Goldman Sachs Group, Inc. (NYSE: GS) shares sold by Koshinski Asset Management Inc.

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Koshinski Asset Management Inc. reduced its holdings of The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) stock by 34.4% in Q1, HoldingsChannel.com reports. The institutional investor held 1,286 shares in the capital of the management company after having sold 675 shares during the period. Koshinski Asset Management Inc.’s holdings in the Goldman Sachs group were worth $424,000 when it last filed with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also changed their holdings in the company. Congress Asset Management Co. MA acquired a new position in Goldman Sachs Group shares during the first quarter worth approximately $9,524,000. Sigma Investment Counselors Inc. increased its stake in The Goldman Sachs Group by 3.1% during the first quarter. Sigma Investment Counselors Inc. now owns 13,147 shares of the investment management company worth $4,340,000 after buying 395 additional shares in the last quarter. Concord Wealth Partners increased its stake in The Goldman Sachs Group by 9.7% during the first quarter. Concord Wealth Partners now owns 1,208 shares of the investment management firm worth $399,000 after buying 107 more shares last quarter. KMG Fiduciary Partners LLC increased its stake in The Goldman Sachs Group by 15.4% during the first quarter. KMG Fiduciary Partners LLC now owns 16,005 shares of the investment management company worth $5,283,000 after buying 2,131 additional shares in the last quarter. Finally, Ellevest Inc. increased its stake in The Goldman Sachs Group by 15.9% during the first quarter. Ellevest Inc. now owns 1,449 shares of the investment management company worth $478,000 after buying 199 more shares in the last quarter. Institutional investors and hedge funds hold 71.42% of the company’s shares.

NYSE:GS shares opened at $299.23 on Friday. The company’s fifty-day moving average is $306.63 and its two-hundred-day moving average is $336.47. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt ratio of 2.47. Goldman Sachs, Inc. group has a 12-month low of $278.15 and a 12-month high of $426.16. The company has a market cap of $102.77 billion, a P/E ratio of 5.81, a price-to-earnings growth ratio of 0.63, and a beta of 1.40.

Goldman Sachs Group (NYSE:GS – Get Rating) last announced its results on Thursday, April 14. The investment management firm reported earnings per share (EPS) of $10.76 for the quarter, beating the consensus estimate of $8.61 by $2.15. The Goldman Sachs group achieved a net margin of 31.21% and a return on equity of 19.08%. The company posted revenue of $12.93 billion for the quarter, versus a consensus estimate of $11.76 billion. During the same period of the previous year, the company achieved EPS of $18.60. The company’s revenue was down 26.9% year over year. Equity research analysts expect The Goldman Sachs Group, Inc. to post 37.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 29. Shareholders of record on Wednesday, June 1 received a dividend of $2.00 per share. This represents an annualized dividend of $8.00 and a yield of 2.67%. The ex-dividend date was Tuesday, May 31. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.53%.

In other news, Goldman Sachs Group Inc director sold 90,427 shares of the company in a trade on Tuesday, May 17. The shares were sold at an average price of $19.16, for a total transaction of $1,732,581.32. As a result of the transaction, the administrator now directly owns 3,130,987 shares of the company, valued at approximately $59,989,710.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Additionally, CEO David M. Solomon sold 9,768 shares of the company in a trade on Tuesday, April 19. The shares were sold at an average price of $334.57, for a total transaction of $3,268,079.76. As a result of the transaction, the CEO now owns 96,467 shares of the company, valued at $32,274,964.19. The disclosure of this sale can be found here. In the past three months, insiders have sold 1,330,390 shares of the company worth $28,952,332. Insiders of the company own 0.57% of the shares of the company.

GS has been the subject of several recent analyst reports. Royal Bank of Canada lowered its target price on Goldman Sachs Group from $390.00 to $370.00 and set a “sector performance” rating on the stock in a report on Friday. Piper Sandler lowered its price target on Goldman Sachs Group from $430.00 to $410.00 and set an “overweight” rating on the stock in a report released Friday. JPMorgan Chase & Co. set a target price of $416.00 on the Goldman Sachs Group in a Friday, April 1 report. Bank of America upgraded Goldman Sachs Group from a “neutral” rating to a “buy” rating and raised its target price for the stock from $360.00 to $380.00 in a report released Wednesday. Finally, Morgan Stanley lowered its price target on the Goldman Sachs Group from $445.00 to $418.00 and set an “equal weight” rating on the stock in a Monday, March 28 report. Seven investment analysts gave the stock a hold rating and eight gave the stock a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $433.29.

The profile of the Goldman Sachs group (Get a rating)

The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services to businesses, financial institutions, governments and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer and Wealth Management.

Further reading

Want to see which other hedge funds hold GS? Visit HoldingsChannel.com for the latest 13F filings and insider trading for The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating).

Institutional ownership by quarter for Goldman Sachs Group (NYSE:GS)



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