Marcum Wealth LLC Trims Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Marcum Wealth LLC lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,710 shares of the investment management company’s stock after selling 123 shares during the quarter. Marcum Wealth LLC’s holdings in The Goldman Sachs Group were worth $2,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Semmax Financial Advisors Inc. purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in The Goldman Sachs Group in the second quarter valued at approximately $27,000. West Branch Capital LLC purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $30,000. DT Investment Partners LLC grew its stake in shares of The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after purchasing an additional 33 shares during the period. Finally, Quest Partners LLC increased its holdings in shares of The Goldman Sachs Group by 6,300.0% during the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $563.75 on Tuesday. The Goldman Sachs Group, Inc. has a one year low of $372.07 and a one year high of $612.73. The stock has a market cap of $176.97 billion, a PE ratio of 16.54, a P/E/G ratio of 0.85 and a beta of 1.38. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a 50 day moving average price of $584.79 and a 200 day moving average price of $526.74.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The business had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the company earned $5.47 EPS. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on GS shares. UBS Group restated a “neutral” rating and set a $610.00 price target on shares of The Goldman Sachs Group in a research report on Monday, January 6th. Bank of America lifted their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Morgan Stanley boosted their price objective on The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company increased their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus target price of $569.31.

Insider Buying and Selling

In related news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total value of $1,061,800.00. Following the sale, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. The trade was a 16.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at $72,015,903.53. The trade was a 5.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,940 shares of company stock worth $13,717,979. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Company 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.