Connecticut Wealth Management LLC maintained its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,006 shares of the investment management company’s stock at the close of the 2nd quarter. Connecticut Wealth Management LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $227,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GS. BlackRock Inc. grew its position in Goldman Sachs Group, Inc. (The) by 3,301.2% during the 1st quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after purchasing an additional 23,847,154 shares during the period. New England Asset Management Inc. grew its position in Goldman Sachs Group, Inc. (The) by 440.8% during the 1st quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock worth $535,492,000 after purchasing an additional 1,900,000 shares during the period. Alliancebernstein L.P. grew its position in Goldman Sachs Group, Inc. (The) by 84.4% during the 1st quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company’s stock worth $739,978,000 after purchasing an additional 1,474,433 shares during the period. Harbour Capital Advisors LLC grew its position in Goldman Sachs Group, Inc. (The) by 22,290.9% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock worth $5,016,000 after purchasing an additional 1,108,079 shares during the period. Finally, FMR LLC grew its position in Goldman Sachs Group, Inc. (The) by 10.9% during the 1st quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock worth $2,525,869,000 after purchasing an additional 1,084,624 shares during the period. 73.38% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on the company. BidaskClub downgraded Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Buckingham Research reaffirmed a “neutral” rating and set a $243.00 price target (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 10th. Wells Fargo & Company initiated coverage on Goldman Sachs Group, Inc. (The) in a research report on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price target on the stock. Berenberg Bank reissued a “sell” rating and set a $190.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. Finally, Credit Suisse Group increased their target price on shares of Goldman Sachs Group, Inc. (The) from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $235.44.

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at 225.22 on Friday. Goldman Sachs Group, Inc. has a 12-month low of $157.77 and a 12-month high of $255.15. The firm has a market cap of $87.43 billion, a P/E ratio of 11.81 and a beta of 1.42. The company has a 50-day moving average of $224.17 and a 200 day moving average of $226.39.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. The firm had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.47 billion. During the same quarter in the prior year, the business posted $3.72 earnings per share. Goldman Sachs Group, Inc. (The)’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts anticipate that Goldman Sachs Group, Inc. will post $18.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors 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 yield of 1.33%. The ex-dividend date of this dividend is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.74%.

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In other 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 value of $1,045,556.10. Following the completion of the sale, the director now owns 854,925 shares of the company’s stock, valued at $194,743,365.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David M. Solomon sold 3,260 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $231.59, for a total transaction of $754,983.40. Following the completion of the sale, the insider now directly owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. Insiders have sold 25,535 shares of company stock valued at $5,956,868 in the last ninety days. 2.57% of the stock is currently owned by company insiders.

Goldman Sachs Group, Inc. (The) 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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