Empirical Finance LLC Has $5.05 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Empirical Finance LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,078 shares of the investment management company’s stock after acquiring an additional 396 shares during the quarter. Empirical Finance LLC’s holdings in The Goldman Sachs Group were worth $5,045,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. Powell Investment Advisors LLC boosted its holdings in The Goldman Sachs Group by 0.7% in the first quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock worth $1,603,000 after acquiring an additional 25 shares in the last quarter. Dumont & Blake Investment Advisors LLC boosted its holdings in The Goldman Sachs Group by 1.1% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company’s stock worth $944,000 after acquiring an additional 25 shares in the last quarter. Optas LLC boosted its holdings in The Goldman Sachs Group by 2.4% in the first quarter. Optas LLC now owns 1,072 shares of the investment management company’s stock worth $448,000 after acquiring an additional 25 shares in the last quarter. Regatta Capital Group LLC boosted its holdings in The Goldman Sachs Group by 2.2% in the first quarter. Regatta Capital Group LLC now owns 1,166 shares of the investment management company’s stock worth $487,000 after acquiring an additional 25 shares in the last quarter. Finally, WNY Asset Management LLC boosted its holdings in The Goldman Sachs Group by 1.6% in the fourth quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock worth $628,000 after acquiring an additional 26 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the 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 transaction, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the sale, the insider now owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded up $0.65 during trading on Friday, reaching $479.88. The company had a trading volume of 2,709,468 shares, compared to its average volume of 2,292,312. The company has a fifty day moving average of $457.81 and a two-hundred day moving average of $416.28. The stock has a market capitalization of $154.74 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 0.97 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $483.44. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $12.94 billion. During the same quarter in the prior year, the firm earned $8.79 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 36.7 earnings per share for the current year.

Analyst Ratings Changes

GS has been the subject of several analyst reports. JMP Securities increased their price objective on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a research note on Tuesday, April 16th. Wells Fargo & Company increased their price objective 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. Royal Bank of Canada increased their price objective on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 16th. Finally, HSBC increased their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $450.62.

The Goldman Sachs Group 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.