Private Wealth Partners LLC increased its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 70.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,486 shares of the investment management company’s stock after buying an additional 23,775 shares during the period. Goldman Sachs Group, Inc. (The) accounts for about 2.8% of Private Wealth Partners LLC’s holdings, making the stock its 12th largest position. Private Wealth Partners LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $12,756,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted 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 worth $144,000 after buying an additional 2 shares during the last quarter. Hudock Capital Group LLC boosted its position in shares of 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 in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of 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 in the last quarter. Balasa Dinverno & Foltz LLC boosted its position in shares of 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 in the last quarter. Finally, Guardian Life Insurance Co. of America boosted its position in shares of 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 in the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs Group, Inc. (NYSE:GS) opened at 222.15 on Friday. The firm has a 50-day moving average of $225.59 and a 200-day moving average of $229.32. Goldman Sachs Group, Inc. has a 1-year low of $157.77 and a 1-year high of $255.15. The firm has a market capitalization of $86.24 billion, a price-to-earnings ratio of 11.65 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results 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 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 firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.72 earnings per share. On average, analysts expect that Goldman Sachs Group, Inc. will post $18.23 earnings per share for the current year.

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 issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.74%.

COPYRIGHT VIOLATION WARNING: “Goldman Sachs Group, Inc. (The) (GS) Shares Bought by Private Wealth Partners LLC” was first posted by Daily Political and is owned by of Daily Political. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.dailypolitical.com/2017/08/20/goldman-sachs-group-inc-the-gs-shares-bought-by-private-wealth-partners-llc-3.html.

Several equities analysts have commented on GS shares. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, June 12th. Vetr cut shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $191.87 price target for the company. in a research report on Monday, April 24th. Royal Bank Of Canada reissued a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, June 23rd. Capital One Financial Corporation reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, July 11th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $225.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $235.44.

In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 4,590 shares of the 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 sale, the director now directly owns 854,925 shares of the company’s stock, valued at $194,743,365.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John F.W. Rogers sold 17,685 shares of the 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 directly owns 80,109 shares in the company, valued at approximately $18,827,217.18. The disclosure for this sale can be found here. Insiders have sold 25,535 shares of company stock worth $5,956,868 over the last three months. 2.57% of the stock is 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.

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.