Oak Asset Management LLC Has $928,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Oak Asset Management LLC decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,620 shares of the investment management company’s stock after selling 25 shares during the period. Oak Asset Management LLC’s holdings in The Goldman Sachs Group were worth $928,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Quest Partners LLC boosted its stake in The Goldman Sachs Group by 6,300.0% during the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after acquiring an additional 63 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of The Goldman Sachs Group during the second quarter valued at about $27,000. American Century Companies Inc. grew its stake in shares of The Goldman Sachs Group by 2.1% in the 2nd quarter. American Century Companies Inc. now owns 86,108 shares of the investment management company’s stock valued at $38,948,000 after buying an additional 1,747 shares during the period. Oppenheimer Asset Management Inc. increased its position in The Goldman Sachs Group by 11.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,311 shares of the investment management company’s stock valued at $4,664,000 after buying an additional 1,046 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in The Goldman Sachs Group by 14.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 429,728 shares of the investment management company’s stock worth $194,375,000 after buying an additional 55,005 shares during the period. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the sale, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This represents a 16.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $612.08, for a total value of $3,060,400.00. Following the completion of the transaction, the director now owns 608,425 shares of the company’s stock, valued at approximately $372,404,774. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,940 shares of company stock worth $13,717,979 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $563.75 on Tuesday. The Goldman Sachs Group, Inc. has a 52 week low of $372.07 and a 52 week high of $612.73. The firm’s 50-day simple moving average is $584.79 and its two-hundred day simple moving average is $526.74. The firm has a market cap of $176.97 billion, a price-to-earnings 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 Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the prior year, the business earned $5.47 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group restated a “neutral” rating and set a $610.00 price objective on shares of The Goldman Sachs Group in a report on Monday, January 6th. Morgan Stanley boosted their price target on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their price objective 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. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $569.31.

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.