The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Leo Wealth LLC

Leo Wealth LLC trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 19.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,298 shares of the investment management company's stock after selling 571 shares during the period. Leo Wealth LLC's holdings in The Goldman Sachs Group were worth $1,255,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Capital Advisory LLC purchased a new position in The Goldman Sachs Group during the first quarter valued at $29,000. Curio Wealth LLC purchased a new position in The Goldman Sachs Group during the fourth quarter valued at $30,000. Godsey & Gibb Inc. lifted its holdings in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares in the last quarter. Transce3nd LLC purchased a new position in The Goldman Sachs Group during the fourth quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group during the fourth quarter valued at $31,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday. Morgan Stanley reissued an "equal weight" rating on shares of The Goldman Sachs Group in a research note on Thursday. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target on the stock. in a research note on Friday, April 4th. Finally, Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $614.00.

The Goldman Sachs Group Trading Down 1.1%

The Goldman Sachs Group stock traded down $8.02 during midday trading on Tuesday, hitting $705.28. 715,281 shares of the stock were exchanged, compared to its average volume of 2,380,466. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $726.00. The stock has a market capitalization of $216.41 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 0.96 and a beta of 1.35. The stock's 50-day simple moving average is $635.21 and its 200 day simple moving average is $597.55. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The business had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same period last year, the business earned $11.58 earnings per share. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

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.