Tyche Wealth Partners LLC Purchases New Shares in The Goldman Sachs Group, Inc. (NYSE:GS)

Tyche Wealth Partners LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,529 shares of the investment management company’s stock, valued at approximately $1,361,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trueblood Wealth Management LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at $989,000. TBH Global Asset Management LLC raised its stake in shares of The Goldman Sachs Group by 2.0% in the third quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock valued at $1,190,000 after acquiring an additional 72 shares during the period. Congress Wealth Management LLC DE raised its stake in shares of The Goldman Sachs Group by 27,076.5% in the third quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after acquiring an additional 650,918 shares during the period. Syon Capital LLC purchased a new stake in shares of The Goldman Sachs Group in the third quarter valued at $1,395,000. Finally, Crestwood Advisors Group LLC raised its stake in shares of The Goldman Sachs Group by 5.6% in the fourth quarter. Crestwood Advisors Group LLC now owns 11,541 shares of the investment management company’s stock valued at $4,452,000 after acquiring an additional 617 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 1.1 %

Shares of NYSE:GS traded down $4.37 during trading on Tuesday, reaching $396.51. The stock had a trading volume of 3,459,210 shares, compared to its average volume of 2,335,887. The firm’s 50-day simple moving average is $395.09 and its 200 day simple moving average is $364.56. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $419.20. The company has a market capitalization of $128.68 billion, a P/E ratio of 17.52, a PEG ratio of 1.51 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The company had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same period last year, the firm earned $8.79 earnings per share. The Goldman Sachs Group’s revenue was up 16.1% compared to the same quarter last year. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 32.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction 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 $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total value of $1,129,170.00. Following the transaction, the insider now directly owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,907 shares of company stock valued at $15,080,021. 0.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GS. Evercore ISI increased their target price on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank of Canada upped their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a report on Tuesday. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Bank of America upped their price target on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, HSBC upped their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $434.93.

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.