The Goldman Sachs Group, Inc. $GS Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 54.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,474 shares of the investment management company’s stock after selling 7,655 shares during the period. Atria Wealth Solutions Inc.’s holdings in The Goldman Sachs Group were worth $4,590,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC lifted its holdings in The Goldman Sachs Group by 617,504.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after acquiring an additional 29,053,586 shares during the last quarter. International Assets Investment Management LLC acquired a new position in The Goldman Sachs Group in the first quarter valued at approximately $1,766,238,000. Nuveen LLC acquired a new position in The Goldman Sachs Group in the first quarter valued at approximately $897,185,000. Ninety One UK Ltd acquired a new stake in shares of The Goldman Sachs Group during the second quarter valued at about $408,780,000. Finally, Cohen Investment Advisors LLC increased its position in shares of The Goldman Sachs Group by 5,559.2% during the first quarter. Cohen Investment Advisors LLC now owns 470,220 shares of the investment management company’s stock valued at $256,876,000 after acquiring an additional 461,911 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $788.52 on Tuesday. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25. The firm has a market capitalization of $238.70 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The business’s fifty day moving average price is $762.04 and its 200 day moving average price is $665.38.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the prior year, the firm posted $8.62 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the transaction, the chief financial officer owned 18,594 shares in the company, valued at $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO John E. Waldron sold 9,244 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer owned 115,268 shares of the company’s stock, valued at $86,463,679.48. This represents a 7.42% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,323 shares of company stock worth $28,111,828. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of a number of research analyst reports. BMO Capital Markets initiated coverage on The Goldman Sachs Group in a research report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 target price on the stock. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Keefe, Bruyette & Woods boosted their target price on The Goldman Sachs Group from $790.00 to $850.00 and gave the company a “market perform” rating in a research report on Friday. JMP Securities reissued a “market perform” rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Finally, Morgan Stanley boosted their target price on The Goldman Sachs Group from $706.00 to $854.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Five analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $746.69.

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.