Midwest Professional Planners LTD. Buys 358 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Midwest Professional Planners LTD. lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,564 shares of the investment management company's stock after purchasing an additional 358 shares during the period. Midwest Professional Planners LTD.'s holdings in The Goldman Sachs Group were worth $3,039,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GS. GAMMA Investing LLC grew its holdings in The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after purchasing an additional 3,970,467 shares during the period. International Assets Investment Management LLC bought a new stake in shares of The Goldman Sachs Group in the first quarter valued at $1,766,238,000. Norges Bank purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $1,603,315,000. Castlekeep Investment Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $944,334,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of The Goldman Sachs Group by 214.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,294,084 shares of the investment management company's stock worth $741,018,000 after acquiring an additional 882,099 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GS. Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. HSBC reissued a "reduce" rating and set a $627.00 target price (up previously from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the stock an "outperform" rating in a report on Thursday, July 10th. Finally, JMP Securities reiterated a "market perform" rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a research report on Monday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Hold" and a consensus target price of $614.00.

The Goldman Sachs Group Price Performance

Shares of NYSE GS traded up $5.33 during midday trading on Wednesday, hitting $707.84. 3,319,797 shares of the company's stock were exchanged, compared to its average volume of 2,378,016. The business's fifty day moving average price is $641.38 and its two-hundred day moving average price is $599.03. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The company has a market cap of $217.19 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.96 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating analysts' consensus estimates of $9.82 by $1.09. The company had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The Goldman Sachs Group's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $8.62 EPS. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

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.