Signaturefd LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 1.2% during the first quarter, Holdings Channel reports. The institutional investor owned 2,440 shares of the investment management company’s stock after buying an additional 28 shares during the period. Signaturefd LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $561,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of GS. Bank of Montreal Can boosted its position in Goldman Sachs Group, Inc. (The) by 4.3% in the first quarter. Bank of Montreal Can now owns 294,932 shares of the investment management company’s stock valued at $67,751,000 after buying an additional 12,094 shares in the last quarter. Regentatlantic Capital LLC boosted its position in Goldman Sachs Group, Inc. (The) by 13.0% in the first quarter. Regentatlantic Capital LLC now owns 13,767 shares of the investment management company’s stock valued at $3,163,000 after buying an additional 1,583 shares in the last quarter. Private Trust Co. NA boosted its position in Goldman Sachs Group, Inc. (The) by 52.7% in the first quarter. Private Trust Co. NA now owns 3,599 shares of the investment management company’s stock valued at $826,000 after buying an additional 1,242 shares in the last quarter. Campbell Newman Asset Management Inc. purchased a new position in Goldman Sachs Group, Inc. (The) during the first quarter valued at about $718,000. Finally, Amarillo National Bank purchased a new position in Goldman Sachs Group, Inc. (The) during the first quarter valued at about $238,000. Hedge funds and other institutional investors own 73.72% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE GS) traded down 0.60% during midday trading on Friday, hitting $224.15. 2,956,601 shares of the company were exchanged. The stock has a market capitalization of $87.02 billion, a price-to-earnings ratio of 11.75 and a beta of 1.42. The company has a 50-day moving average price of $225.05 and a 200-day moving average price of $229.72. 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 posted its quarterly 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 return on equity of 11.27% and a net margin of 26.44%. The firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.72 EPS. On average, analysts forecast that Goldman Sachs Group, Inc. will post $18.20 EPS for the current year.

Goldman Sachs Group, Inc. (The) announced that its Board of Directors has initiated a share buyback program on Tuesday, April 18th that permits the company to buyback 50,000,000 shares. This buyback authorization permits the investment management company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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 issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.34%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.74%.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/08/12/signaturefd-llc-has-561000-position-in-goldman-sachs-group-inc-the-nysegs.html.

Several equities analysts recently issued reports on GS shares. Royal Bank Of Canada decreased their target price on shares of Goldman Sachs Group, Inc. (The) to $250.00 and set a “neutral” rating for the company in a research note on Tuesday, April 18th. Rafferty Capital Markets cut shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and decreased their target price for the company from $288.00 to $221.00 in a research note on Tuesday, April 18th. Citigroup Inc. upgraded shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating and set a $225.00 target price for the company in a research note on Wednesday, April 19th. Credit Suisse Group reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 19th. Finally, Bank of America Corporation decreased their target price on shares of Goldman Sachs Group, Inc. (The) from $275.00 to $265.00 and set a “buy” rating for the company in a research note on Wednesday, April 19th. 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 given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $235.44.

In other news, EVP John F.W. Rogers sold 17,685 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 80,109 shares in the company, valued at approximately $18,827,217.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Viniar sold 4,590 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total value of $1,045,556.10. Following the sale, the director now 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 90 days. 2.57% of the stock is owned by company 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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group, Inc. (The) (NYSE:GS).

Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

Receive News & Ratings for Goldman Sachs Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.