Baskin Financial Services Inc. increased its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,879 shares of the investment management company’s stock after buying an additional 688 shares during the period. Goldman Sachs Group, Inc. (The) makes up 2.2% of Baskin Financial Services Inc.’s investment portfolio, making the stock its 24th largest position. Baskin Financial Services Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $10,181,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. WealthTrust Arizona LLC increased its stake 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 period. Parallel Advisors LLC increased its stake 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 period. Carroll Financial Associates Inc. increased its stake in shares of Goldman Sachs Group, Inc. (The) by 4.1% in the second quarter. Carroll Financial Associates Inc. now owns 586 shares of the investment management company’s stock worth $130,000 after buying an additional 23 shares during the period. YorkBridge Wealth Partners LLC increased its stake 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 period. Finally, Franklin Parlapiano Turner & Welch LLC bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $161,000. Institutional investors and hedge funds own 73.72% of the company’s stock.

Goldman Sachs Group, Inc. (NYSE GS) traded down 0.60% during mid-day trading on Friday, reaching $224.15. The company’s stock had a trading volume of 2,956,601 shares. The firm has a market capitalization of $87.02 billion, a price-to-earnings ratio of 11.75 and a beta of 1.42. Goldman Sachs Group, Inc. has a 52 week low of $157.77 and a 52 week high of $255.15. The company’s 50-day moving average price is $225.05 and its 200 day moving average price is $229.72.

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, topping analysts’ consensus estimates of $3.39 by $0.56. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate 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 was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.72 earnings per share. On average, equities analysts forecast that Goldman Sachs Group, Inc. will post $18.20 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.34%. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.74%.

Goldman Sachs Group, Inc. (The) declared that its Board of Directors has approved a share repurchase 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 usually an indication that the company’s management believes its stock is undervalued.

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A number of brokerages have issued reports on GS. UBS AG restated a “buy” rating and set a $285.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, April 19th. Keefe, Bruyette & Woods set a $260.00 target price on Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research note on Saturday, May 6th. BidaskClub raised Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. HSBC Holdings plc cut Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and upped their target price for the company from $223.80 to $250.00 in a research note on Friday. Finally, Wells Fargo & Company began coverage on Goldman Sachs Group, Inc. (The) in a research note on Wednesday. They set an “outperform” rating and a $265.00 target price on the stock. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $235.44.

In related 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 transaction, the director now owns 854,925 shares in the company, valued at $194,743,365.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John F.W. Rogers sold 17,685 shares of the business’s stock in a transaction 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 transaction, the executive vice president now 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. In the last quarter, insiders have sold 25,535 shares of company stock valued at $5,956,868. Insiders own 2.57% of the company’s stock.

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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