Comerica Bank cut its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,841 shares of the investment management company’s stock after selling 6,162 shares during the period. Comerica Bank’s holdings in Goldman Sachs Group, Inc. (The) were worth $23,529,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC raised its holdings 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 acquiring an additional 2 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings 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 acquiring an additional 3 shares in the last quarter. MV Capital Management Inc. raised its holdings in Goldman Sachs Group, Inc. (The) by 0.5% in the second quarter. MV Capital Management Inc. now owns 618 shares of the investment management company’s stock valued at $137,000 after acquiring an additional 3 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its holdings in Goldman Sachs Group, Inc. (The) by 0.7% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 912 shares of the investment management company’s stock valued at $202,000 after acquiring an additional 6 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC raised its holdings 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 acquiring an additional 7 shares in the last quarter. 73.31% of the stock is currently owned by hedge funds and other institutional investors.

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A number of analysts have weighed in on GS shares. Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Citigroup Inc. reissued a “neutral” rating and set a $225.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, June 28th. BidaskClub cut shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Royal Bank Of Canada reissued a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Thursday, August 31st. Finally, Capital One Financial Corporation reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $235.44.

In other Goldman Sachs Group, Inc. (The) news, insider David M. Solomon sold 3,260 shares of the business’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, 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 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 directly owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The disclosure for this sale can be found here. Insiders sold 25,535 shares of company stock valued at $5,956,868 over the last ninety days. 2.57% of the stock is currently owned by company insiders.

Goldman Sachs Group, Inc. (NYSE GS) opened at 231.03 on Friday. Goldman Sachs Group, Inc. has a 52-week low of $157.77 and a 52-week high of $255.15. The company has a market cap of $89.69 billion, a price-to-earnings ratio of 12.11 and a beta of 1.42. The stock’s 50 day moving average is $224.38 and its 200 day moving average is $225.69.

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

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.30%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is 15.74%.

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.

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

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