LSV Asset Management Sells 20,364 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

LSV Asset Management lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 577,487 shares of the investment management company’s stock after selling 20,364 shares during the period. LSV Asset Management owned about 0.18% of The Goldman Sachs Group worth $241,211,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Personal Financial Services purchased a new stake in The Goldman Sachs Group during the 1st quarter valued at approximately $25,000. First United Bank & Trust purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $26,000. Versant Capital Management Inc grew its holdings in The Goldman Sachs Group by 106.3% during the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after buying an additional 34 shares in the last quarter. Pineridge Advisors LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $29,000. Finally, BKM Wealth Management LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $32,000. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group 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 completion of the sale, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the business’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 transaction, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’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 disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GS shares. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. JMP Securities raised their target price on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Seaport Res Ptn lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Royal Bank of Canada raised their target price on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a report on Tuesday, April 16th. Finally, Citigroup raised their target price on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $450.62.

The Goldman Sachs Group Trading Up 0.1 %

Shares of NYSE:GS traded up $0.65 on Friday, hitting $479.88. 2,709,561 shares of the company’s stock were exchanged, compared to its average volume of 2,292,440. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $483.44. The stock has a market capitalization of $154.74 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 0.97 and a beta of 1.37. The business’s 50 day simple moving average is $457.81 and its two-hundred day simple moving average is $416.28. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the company earned $8.79 earnings per share. Analysts anticipate that The Goldman Sachs Group, Inc. will post 36.7 EPS for the current fiscal year.

About The Goldman Sachs Group

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.