Huntington National Bank continued to hold its stake in Goldman Sachs Group Inc. (NYSE:GS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,898 shares of the investment management company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Goldman Sachs Group were worth $5,620,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC boosted its stake in Goldman Sachs Group by 85.5% in the second quarter. JFS Wealth Advisors LLC now owns 2,966 shares of the investment management company’s stock worth $441,000 after buying an additional 1,367 shares during the period. Bank of Montreal Can purchased a new stake in Goldman Sachs Group during the second quarter worth about $58,168,000. MSI Financial Services Inc boosted its stake in Goldman Sachs Group by 9.9% in the second quarter. MSI Financial Services Inc now owns 13,186 shares of the investment management company’s stock worth $1,959,000 after buying an additional 1,188 shares during the period. Financial Architects Inc boosted its stake in Goldman Sachs Group by 4,295.6% in the second quarter. Financial Architects Inc now owns 18,857 shares of the investment management company’s stock worth $2,802,000 after buying an additional 18,428 shares during the period. Finally, First Niagara Bank boosted its stake in Goldman Sachs Group by 0.7% in the second quarter. First Niagara Bank now owns 4,803 shares of the investment management company’s stock worth $714,000 after buying an additional 33 shares during the period. Institutional investors own 70.78% of the company’s stock.

Shares of Goldman Sachs Group Inc. (NYSE:GS) traded up 0.16% during trading on Tuesday, reaching $166.47. 1,533,159 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $165.78 and its 200-day moving average price is $158.34. Goldman Sachs Group Inc. has a 52-week low of $138.20 and a 52-week high of $199.90. The stock has a market cap of $70.98 billion, a PE ratio of 15.78 and a beta of 1.68.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, July 19th. The investment management company reported $3.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.00 by $0.72. Goldman Sachs Group had a net margin of 18.12% and a return on equity of 8.83%. The firm had revenue of $7.93 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same quarter in the prior year, the business posted $1.98 EPS. On average, equities research analysts forecast that Goldman Sachs Group Inc. will post $14.24 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 1st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.56%. Goldman Sachs Group’s dividend payout ratio is 24.60%.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $186.00 price target for the company in a report on Tuesday. Vetr cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $165.45 target price for the company. in a research note on Thursday, September 8th. TheStreet upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Oppenheimer Holdings Inc. set a $222.00 target price on shares of Goldman Sachs Group and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $214.00 target price (up previously from $197.00) on shares of Goldman Sachs Group in a research note on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $179.79.

In related news, EVP Edith W. Cooper sold 14,000 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $166.11, for a total transaction of $2,325,540.00. Following the sale, the executive vice president now owns 33,634 shares in the company, valued at approximately $5,586,943.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sarah G. Smith sold 2,664 shares of the stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $452,880.00. Following the sale, the insider now owns 13,075 shares in the company, valued at approximately $2,222,750. The disclosure for this sale can be found here. Corporate insiders own 2.61% of the company’s stock.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

5 Day Chart for NYSE:GS

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