MV Capital Management Inc. Grows Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

MV Capital Management Inc. raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 799 shares of the investment management company’s stock after purchasing an additional 46 shares during the period. MV Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $334,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. First United Bank & Trust bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $26,000. Versant Capital Management Inc grew its stake in shares of The Goldman Sachs Group by 106.3% during the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after buying an additional 34 shares during the last quarter. Pineridge Advisors LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $29,000. BKM Wealth Management LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $32,000. Finally, Tributary Capital Management LLC bought a new position in shares of The Goldman Sachs Group during the first quarter valued at about $33,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the topic of a number of recent research reports. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Bank of America raised their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price on the stock in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company raised their target price on The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $443.78.

The Goldman Sachs Group Stock Up 0.4 %

Shares of GS stock traded up $1.95 during trading hours on Tuesday, hitting $465.61. 1,462,884 shares of the company’s stock traded hands, compared to its average volume of 2,290,583. The stock’s fifty day simple moving average is $450.78 and its two-hundred day simple moving average is $411.69. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $471.48. The stock has a market cap of $150.14 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 0.91 and a beta of 1.37. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same period last year, the business earned $8.79 earnings per share. The business’s revenue was up 16.1% on a year-over-year basis. On average, analysts expect that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were issued a $2.75 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.36%. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Insider Buying and Selling

In related news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the transaction, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

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.