OLD Mutual Customised Solutions Proprietary Ltd. cut its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,294 shares of the investment management company’s stock after selling 6 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Goldman Sachs Group, Inc. (The) were worth $1,676,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. YorkBridge Wealth Partners LLC raised its position in 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 valued at $144,000 after buying an additional 2 shares during the period. Hudock Capital Group LLC raised its stake in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Hudock Capital Group LLC now owns 1,130 shares of the investment management company’s stock valued at $259,000 after buying an additional 3 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,052 shares of the investment management company’s stock valued at $242,000 after buying an additional 3 shares during the last quarter. Balasa Dinverno & Foltz LLC raised its stake in Goldman Sachs Group, Inc. (The) by 0.8% in the first quarter. Balasa Dinverno & Foltz LLC now owns 924 shares of the investment management company’s stock valued at $212,000 after buying an additional 7 shares during the last quarter. Finally, Guardian Life Insurance Co. of America raised its stake in Goldman Sachs Group, Inc. (The) by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,426 shares of the investment management company’s stock valued at $328,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 73.72% of the company’s stock.

Goldman Sachs Group, Inc. (NYSE:GS) traded down 0.60% on Friday, hitting $224.15. The stock had a trading volume of 2,956,601 shares. Goldman Sachs Group, Inc. has a 12 month low of $157.77 and a 12 month high of $255.15. The company has a market cap of $87.02 billion, a PE ratio of 11.75 and a beta of 1.42. The company has a 50-day moving average of $225.05 and a 200 day moving average of $229.72.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.39 by $0.56. The company had revenue of $7.89 billion for 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%. The firm’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 earnings per share. On average, analysts predict that Goldman Sachs Group, Inc. will post $18.20 EPS for the current fiscal year.

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

Goldman Sachs Group, Inc. (The) announced that its Board of Directors has initiated a share 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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Several analysts have recently commented on GS shares. Royal Bank Of Canada decreased their price target on shares of Goldman Sachs Group, Inc. (The) from $250.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 19th. UBS AG restated a “buy” rating and set a $285.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 19th. Atlantic Securities upgraded shares of Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $214.00 to $254.00 in a report on Thursday, April 20th. Keefe, Bruyette & Woods set a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a report on Saturday, May 6th. Finally, HSBC Holdings plc lowered shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and raised their price objective for the stock from $223.80 to $250.00 in a report on Friday. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $235.44.

In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 4,590 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the sale, the director now owns 854,925 shares in the company, valued at approximately $194,743,365.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John F.W. Rogers sold 17,685 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $235.02, for a total value of $4,156,328.70. Following the sale, the executive vice president now owns 80,109 shares in the company, valued at approximately $18,827,217.18. The disclosure for this sale can be found here. Insiders sold a total of 25,535 shares of company stock worth $5,956,868 in the last quarter. Company 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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