Greenleaf Trust decreased its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 20.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,584 shares of the investment management company’s stock after selling 666 shares during the period. Greenleaf Trust’s holdings in Goldman Sachs Group, Inc. (The) were worth $573,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GS. Carret Asset Management LLC raised its stake in shares of Goldman Sachs Group, Inc. (The) by 0.6% in the first quarter. Carret Asset Management LLC now owns 20,451 shares of the investment management company’s stock worth $4,698,000 after buying an additional 113 shares in the last quarter. Bridgewater Associates LP bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $2,187,000. Amarillo National Bank bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $238,000. Wells Fargo & Company MN raised its stake in shares of 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. Finally, Delta Lloyd NV bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $9,345,000. 73.72% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs Group, Inc. (NYSE GS) traded down 1.73% during trading on Thursday, hitting $227.02. 1,732,168 shares of the stock traded hands. The company’s 50 day moving average price is $224.84 and its 200 day moving average price is $229.82. Goldman Sachs Group, Inc. has a 12 month low of $157.77 and a 12 month high of $255.15. The company has a market cap of $88.13 billion, a P/E ratio of 11.90 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.39 by $0.56. The company had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.72 earnings per share. On average, equities research analysts anticipate that Goldman Sachs Group, Inc. will post $18.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.30%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.74%.

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

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A number of analysts recently weighed in on the stock. Deutsche Bank AG reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. Royal Bank Of Canada lowered their price objective on shares of Goldman Sachs Group, Inc. (The) to $250.00 and set a “neutral” rating for the company in a research note on Tuesday, April 18th. Capital One Financial Corporation reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, July 11th. J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, June 26th. Finally, Buckingham Research reaffirmed a “neutral” rating and issued a $243.00 price objective (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $236.44.

In other Goldman Sachs Group, Inc. (The) news, insider David M. Solomon sold 3,260 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $231.59, for a total transaction of $754,983.40. Following the transaction, the insider now owns 177,594 shares of the company’s stock, valued at $41,128,994.46. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director David A. Viniar sold 4,590 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred on 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 transaction, the director now directly owns 854,925 shares in the company, valued at approximately $194,743,365.75. The disclosure for this sale can be found here. Insiders own 2.57% of the company’s stock.

About Goldman Sachs Group, Inc. (The)

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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