ORG Partners LLC Raises Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

ORG Partners LLC lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 24.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,518 shares of the investment management company’s stock after acquiring an additional 297 shares during the quarter. ORG Partners LLC’s holdings in The Goldman Sachs Group were worth $586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Morgan Stanley increased its position in shares of The Goldman Sachs Group by 40.0% during the fourth quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock valued at $2,038,425,000 after acquiring an additional 1,696,350 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of The Goldman Sachs Group by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company’s stock valued at $1,396,236,000 after acquiring an additional 52,016 shares during the last quarter. Northern Trust Corp increased its position in shares of The Goldman Sachs Group by 3.2% during the third quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock valued at $1,080,676,000 after acquiring an additional 104,424 shares during the last quarter. Invesco Ltd. increased its position in shares of The Goldman Sachs Group by 6.1% during the third quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock valued at $903,485,000 after acquiring an additional 159,512 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $759,531,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent research reports. Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $333.00 to $449.00 in a research report on Tuesday, January 30th. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $421.00 to $424.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Evercore ISI raised their target price on The Goldman Sachs Group from $418.00 to $435.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Barclays raised their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, HSBC raised their target price on The Goldman Sachs Group from $432.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average target price of $423.05.

The Goldman Sachs Group Price Performance

GS stock traded down $7.99 during mid-day trading on Friday, hitting $389.49. 2,815,758 shares of the stock were exchanged, compared to its average volume of 1,990,249. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.76 and a quick ratio of 0.76. The business has a fifty day moving average price of $394.74 and a 200 day moving average price of $363.46. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $419.20. The stock has a market capitalization of $126.40 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.53 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share for the quarter, beating 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 in the previous year, the company posted $3.32 EPS. The Goldman Sachs Group’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 33.13 EPS for the current year.

Insider Activity

In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,907 shares of company stock valued at $15,080,021. Insiders own 0.54% of the company’s stock.

About The Goldman Sachs Group

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.