down $1.89 during trading hours on Monday, hitting $558.11. The company’s stock had a trading volume of 826,737 shares, compared to its average volume of 1,861,674. The stock has a market capitalization of $175.20 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. The stock has a fifty day moving average of $583.74 and a 200-day moving average of $525.91. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 52-week low of $372.07 and a 52-week high of $612.73.

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

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.