Weiss Multi Strategy Advisers LLC cut its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 94.5% during the first quarter, Holdings Channel reports. The fund owned 1,902 shares of the investment management company’s stock after selling 32,938 shares during the period. Weiss Multi Strategy Advisers LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $437,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in GS. Continental Advisors LLC raised its position in Goldman Sachs Group, Inc. (The) by 23.5% in the first quarter. Continental Advisors LLC now owns 43,050 shares of the investment management company’s stock valued at $9,889,000 after buying an additional 8,200 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Goldman Sachs Group, Inc. (The) during the first quarter valued at about $743,000. Oppenheimer & Co. Inc. raised its position in Goldman Sachs Group, Inc. (The) by 12.0% in the first quarter. Oppenheimer & Co. Inc. now owns 22,324 shares of the investment management company’s stock valued at $5,128,000 after buying an additional 2,397 shares during the last quarter. BlueMar Capital Management LLC raised its position in Goldman Sachs Group, Inc. (The) by 12.9% in the first quarter. BlueMar Capital Management LLC now owns 13,420 shares of the investment management company’s stock valued at $3,083,000 after buying an additional 1,535 shares during the last quarter. Finally, Allen Investment Management LLC raised its position in Goldman Sachs Group, Inc. (The) by 2.6% in the first quarter. Allen Investment Management LLC now owns 2,673 shares of the investment management company’s stock valued at $614,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 73.72% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded down 1.6727% during mid-day trading on Thursday, hitting $227.1458. The company had a trading volume of 889,546 shares. The company has a market capitalization of $88.18 billion, a PE ratio of 11.9093 and a beta of 1.42. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15. The company’s 50-day moving average is $224.84 and its 200 day moving average is $229.82.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS 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 business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. During the same period in the previous year, the business earned $3.72 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. On average, equities research analysts forecast that Goldman Sachs Group, Inc. will post $18.19 EPS for the current fiscal year.

Goldman Sachs Group, Inc. (The) announced that its Board of Directors has initiated a stock buyback program on Tuesday, April 18th that permits the company to buyback 50,000,000 shares. This buyback authorization permits the investment management company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors 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 payout ratio is 15.74%.

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Several research firms have recently issued reports on GS. BidaskClub lowered Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Buckingham Research restated a “neutral” rating and set a $243.00 target price (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 10th. Wells Fargo & Company began coverage on Goldman Sachs Group, Inc. (The) in a research report on Wednesday. They set an “outperform” rating and a $265.00 target price for the company. Berenberg Bank restated a “sell” rating and set a $190.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, July 21st. Finally, Credit Suisse Group boosted their target price on Goldman Sachs Group, Inc. (The) from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve 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 $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 dated Monday, August 7th. The stock was sold at an average price of $231.59, for a total transaction of $754,983.40. Following the completion of the sale, the insider now owns 177,594 shares of the company’s stock, valued at $41,128,994.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the director now directly owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The disclosure for this sale can be found here. 2.57% of the stock is owned by insiders.

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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