Miracle Mile Advisors LLC Has $8.55 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Miracle Mile Advisors LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 149.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,932 shares of the investment management company’s stock after acquiring an additional 8,941 shares during the quarter. Miracle Mile Advisors LLC’s holdings in The Goldman Sachs Group were worth $8,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Northstar Advisory Group LLC raised its position in shares of The Goldman Sachs Group by 67.1% during the fourth quarter. Northstar Advisory Group LLC now owns 7,078 shares of the investment management company’s stock worth $4,053,000 after acquiring an additional 2,843 shares during the last quarter. Fulcrum Capital LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter worth about $286,000. Cooper Financial Group raised its holdings in The Goldman Sachs Group by 9.7% during the 4th quarter. Cooper Financial Group now owns 3,522 shares of the investment management company’s stock worth $2,017,000 after purchasing an additional 310 shares during the last quarter. Cadent Capital Advisors LLC acquired a new position in The Goldman Sachs Group during the 4th quarter valued at about $1,167,000. Finally, Wedmont Private Capital boosted its stake in shares of The Goldman Sachs Group by 8.3% in the 4th quarter. Wedmont Private Capital now owns 4,898 shares of the investment management company’s stock valued at $2,743,000 after purchasing an additional 374 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Up 0.7 %

Shares of GS traded up $3.75 during mid-day trading on Monday, hitting $563.75. 1,855,312 shares of the company’s stock were exchanged, compared to its average volume of 2,014,965. The company 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 Goldman Sachs Group, Inc. has a 52 week low of $372.07 and a 52 week high of $612.73. The company has a 50-day simple moving average of $583.74 and a 200 day simple moving average of $525.91. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick 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, topping analysts’ consensus estimates of $6.89 by $1.51. The company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $5.47 EPS. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current fiscal year.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. The trade was a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the sale, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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 corporate insiders.

Analyst Ratings Changes

GS has been the topic of several analyst reports. Evercore ISI increased their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. JPMorgan Chase & Co. increased their price target on shares of The Goldman Sachs Group from $520.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Finally, Barclays increased their target price on shares of The Goldman Sachs Group from $588.00 to $713.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $569.31.

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.