Brown Brothers Harriman & Co. Increases Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Brown Brothers Harriman & Co. increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,484 shares of the investment management company’s stock after purchasing an additional 100 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in The Goldman Sachs Group were worth $1,322,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GS. BlackRock Inc. boosted its stake in The Goldman Sachs Group by 7.3% in the second quarter. BlackRock Inc. now owns 23,048,469 shares of the investment management company’s stock valued at $8,747,586,000 after acquiring an additional 1,559,063 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of The Goldman Sachs Group by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 5,483,521 shares of the investment management company’s stock worth $2,074,855,000 after purchasing an additional 185,867 shares in the last quarter. FMR LLC grew its stake in The Goldman Sachs Group by 20.2% during the 2nd quarter. FMR LLC now owns 4,429,635 shares of the investment management company’s stock worth $1,681,179,000 after buying an additional 744,924 shares during the last quarter. Alliancebernstein L.P. increased its position in The Goldman Sachs Group by 13.8% during the 2nd quarter. Alliancebernstein L.P. now owns 3,643,853 shares of the investment management company’s stock valued at $1,382,952,000 after buying an additional 441,659 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in The Goldman Sachs Group by 5.1% during the 2nd quarter. Fisher Asset Management LLC now owns 2,713,876 shares of the investment management company’s stock valued at $1,029,997,000 after buying an additional 130,596 shares in the last quarter. 70.82% of the stock is currently owned by institutional investors.

NYSE:GS opened at $386.31 on Thursday. The stock’s 50 day simple moving average is $398.69 and its 200-day simple moving average is $373.96. The Goldman Sachs Group, Inc. has a 12-month low of $185.52 and a 12-month high of $420.76. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.58. The firm has a market cap of $130.22 billion, a P/E ratio of 6.98 and a beta of 1.50.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, July 12th. The investment management company reported $15.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $10.24 by $4.78. The Goldman Sachs Group had a net margin of 33.03% and a return on equity of 23.55%. The company had revenue of $15.39 billion during the quarter, compared to analysts’ expectations of $12.17 billion. During the same quarter last year, the business earned $6.26 EPS. The business’s revenue was up 15.8% on a year-over-year basis. Research analysts forecast that The Goldman Sachs Group, Inc. will post 52.72 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on GS shares. Citigroup boosted their price target on The Goldman Sachs Group from $410.00 to $440.00 and gave the stock a “buy” rating in a research note on Friday, October 1st. Royal Bank of Canada set a $370.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, July 13th. Morgan Stanley boosted their price target on The Goldman Sachs Group from $332.00 to $384.00 and gave the company an “underweight” rating in a report on Thursday, July 29th. Keefe, Bruyette & Woods started coverage on shares of The Goldman Sachs Group in a research note on Wednesday, July 7th. They issued a “market perform” rating and a $391.00 price target on the stock. Finally, JPMorgan Chase & Co. set a $458.00 price objective on shares of The Goldman Sachs Group in a research report on Friday, September 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $397.59.

About The Goldman Sachs Group

Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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