Seaward Management Limited Partnership boosted its stake in Goldman Sachs Group Inc. (NYSE:GS) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,251 shares of the investment management company’s stock after buying an additional 202 shares during the period. Goldman Sachs Group accounts for about 1.2% of Seaward Management Limited Partnership’s portfolio, making the stock its 29th largest position. Seaward Management Limited Partnership’s holdings in Goldman Sachs Group were worth $21,284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. RS Investment Management Co. LLC raised its position in shares of Goldman Sachs Group by 4,831.1% in the second quarter. RS Investment Management Co. LLC now owns 76,778 shares of the investment management company’s stock worth $11,408,000 after buying an additional 75,221 shares during the last quarter. Pitcairn Co. raised its position in shares of Goldman Sachs Group by 0.4% in the second quarter. Pitcairn Co. now owns 4,947 shares of the investment management company’s stock worth $735,000 after buying an additional 18 shares during the last quarter. JFS Wealth Advisors LLC raised its position in shares of 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 last quarter. Bank of Montreal Can bought a new position in shares of Goldman Sachs Group during the second quarter worth $58,168,000. Finally, MSI Financial Services Inc raised its position in shares of 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 last quarter. 70.77% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs Group Inc. (NYSE:GS) traded up 0.34% during midday trading on Wednesday, reaching $167.03. 2,333,687 shares of the company traded hands. The firm has a market capitalization of $71.22 billion, a price-to-earnings ratio of 15.83 and a beta of 1.68. Goldman Sachs Group Inc. has a one year low of $138.20 and a one year high of $199.90. The firm has a 50-day moving average price of $166.10 and a 200-day moving average price of $158.40.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 19th. The investment management company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.72. Goldman Sachs Group had a return on equity of 8.83% and a net margin of 18.12%. The business had revenue of $7.93 billion for the quarter, compared to analysts’ expectations of $7.58 billion. During the same period last year, the business earned $1.98 EPS. Equities analysts predict that Goldman Sachs Group Inc. will post $14.24 EPS for the current fiscal year.

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

A number of research analysts have weighed in on GS shares. TheStreet raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Oppenheimer Holdings Inc. lifted their price target on shares of Goldman Sachs Group from $222.00 to $223.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. JPMorgan Chase & Co. set a $163.00 price target on shares of Goldman Sachs Group and gave the company a “buy” rating in a research note on Monday, June 27th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Goldman Sachs Group in a research note on Sunday, June 26th. Finally, Zacks Investment Research lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $179.79.

In other news, insider Sarah G. Smith sold 2,664 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 13,075 shares of the company’s stock, valued at approximately $2,222,750. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Edith W. Cooper sold 14,000 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $166.11, for a total value of $2,325,540.00. Following the sale, the executive vice president now directly owns 33,634 shares of the company’s stock, valued at $5,586,943.74. The disclosure for this sale can be found here. Company 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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