MV Capital Management Inc. Has $334,000 Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

MV Capital Management Inc. increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 799 shares of the investment management company’s stock after acquiring an additional 46 shares during the quarter. MV Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $334,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GS. Migdal Insurance & Financial Holdings Ltd. lifted its stake in 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 buying an additional 20,018 shares during the period. HTLF Bank acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $850,000. Apexium Financial LP lifted its stake in 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 buying an additional 378 shares during the period. Wealth Alliance lifted its stake in The Goldman Sachs Group by 17.3% in the fourth quarter. Wealth Alliance now owns 1,035 shares of the investment management company’s stock valued at $399,000 after buying an additional 153 shares during the period. Finally, Trueblood Wealth Management LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $989,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Oppenheimer raised their price target on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. raised their price target 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. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Bank of America increased their price objective on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Evercore ISI increased their price objective on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $443.78.

The Goldman Sachs Group Price Performance

NYSE GS traded up $1.95 during midday trading on Tuesday, hitting $465.61. The company had a trading volume of 1,462,884 shares, compared to its average volume of 2,290,583. The company has a market capitalization of $150.14 billion, a PE ratio of 18.18, a P/E/G ratio of 0.91 and a beta of 1.37. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18. The firm has a 50-day moving average price of $450.78 and a 200-day moving average price of $411.69. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $471.48.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $12.94 billion. During the same period in the previous year, the firm earned $8.79 EPS. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 36.59 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were paid a $2.75 dividend. The ex-dividend date was Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.36%. The Goldman Sachs Group’s payout ratio is 42.95%.

Insider Buying and Selling

In related news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction 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 sale, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the sale, the insider now owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total value 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 disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

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.