Allspring Global Investments Holdings LLC Has $37.38 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Allspring Global Investments Holdings LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 23.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,901 shares of the investment management company’s stock after purchasing an additional 18,098 shares during the period. Allspring Global Investments Holdings LLC’s holdings in The Goldman Sachs Group were worth $37,381,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fairfield Bush & CO. acquired a new position in The Goldman Sachs Group during the 1st quarter valued at about $66,000. Candriam Luxembourg S.C.A. lifted its holdings in The Goldman Sachs Group by 1,505.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 41,300 shares of the investment management company’s stock valued at $13,633,000 after buying an additional 38,727 shares during the period. Baird Financial Group Inc. boosted its stake in The Goldman Sachs Group by 18.5% in the first quarter. Baird Financial Group Inc. now owns 118,609 shares of the investment management company’s stock valued at $39,153,000 after acquiring an additional 18,540 shares during the last quarter. Zions Bancorporation N.A. grew its holdings in The Goldman Sachs Group by 79.4% during the 1st quarter. Zions Bancorporation N.A. now owns 827 shares of the investment management company’s stock worth $273,000 after acquiring an additional 366 shares during the period. Finally, Covestor Ltd raised its position in shares of The Goldman Sachs Group by 118.3% during the 1st quarter. Covestor Ltd now owns 310 shares of the investment management company’s stock valued at $102,000 after acquiring an additional 168 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GS has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $390.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday, March 27th. Edward Jones initiated coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They set a “buy” rating for the company. Oppenheimer cut their target price on shares of The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Barclays boosted their price target on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.05.

Insider Activity

In other news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated 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 transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the transaction, the insider now owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,907 shares of company stock valued at $15,080,021. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Stock Down 2.0 %

Shares of GS stock opened at $389.44 on Friday. The firm’s fifty day moving average price is $394.74 and its two-hundred day moving average price is $363.46. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $419.20. 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 firm has a market capitalization of $126.38 billion, a P/E ratio of 17.07, a PEG ratio of 1.53 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $1.86. The business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $10.80 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The Goldman Sachs Group’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.32 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 33.13 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.