The Goldman Sachs Group, Inc. (NYSE:GS) Stock Holdings Trimmed by MV Capital Management Inc.

MV Capital Management Inc. lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 753 shares of the investment management company’s stock after selling 194 shares during the period. MV Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $290,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GS. Fairfield Bush & CO. bought a new stake in shares of The Goldman Sachs Group in the 1st quarter worth $66,000. Candriam Luxembourg S.C.A. raised its stake in shares of The Goldman Sachs Group by 1,505.1% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company’s stock worth $13,633,000 after buying an additional 38,727 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of The Goldman Sachs Group by 18.5% in the 1st quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company’s stock worth $39,153,000 after buying an additional 18,540 shares in the last quarter. Zions Bancorporation N.A. raised its stake in shares of The Goldman Sachs Group by 79.4% in the 1st quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company’s stock worth $273,000 after buying an additional 366 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of The Goldman Sachs Group by 118.3% in the 1st quarter. Covestor Ltd now owns 310 shares of the investment management company’s stock worth $102,000 after buying an additional 168 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 4,300 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the completion of the sale, the chief accounting officer now owns 11,463 shares in the company, valued at approximately $4,357,659.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CAO Sheara J. Fredman sold 4,300 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the completion of the sale, the chief accounting officer now owns 11,463 shares in the company, valued at approximately $4,357,659.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian J. Lee sold 3,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total value of $1,129,170.00. Following the sale, the insider now owns 10,121 shares of the company’s stock, valued at approximately $3,809,443.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,907 shares of company stock worth $15,080,021. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GS. Evercore ISI boosted their price objective on The Goldman Sachs Group from $418.00 to $435.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. UBS Group boosted their target price on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $390.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday, March 27th. Barclays boosted their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Edward Jones assumed coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They set a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $423.05.

The Goldman Sachs Group Stock Down 2.0 %

NYSE GS traded down $7.99 on Friday, reaching $389.49. The stock had a trading volume of 2,815,758 shares, compared to its average volume of 1,990,249. The business has a 50 day moving average price of $394.74 and a 200 day moving average price of $363.46. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $419.20. The company has a market capitalization of $126.40 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 1.53 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $1.86. The company had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $10.80 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.32 EPS. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 33.13 EPS for the current fiscal year.

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.