HCR Wealth Advisors Has $881,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

HCR Wealth Advisors grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,539 shares of the investment management company’s stock after purchasing an additional 87 shares during the period. HCR Wealth Advisors’ holdings in The Goldman Sachs Group were worth $881,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. bought a new stake in The Goldman Sachs Group during the 2nd quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $27,000. West Branch Capital LLC bought a new stake in The Goldman Sachs Group during the third quarter worth about $30,000. DT Investment Partners LLC boosted its position in The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. Finally, Quest Partners LLC grew its stake in The Goldman Sachs Group by 6,300.0% in the second 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Oppenheimer cut their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Barclays increased their price target on shares of The Goldman Sachs Group from $588.00 to $713.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Evercore ISI boosted their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $569.31.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $605.89 on Thursday. The stock has a 50 day simple moving average of $585.67 and a 200 day simple moving average of $527.58. The stock has a market cap of $190.19 billion, a P/E ratio of 17.78, a PEG ratio of 0.66 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 1-year low of $372.07 and a 1-year high of $612.73. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter last year, the firm earned $5.48 earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current year.

Insider Activity

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the sale, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. This trade represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,940 shares of company stock worth $12,656,179. Corporate insiders own 0.57% 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.