The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,980 shares of the investment management company’s stock after selling 129 shares during the period. Financial Counselors Inc.’s holdings in The Goldman Sachs Group were worth $764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in GS. Fairfield Bush & CO. purchased a new stake in The Goldman Sachs Group in the first quarter valued at $66,000. Candriam Luxembourg S.C.A. boosted its holdings in The Goldman Sachs Group by 1,505.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company’s stock valued at $13,633,000 after purchasing an additional 38,727 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in The Goldman Sachs Group by 18.5% in the first quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company’s stock valued at $39,153,000 after purchasing an additional 18,540 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in The Goldman Sachs Group by 79.4% in the first quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company’s stock valued at $273,000 after purchasing an additional 366 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of The Goldman Sachs Group by 118.3% during the 1st quarter. Covestor Ltd now owns 310 shares of the investment management company’s stock worth $102,000 after acquiring an additional 168 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 3,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the completion of the transaction, the insider now owns 10,121 shares of the company’s stock, valued at approximately $3,809,443.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total value of $1,129,170.00. Following the completion of the transaction, the insider now owns 10,121 shares in the company, valued at $3,809,443.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Sheara J. Fredman sold 4,300 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the sale, the chief accounting officer now owns 11,463 shares in the company, valued at $4,357,659.45. The disclosure for this sale can be found here. Insiders sold 38,907 shares of company stock worth $15,080,021 in the last 90 days. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Down 2.0 %

Shares of NYSE GS opened at $389.44 on Friday. The company has a 50 day simple moving average of $394.74 and a 200-day simple moving average of $363.46. The company has a market capitalization of $126.38 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.53 and a beta of 1.43. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.76 and a quick ratio of 0.76. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $419.20.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GS. Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. increased their target price on shares of The Goldman Sachs Group from $421.00 to $424.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. UBS Group increased their target price on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Oppenheimer lowered their target price on shares of The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Finally, Barclays increased their target price on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.