E&G Advisors LP raised its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 55.6% during the second quarter, Holdings Channel reports. The fund owned 2,800 shares of the investment management company’s stock after buying an additional 1,000 shares during the period. E&G Advisors LP’s holdings in Goldman Sachs Group, Inc. (The) were worth $621,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GS. WealthTrust Arizona LLC boosted its position in shares of 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 worth $104,000 after buying an additional 231 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Goldman Sachs Group, Inc. (The) by 10.7% in the first quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock worth $126,000 after buying an additional 54 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position 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 worth $144,000 after buying an additional 2 shares during the last quarter. Franklin Parlapiano Turner & Welch LLC acquired a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth approximately $161,000. Finally, Vident Investment Advisory LLC acquired a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth approximately $392,000. 73.72% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs Group, Inc. (GS) traded down 0.66% on Friday, reaching $224.01. 1,717,614 shares of the company’s stock were exchanged. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15. The stock has a market cap of $86.96 billion, a price-to-earnings ratio of 11.74 and a beta of 1.42. The firm has a 50 day moving average of $224.93 and a 200-day moving average of $229.79.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.39 by $0.56. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.47 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. The company’s revenue for the quarter 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 forecast that Goldman Sachs Group, Inc. will post $18.20 EPS for the current fiscal year.

Goldman Sachs Group, Inc. (The) declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 18th that permits the company to repurchase 50,000,000 shares. This repurchase authorization permits the investment management company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be given 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 15.74%.

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A number of equities analysts have commented on the stock. UBS AG reissued a “buy” rating and issued a $285.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 19th. Keefe, Bruyette & Woods set a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research note on Saturday, May 6th. 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. BidaskClub upgraded shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $235.44.

In other news, insider David M. Solomon sold 3,260 shares of Goldman Sachs Group, Inc. (The) stock in a transaction 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 completion of the transaction, the insider now owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John F.W. Rogers sold 17,685 shares of Goldman Sachs Group, Inc. (The) stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.02, for a total value of $4,156,328.70. Following the transaction, 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. Over the last quarter, insiders sold 25,535 shares of company stock worth $5,956,868. 2.57% of the stock is currently 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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