The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by MV Capital Management Inc.

MV Capital Management Inc. cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 870 shares of the investment management company’s stock after selling 57 shares during the quarter. MV Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $475,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GS. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $29,000. Curio Wealth LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $30,000. Mascagni Wealth Management Inc. purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $31,000. Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $31,000. Finally, Godsey & Gibb Inc. grew its position in shares of The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after buying an additional 34 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 0.2%

GS stock opened at $615.00 on Wednesday. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19. The stock has a market capitalization of $188.71 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a fifty day moving average of $558.78 and a 200-day moving average of $583.03.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. During the same quarter last year, the business earned $11.58 earnings per share. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.85%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the company an “equal weight” rating in a research report on Monday, April 7th. Royal Bank of Canada lowered their price objective on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 15th. Barclays lowered their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Finally, Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a research report on Friday, April 4th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $593.40.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.55% of the company’s stock.

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.