Berkshire Asset Management LLC PA decreased its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 13.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,209 shares of the investment management company’s stock after selling 194 shares during the period. Berkshire Asset Management LLC PA’s holdings in Goldman Sachs Group, Inc. (The) were worth $268,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cypress Asset Management Inc. TX raised its position in Goldman Sachs Group, Inc. (The) by 20.2% in the second quarter. Cypress Asset Management Inc. TX now owns 24,752 shares of the investment management company’s stock valued at $5,492,000 after buying an additional 4,153 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in Goldman Sachs Group, Inc. (The) by 11.5% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 22,735 shares of the investment management company’s stock valued at $5,092,000 after buying an additional 2,342 shares during the period. Excalibur Management Corp raised its position in Goldman Sachs Group, Inc. (The) by 159.3% in the second quarter. Excalibur Management Corp now owns 4,691 shares of the investment management company’s stock valued at $1,041,000 after buying an additional 2,882 shares during the period. WealthTrust Arizona LLC raised its position in Goldman Sachs Group, Inc. (The) by 97.1% in the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after buying an additional 231 shares during the period. Finally, Delta Asset Management LLC TN raised its position in Goldman Sachs Group, Inc. (The) by 0.9% in the second quarter. Delta Asset Management LLC TN now owns 85,269 shares of the investment management company’s stock valued at $18,921,000 after buying an additional 801 shares during the period. Institutional investors and hedge funds own 73.72% of the company’s stock.

Goldman Sachs Group, Inc. (NYSE GS) traded down 0.66% during mid-day trading on Friday, hitting $224.01. 1,717,614 shares of the stock were exchanged. The firm has a market cap of $86.96 billion, a P/E ratio of 11.74 and a beta of 1.42. The company has a 50 day moving average of $224.93 and a 200 day moving average of $229.79. Goldman Sachs Group, Inc. has a 12-month low of $157.77 and a 12-month high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings results 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 the consensus estimate of $7.47 billion. During the same period last year, the company earned $3.72 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts anticipate that Goldman Sachs Group, Inc. will post $18.20 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.33%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is currently 15.74%.

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GS has been the subject of several analyst reports. HSBC Holdings plc lowered shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and raised their target price for the stock from $223.80 to $250.00 in a report on Friday. Wells Fargo & Company initiated coverage on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday. They issued an “outperform” rating and a $265.00 target price for the company. BidaskClub upgraded shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. UBS AG lowered shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating and raised their target price for the stock from $220.19 to $230.00 in a report on Monday, July 24th. Finally, Berenberg Bank restated a “sell” rating and issued a $190.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $235.44.

In other Goldman Sachs Group, Inc. (The) news, insider David M. Solomon sold 3,260 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $231.59, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 17,685 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total value of $4,156,328.70. Following the completion of the sale, the executive vice president now directly owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The disclosure for this sale can be found here. In the last three months, insiders sold 25,535 shares of company stock valued at $5,956,868. 2.57% of the stock is owned by corporate insiders.

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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