Edgar Lomax Co. VA purchased a new stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,040 shares of the investment management company’s stock, valued at approximately $11,036,000.

Other large investors have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 640 shares of the investment management company’s stock valued at $144,000 after buying an additional 2 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 11.5% in the first quarter. Quadrant Capital Group LLC now owns 875 shares of the investment management company’s stock valued at $192,000 after buying an additional 90 shares in the last quarter. Cheviot Value Management LLC bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at about $203,000. Wealthsource Partners LLC bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at about $207,000. Finally, Haverford Trust Co. bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at about $210,000. 73.86% of the stock is owned by institutional investors.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded up 2.59% during mid-day trading on Friday, reaching $229.79. 3,400,343 shares of the company’s stock were exchanged. Goldman Sachs Group, Inc. has a 1-year low of $156.18 and a 1-year high of $255.15. The stock has a market capitalization of $92.58 billion, a PE ratio of 12.05 and a beta of 1.42. The company’s 50 day moving average is $224.01 and its 200 day moving average is $229.94.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.39 by $0.56. The business had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.47 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.25%. The company’s revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $3.72 earnings per share. Equities research analysts anticipate that Goldman Sachs Group, Inc. will post $18.19 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.31%. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.74%.

Goldman Sachs Group, Inc. (The) announced that its Board of Directors has approved a share buyback plan on Tuesday, April 18th that allows the company to repurchase 50,000,000 shares. This repurchase authorization allows the investment management company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

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Several equities research analysts recently issued reports on GS shares. Deutsche Bank AG restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Royal Bank Of Canada dropped their target price on shares of Goldman Sachs Group, Inc. (The) to $250.00 and set a “neutral” rating on the stock in a report on Tuesday, April 18th. Capital One Financial Corporation restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 11th. J P Morgan Chase & Co restated a “buy” rating and issued a $260.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, June 26th. Finally, Buckingham Research restated a “neutral” rating and issued a $243.00 target price (up previously from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 10th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) has an average rating of “Hold” and a consensus target price of $235.25.

In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 4,590 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the transaction, the director now directly owns 854,925 shares of the company’s stock, valued at $194,743,365.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.57% of the company’s stock.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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