Consolidated Portfolio Review Corp Sells 40 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Consolidated Portfolio Review Corp decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 784 shares of the investment management company’s stock after selling 40 shares during the period. Consolidated Portfolio Review Corp’s holdings in The Goldman Sachs Group were worth $302,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cambridge Trust Co. boosted its holdings in The Goldman Sachs Group by 82.0% in the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after buying an additional 41 shares during the period. Truvestments Capital LLC grew its position in shares of The Goldman Sachs Group by 88.0% during the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after purchasing an additional 44 shares in the last quarter. BKM Wealth Management LLC bought a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $32,000. Pacific Center for Financial Services purchased a new position in The Goldman Sachs Group in the 1st quarter worth approximately $33,000. Finally, Worth Asset Management LLC bought a new position in The Goldman Sachs Group in the 1st quarter worth approximately $33,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $389.49 on Monday. The company has a fifty day simple moving average of $394.74 and a 200-day simple moving average of $364.03. 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 firm has a market capitalization of $126.40 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.51 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $419.20.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $1.86. The company 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 Goldman Sachs Group’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.32 EPS. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 32.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian J. Lee sold 3,000 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the transaction, the insider now owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,907 shares of company stock valued at $15,080,021. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $390.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday, March 27th. Edward Jones initiated coverage on shares of The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating for the company. Finally, Keefe, Bruyette & Woods raised their target price on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $423.05.

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.