Oppenheimer & Co. Inc. boosted its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 12.0% during the first quarter, Holdings Channel reports. The institutional investor owned 22,324 shares of the investment management company’s stock after buying an additional 2,397 shares during the period. Oppenheimer & Co. Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $5,128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Goldman Sachs Group, Inc. (The) by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after buying an additional 23,847,154 shares in the last quarter. Vanguard Group Inc. raised its stake in Goldman Sachs Group, Inc. (The) by 4.4% in the first quarter. Vanguard Group Inc. now owns 23,768,377 shares of the investment management company’s stock valued at $5,460,072,000 after buying an additional 1,001,162 shares during the period. FMR LLC raised its stake in Goldman Sachs Group, Inc. (The) by 10.9% in the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock valued at $2,525,869,000 after buying an additional 1,084,624 shares during the period. Geode Capital Management LLC raised its stake in Goldman Sachs Group, Inc. (The) by 8.4% in the first quarter. Geode Capital Management LLC now owns 3,743,111 shares of the investment management company’s stock valued at $858,692,000 after buying an additional 289,159 shares during the period. Finally, Wellington Management Group LLP raised its stake in Goldman Sachs Group, Inc. (The) by 0.9% in the first quarter. Wellington Management Group LLP now owns 3,585,864 shares of the investment management company’s stock valued at $823,745,000 after buying an additional 32,418 shares during the period. 73.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded down 0.80% during trading on Friday, hitting $223.70. The stock had a trading volume of 1,008,634 shares. The company has a market capitalization of $86.84 billion, a PE ratio of 11.73 and a beta of 1.42. The firm has a 50-day moving average price of $224.93 and a 200 day moving average price of $229.79. Goldman Sachs Group, Inc. has a 52 week low of $157.77 and a 52 week high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, beating analysts’ consensus estimates of $3.39 by $0.56. The company had revenue of $7.89 billion during 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%. Goldman Sachs Group, Inc. (The)’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.72 EPS. Equities analysts anticipate that Goldman Sachs Group, Inc. will post $18.20 earnings per share for the current year.

The firm 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 dividend on an annualized basis and a yield of 1.33%. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.74%.

Goldman Sachs Group, Inc. (The) declared that its board has approved a share repurchase plan on Tuesday, April 18th that allows the company to buyback 50,000,000 shares. This buyback authorization allows the investment management company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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GS has been the topic of several analyst reports. Vetr lowered Goldman Sachs Group, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $191.87 target price on the stock. in a report on Monday, April 24th. Citigroup Inc. raised Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating and set a $225.00 target price on the stock in a report on Wednesday, April 19th. Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Atlantic Securities raised Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $214.00 to $254.00 in a report on Thursday, April 20th. Finally, HSBC Holdings plc reissued a “buy” rating and set a $275.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, April 25th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) presently has a consensus rating of “Hold” and a consensus target price of $235.44.

In other Goldman Sachs Group, Inc. (The) news, EVP John F.W. Rogers sold 17,685 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the completion of the transaction, the executive vice president now owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David M. Solomon sold 3,260 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $231.59, for a total value of $754,983.40. Following the transaction, the insider now directly owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. Insiders have sold a total of 25,535 shares of company stock valued at $5,956,868 in the last ninety days. 2.57% of the stock is currently owned by corporate 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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