First Midwest Bank Trust Division lowered its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 29.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,924 shares of the investment management company’s stock after selling 789 shares during the period. First Midwest Bank Trust Division’s holdings in Goldman Sachs Group, Inc. (The) were worth $427,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Beese Fulmer Investment Management Inc. boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 1.2% in the first quarter. Beese Fulmer Investment Management Inc. now owns 17,696 shares of the investment management company’s stock valued at $4,065,000 after buying an additional 207 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at about $743,000. Hartwell J M Limited Partnership boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 125.8% in the first quarter. Hartwell J M Limited Partnership now owns 6,775 shares of the investment management company’s stock valued at $1,556,000 after buying an additional 3,775 shares during the last quarter. Addison Capital Co purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at about $460,000. Finally, Doyle Wealth Management purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at about $8,901,000. Hedge funds and other institutional investors own 73.72% of the company’s stock.

Goldman Sachs Group, Inc. (GS) traded down 0.60% during midday trading on Friday, hitting $224.15. The stock had a trading volume of 2,956,601 shares. The company has a market cap of $87.02 billion, a P/E ratio of 11.75 and a beta of 1.42. The stock’s 50-day moving average is $225.05 and its 200-day moving average is $229.72. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.39 by $0.56. The company 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%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.72 EPS. Equities analysts predict 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 initiated 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 leadership 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 given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.34%. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.74%.

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

In other news, insider David M. Solomon sold 3,260 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, 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. Insiders sold a total of 25,535 shares of company stock valued at $5,956,868 in the last three months. 2.57% of the stock is owned by company 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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