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State of Michigan Retirement System Sells 7,406 Shares of The Goldman Sachs Group, Inc. $GS
The State of Michigan Retirement System reduced its stake in The Goldman Sachs Group by 8.6% in the fourth quarter of the prior year, selling 7,406 shares and retaining 78,567 shares valued at approximately $69.06 million. Despite some insider selling, Goldman Sachs reported strong Q1 results, beating EPS and revenue estimates, and announced a $4.50 quarterly dividend. Analysts hold a consensus “Hold” rating with an average price target of $922.71 for the company.