GHP Investment Advisors Inc. Sells 77 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

GHP Investment Advisors Inc. cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 510 shares of the investment management company’s stock after selling 77 shares during the quarter. GHP Investment Advisors Inc.’s holdings in The Goldman Sachs Group were worth $197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Cambridge Trust Co. grew its stake in shares of The Goldman Sachs Group by 82.0% in the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after purchasing an additional 41 shares during the last quarter. Truvestments Capital LLC lifted its holdings in The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after buying an additional 44 shares during the period. BKM Wealth Management LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth about $32,000. Pacific Center for Financial Services purchased a new stake in The Goldman Sachs Group in the first quarter worth about $33,000. Finally, Worth Asset Management LLC purchased a new stake in The Goldman Sachs Group in the first quarter worth about $33,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $389.44 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $419.20. The firm has a market cap of $126.38 billion, a P/E ratio of 17.07, a PEG ratio of 1.53 and a beta of 1.43. The company has a 50 day moving average of $394.74 and a 200 day moving average of $363.46. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.29.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, January 16th. The investment management company reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $1.86. The Goldman Sachs Group had a net margin of 7.85% and a return on equity of 8.03%. The company had revenue of $11.32 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the business earned $3.32 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 33.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,907 shares of company stock valued at $15,080,021. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Edward Jones assumed coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $390.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday, March 27th. Evercore ISI raised their price objective on shares of The Goldman Sachs Group from $418.00 to $435.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Keefe, Bruyette & Woods lifted their target price on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Finally, JMP Securities lifted 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. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $423.05.

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.