You’re Not Crazy to Bet on The Goldman Sachs Group, Inc. (GS)

The Goldman Sachs Group, Inc. (NYSE:GS) marched up 30.34% compared to a 52-week low price of $151.7. The shares were last seen trading 0.6% higher, taking the closing price at $197.72 on 2/4/2019. At recent session, the prices were hovering between $194.786 and $197.76. This company shares are 14.19% off its target price of $225.77 and the current market capitalization stands at $76.2B. The recent change has given its price a 7.91% lead over SMA 50 and -28.18% deficit over its 52-week high. The stock witnessed 16.64% gains, -12.27% declines and -15.5% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GS’s volatility during a week at 1.95% and during a month it has been found around 2.49%.

The Goldman Sachs Group, Inc. (GS) Top Holders

Institutional investors currently hold around $51.7 billion or 76.7% in GS stock. Look at its top three institutional owners. Vanguard Group Inc owns $4.85 billion in The Goldman Sachs Group, Inc., which represents roughly 6.36% of the company’s market cap and approximately 9.38% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 22,576,744 shares of the stock are valued at $4.44 billion. The third largest holder is State Street Corp, which currently holds $4.26 billion worth of this stock and that ownership represents nearly 5.6% of its market capitalization.

The Goldman Sachs Group, Inc. 13F Filings

At the end of September reporting period, 569 institutional holders increased their position in The Goldman Sachs Group, Inc. (NYSE:GS) by some 19,828,627 shares, 612 decreased positions by 27,016,983 and 208 held positions by 216,180,937. That puts total institutional holdings at 263,026,547 shares, according to SEC filings. The stock grabbed 99 new institutional investments totaling 1,356,852 shares while 108 institutional investors sold out their entire positions totaling 2,357,451 shares.

The Goldman Sachs Group, Inc. (NYSE:GS) Insider Trades

Multiple company employees have indulged in significant insider trading. The Goldman Sachs Group, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive VP – General Counsel Palm Gregory K has sold 16,451 shares of The Goldman Sachs Group, Inc. (GS) in trading session dated Dec. 27, 2018. These shares are worth $2,606,003 and were traded at $158.41 each. The SEC filing shows that Solomon David M performed a sale of 8,488 shares. The President and COO disposed these shares by way of transaction on Aug. 01, 2018. The company’s shares were given away at $237.92 per share worth to an income of some $2,019,465 on account of Solomon David M.

President and COO, Solomon David M, sold 8,382 common shares of The Goldman Sachs Group, Inc. (GS) in the open market. In a transaction dated Jul. 18, 2018, the shares were put up for sale at an average price of $232.08, raking in a sum of $1,945,295. After this sale, 222,625 common shares of GS are directly owned by the insider, with total stake valued at $44,017,415.

In the transaction dated May. 15, 2018, the great number of shares disposed came courtesy the President and COO; Solomon David M disposed a total of 3,497 shares at an average price of $244.4, amounting to approximately $854,667. The insider now directly owns 222,625 shares worth $44,017,415.

The Goldman Sachs Group, Inc. (GS) Analyst Guide

Several analysts have released their opinion on The Goldman Sachs Group, Inc. (NYSE:GS), with 8 analysts believing it is a strong buy. Whereas 13 of them predict the stock is a hold. Also, there are 5 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.3 average brokerage recommendation.