Texas Permanent School Fund Corp Grows Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Texas Permanent School Fund Corp raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,337 shares of the investment management company’s stock after buying an additional 428 shares during the period. Texas Permanent School Fund Corp’s holdings in The Goldman Sachs Group were worth $31,468,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Capital Management LLC boosted its position in The Goldman Sachs Group by 5.5% during the third quarter. Advisors Capital Management LLC now owns 819 shares of the investment management company’s stock worth $265,000 after acquiring an additional 43 shares during the last quarter. Creative Planning boosted its holdings in The Goldman Sachs Group by 3.4% in the 3rd quarter. Creative Planning now owns 66,586 shares of the investment management company’s stock valued at $21,545,000 after purchasing an additional 2,174 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in The Goldman Sachs Group by 206.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,377 shares of the investment management company’s stock valued at $3,358,000 after purchasing an additional 6,995 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at about $755,000. Finally, Invst LLC boosted its holdings in The Goldman Sachs Group by 0.9% in the 3rd quarter. Invst LLC now owns 4,396 shares of the investment management company’s stock valued at $1,423,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE:GS traded up $0.34 during trading hours on Thursday, reaching $479.23. 2,236,618 shares of the company’s stock were exchanged, compared to its average volume of 2,289,144. The firm has a market capitalization of $154.53 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 0.94 and a beta of 1.37. The company has a 50-day moving average of $456.87 and a 200 day moving average of $415.84. 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, Inc. has a 1-year low of $289.36 and a 1-year high of $483.16.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The Goldman Sachs Group’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.79 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 36.63 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GS shares. JMP Securities boosted their target price on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Oppenheimer boosted their price target on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Morgan Stanley reduced their price target on shares of The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating on the stock in a research note on Thursday, June 27th. Seaport Res Ptn downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, HSBC boosted their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $450.62.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the company’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 completion of the transaction, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction dated 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 transaction, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group 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 transaction, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

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.