Genesee Valley Trust Co. boosted its position in shares of Goldman Sachs Group Inc. (NYSE:GS) by 2.6% during the second quarter, Holdings Channel reports. The institutional investor owned 6,025 shares of the investment management company’s stock after buying an additional 152 shares during the period. Genesee Valley Trust Co.’s holdings in Goldman Sachs Group were worth $895,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. RS Investment Management Co. LLC boosted its stake in 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 in the last quarter. Pitcairn Co. boosted its stake in 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 in the last quarter. 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 in the last quarter. Bank of Montreal Can purchased a new stake in Goldman Sachs Group during the second quarter worth approximately $58,168,000. Finally, 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 in the last quarter. Institutional investors and hedge funds own 70.77% of the company’s stock.

Shares of Goldman Sachs Group Inc. (NYSE:GS) traded up 0.59% during midday trading on Thursday, reaching $168.02. 2,467,664 shares of the company traded hands. The company has a 50-day moving average of $166.37 and a 200 day moving average of $158.47. The firm has a market capitalization of $71.64 billion, a PE ratio of 15.93 and a beta of 1.68. Goldman Sachs Group Inc. has a 12-month low of $138.20 and a 12-month high of $199.90.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results 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 net margin of 18.12% and a return on equity of 8.83%. The firm earned $7.93 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the previous year, the firm posted $1.98 earnings per share. On average, equities analysts forecast that Goldman Sachs Group Inc. will post $14.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 1st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, August 30th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 24.60%.

A number of research firms recently commented on GS. JPMorgan Chase & Co. set a $176.00 price objective on shares of Goldman Sachs Group and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $186.00 price objective for the company in a research report on Tuesday. Vetr cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $165.45 price objective for the company. in a research report on Thursday, September 8th. TheStreet upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Finally, Oppenheimer Holdings Inc. set a $222.00 price objective on shares of Goldman Sachs Group and gave the company a “buy” rating in a research report on Wednesday, August 3rd. 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 company. The stock has a consensus rating of “Hold” and a consensus price target of $180.41.

In other Goldman Sachs Group news, EVP Edith W. Cooper sold 14,000 shares of Goldman Sachs Group 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 completion of the sale, the executive vice president now directly owns 33,634 shares of the company’s stock, valued at $5,586,943.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Sarah G. Smith sold 2,664 shares of Goldman Sachs Group stock in a transaction on Wednesday, August 31st. The shares were 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 $2,222,750. The disclosure for this sale can be found here. 2.61% of the stock is currently owned by company insiders.

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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