MV Capital Management Inc. Has $290,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

MV Capital Management Inc. trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 20.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 753 shares of the investment management company’s stock after selling 194 shares during the period. MV Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Albert D Mason Inc. raised its position in shares of The Goldman Sachs Group by 4.3% during the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after purchasing an additional 27 shares during the period. Mayflower Financial Advisors LLC raised its position in shares of The Goldman Sachs Group by 1.4% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 28 shares during the period. Avitas Wealth Management LLC raised its position in shares of The Goldman Sachs Group by 0.7% during the 4th quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock valued at $1,711,000 after purchasing an additional 29 shares during the period. Samalin Investment Counsel LLC raised its position in shares of The Goldman Sachs Group by 3.5% during the 3rd quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 30 shares during the period. Finally, Hamilton Capital LLC raised its position in shares of The Goldman Sachs Group by 4.3% during the 3rd quarter. Hamilton Capital LLC now owns 727 shares of the investment management company’s stock valued at $235,000 after purchasing an additional 30 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The shares were 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 owns 29,417 shares in the company, valued at approximately $11,602,947.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction dated 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 sale, the insider now owns 10,121 shares in the company, valued at approximately $3,809,443.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now 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 worth $15,080,021. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded down $7.99 on Friday, reaching $389.49. The company’s stock had a trading volume of 2,815,758 shares, compared to its average volume of 1,990,249. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $419.20. The company has a market cap of $126.40 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 simple moving average of $394.74 and a 200 day simple moving average of $363.46. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $1.86. The firm had revenue of $11.32 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $3.32 EPS. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 33.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Evercore ISI raised their price objective on shares of The Goldman Sachs Group from $418.00 to $435.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $390.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday, March 27th. UBS Group raised their target price on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $333.00 to $449.00 in a research note on Tuesday, January 30th. Finally, Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their target price for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus 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.