Rockshelter Capital Management LLC decreased its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 2.1% during the first quarter, Holdings Channel reports. The fund owned 51,108 shares of the investment management company’s stock after selling 1,095 shares during the period. Goldman Sachs Group, Inc. (The) accounts for about 3.5% of Rockshelter Capital Management LLC’s portfolio, making the stock its 15th largest position. Rockshelter Capital Management LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $11,741,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Doyle Wealth Management purchased a new stake in Goldman Sachs Group, Inc. (The) during the first quarter valued at $8,901,000. Fox Run Management L.L.C. purchased a new stake in Goldman Sachs Group, Inc. (The) during the first quarter valued at $620,000. Integrated Wealth Management increased its stake in Goldman Sachs Group, Inc. (The) by 30.1% in the first quarter. Integrated Wealth Management now owns 1,183 shares of the investment management company’s stock valued at $272,000 after buying an additional 274 shares during the last quarter. Atria Investments LLC increased its stake in Goldman Sachs Group, Inc. (The) by 38.7% in the first quarter. Atria Investments LLC now owns 4,173 shares of the investment management company’s stock valued at $959,000 after buying an additional 1,164 shares during the last quarter. Finally, Amarillo National Bank purchased a new stake in Goldman Sachs Group, Inc. (The) during the first quarter valued at $238,000. Institutional investors and hedge funds own 73.72% of the company’s stock.

Goldman Sachs Group, Inc. (GS) traded down 0.63% during midday trading on Friday, reaching $224.09. The company’s stock had a trading volume of 1,115,700 shares. The company’s 50-day moving average is $224.93 and its 200 day moving average is $229.79. Goldman Sachs Group, Inc. has a 52 week low of $157.77 and a 52 week high of $255.15. The firm has a market capitalization of $86.99 billion, a P/E ratio of 11.75 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released 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. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. Goldman Sachs Group, Inc. (The)’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $3.72 EPS. Analysts expect 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 of Directors has initiated a stock buyback plan on Tuesday, April 18th that authorizes the company to buyback 50,000,000 shares. This buyback authorization authorizes the investment management company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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

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Several analysts have weighed in on the company. Wells Fargo & Company assumed coverage on Goldman Sachs Group, Inc. (The) in a research note on Wednesday. They set an “outperform” rating and a $265.00 price target on the stock. Deutsche Bank AG reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, July 4th. Vetr downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and set a $233.49 price target on the stock. in a research note on Wednesday, June 14th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $268.00 price target (up previously from $262.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) has a consensus rating of “Hold” and an average price target of $235.44.

In other news, Director David A. Viniar sold 4,590 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the sale, the director now directly owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John F.W. Rogers sold 17,685 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the sale, the executive vice president now directly owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The disclosure for this sale can be found here. Insiders sold a total of 25,535 shares of company stock valued at $5,956,868 over the last ninety days. 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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