First Interstate Bank Decreases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

First Interstate Bank cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,479 shares of the investment management company’s stock after selling 518 shares during the quarter. First Interstate Bank’s holdings in The Goldman Sachs Group were worth $4,814,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trueblood Wealth Management LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $989,000. TBH Global Asset Management LLC raised its stake in The Goldman Sachs Group by 2.0% during the third quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock valued at $1,190,000 after buying an additional 72 shares in the last quarter. Congress Wealth Management LLC DE raised its stake in The Goldman Sachs Group by 27,076.5% during the third quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after buying an additional 650,918 shares in the last quarter. Syon Capital LLC bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $1,395,000. Finally, Crestwood Advisors Group LLC lifted its holdings in shares of The Goldman Sachs Group by 5.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 11,541 shares of the investment management company’s stock worth $4,452,000 after purchasing an additional 617 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded down $4.37 during mid-day trading on Tuesday, reaching $396.51. The company had a trading volume of 3,459,210 shares, compared to its average volume of 2,335,887. The company has a market cap of $128.68 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.51 and a beta of 1.43. The business has a fifty day simple moving average of $395.09 and a 200 day simple moving average of $364.56. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $419.20.

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 business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 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 revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.79 earnings per share. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 32.76 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on GS shares. Barclays lifted their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods lifted their target price on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. 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 report on Tuesday. JPMorgan Chase & Co. boosted their price target on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, UBS Group lifted their price objective on 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. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $434.93.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s 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 directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian J. Lee sold 3,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the sale, the insider now directly owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The disclosure for this sale can be found here. Insiders have sold a total of 38,907 shares of company stock worth $15,080,021 over the last quarter. Company insiders own 0.57% of the company’s stock.

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.