Clearbridge Investments LLC Has $66.04 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Clearbridge Investments LLC decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 173,995 shares of the investment management company’s stock after selling 9,934 shares during the quarter. Clearbridge Investments LLC’s holdings in The Goldman Sachs Group were worth $66,036,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GS. Alaethes Wealth LLC bought a new stake in The Goldman Sachs Group in the second quarter valued at approximately $30,000. Altshuler Shaham Ltd purchased a new stake in shares of The Goldman Sachs Group in the first quarter worth $37,000. Larson Financial Group LLC lifted its holdings in shares of The Goldman Sachs Group by 66.7% during the second quarter. Larson Financial Group LLC now owns 100 shares of the investment management company’s stock valued at $38,000 after purchasing an additional 40 shares in the last quarter. Albion Financial Group UT bought a new position in shares of The Goldman Sachs Group during the second quarter valued at $38,000. Finally, tru Independence LLC bought a new position in The Goldman Sachs Group in the second quarter valued at about $39,000. Institutional investors own 70.82% of the company’s stock.

NYSE:GS opened at $386.31 on Thursday. The Goldman Sachs Group, Inc. has a 1 year low of $185.52 and a 1 year high of $420.76. The firm’s fifty day simple moving average is $398.69 and its 200 day simple moving average is $373.96. 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 capitalization of $130.22 billion, a PE ratio of 6.98 and a beta of 1.50.

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

Several equities analysts have weighed in on GS shares. Morgan Stanley raised 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. Piper Sandler lifted their price target on The Goldman Sachs Group from $420.00 to $435.00 and gave the company an “overweight” rating in a report on Wednesday, July 14th. JMP Securities lifted their price target on The Goldman Sachs Group from $440.00 to $450.00 and gave the company a “market perform” rating in a report on Tuesday, October 5th. Keefe, Bruyette & Woods assumed coverage on The Goldman Sachs Group in a research note on Wednesday, July 7th. They set a “market perform” rating and a $391.00 target price on the stock. Finally, Oppenheimer lifted their price target on The Goldman Sachs Group from $493.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock 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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