BBR Partners LLC reduced its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 93.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,703 shares of the investment management company’s stock after selling 24,488 shares during the period. BBR Partners LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $391,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Goldman Sachs Group, Inc. (The) by 4.4% in the first quarter. Vanguard Group Inc. now owns 23,768,377 shares of the investment management company’s stock worth $5,460,072,000 after buying an additional 1,001,162 shares in the last quarter. FMR LLC raised its position in Goldman Sachs Group, Inc. (The) by 10.9% in the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock worth $2,525,869,000 after buying an additional 1,084,624 shares in the last quarter. Wellington Management Group LLP raised its position in Goldman Sachs Group, Inc. (The) by 0.9% in the first quarter. Wellington Management Group LLP now owns 3,585,864 shares of the investment management company’s stock worth $823,745,000 after buying an additional 32,418 shares in the last quarter. Alliancebernstein L.P. raised its position in Goldman Sachs Group, Inc. (The) by 84.4% in the first quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company’s stock worth $739,978,000 after buying an additional 1,474,433 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Goldman Sachs Group, Inc. (The) by 6.4% in the first quarter. Wells Fargo & Company MN now owns 2,177,944 shares of the investment management company’s stock worth $500,319,000 after buying an additional 130,825 shares in the last quarter. 73.72% of the stock is currently owned by institutional investors.

Shares of Goldman Sachs Group, Inc. (NYSE GS) traded down 0.70% during midday trading on Wednesday, hitting $230.42. The company’s stock had a trading volume of 855,681 shares. The company has a 50-day moving average price of $224.19 and a 200 day moving average price of $229.87. The company has a market cap of $92.84 billion, a P/E ratio of 12.08 and a beta of 1.42. Goldman Sachs Group, Inc. has a 1-year low of $157.77 and a 1-year high of $255.15.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The firm had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.47 billion. During the same period last year, the company posted $3.72 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. On average, equities research analysts predict that Goldman Sachs Group, Inc. will post $18.19 EPS for the current year.

Goldman Sachs Group, Inc. (The) declared that its board has authorized a stock buyback program on Tuesday, April 18th that allows the company to repurchase 50,000,000 shares. This repurchase authorization allows the investment management company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.29%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.

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GS has been the topic of a number of recent analyst reports. Royal Bank Of Canada reduced their price objective on Goldman Sachs Group, Inc. (The) to $250.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 18th. Credit Suisse Group restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, April 19th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, June 12th. Rafferty Capital Markets downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and dropped their target price for the stock from $288.00 to $221.00 in a research report on Tuesday, April 18th. Finally, Vetr downgraded Goldman Sachs Group, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $191.87 target price for the company. in a research report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $235.25.

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