LSV Asset Management Decreases Position in The Goldman Sachs Group, Inc. (NYSE:GS)

LSV Asset Management trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 577,487 shares of the investment management company’s stock after selling 20,364 shares during the quarter. LSV Asset Management’s holdings in The Goldman Sachs Group were worth $241,211,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of The Goldman Sachs Group by 13.7% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock valued at $64,291,000 after acquiring an additional 20,018 shares in the last quarter. HTLF Bank purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at $850,000. Apexium Financial LP lifted its position in shares of The Goldman Sachs Group by 7.1% in the fourth quarter. Apexium Financial LP now owns 5,672 shares of the investment management company’s stock valued at $2,188,000 after acquiring an additional 378 shares in the last quarter. Wealth Alliance lifted its position in The Goldman Sachs Group by 17.3% during the fourth quarter. Wealth Alliance now owns 1,035 shares of the investment management company’s stock worth $399,000 after buying an additional 153 shares during the period. Finally, Trueblood Wealth Management LLC purchased a new position in The Goldman Sachs Group during the fourth quarter worth about $989,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 0.1 %

Shares of GS stock traded up $0.65 during trading hours on Friday, reaching $479.88. The company had a trading volume of 2,709,561 shares, compared to its average volume of 2,292,440. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $483.44. The company has a market capitalization of $154.74 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 0.97 and a beta of 1.37. The stock’s fifty day simple moving average is $457.81 and its 200 day simple moving average is $416.28.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same quarter last year, the firm earned $8.79 EPS. The Goldman Sachs Group’s quarterly revenue was up 16.1% on a year-over-year basis. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 36.7 earnings per share for the current fiscal year.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the transaction, the insider now owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David A. Viniar sold 5,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GS. HSBC increased their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Evercore ISI increased their target price on The Goldman Sachs Group from $440.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 3rd. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Finally, Bank of America increased their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $450.62.

The Goldman Sachs Group Company 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.