Taurus Asset Management LLC boosted its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,989 shares of the investment management company’s stock after purchasing an additional 965 shares during the quarter. Taurus Asset Management LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $8,874,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ballentine Partners LLC boosted its position in shares of Goldman Sachs Group, Inc. (The) by 34.1% during the 2nd quarter. Ballentine Partners LLC now owns 2,161 shares of the investment management company’s stock valued at $480,000 after acquiring an additional 549 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Goldman Sachs Group, Inc. (The) by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 1,879,568 shares of the investment management company’s stock valued at $417,123,000 after acquiring an additional 29,086 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Goldman Sachs Group, Inc. (The) by 54.2% during the 2nd quarter. Alps Advisors Inc. now owns 2,298 shares of the investment management company’s stock valued at $510,000 after acquiring an additional 808 shares during the last quarter. State of Wisconsin Investment Board boosted its position in shares of Goldman Sachs Group, Inc. (The) by 19.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 492,951 shares of the investment management company’s stock valued at $109,386,000 after acquiring an additional 80,000 shares during the last quarter. Finally, Denver Investment Advisors LLC bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the 2nd quarter valued at about $324,000. Institutional investors and hedge funds own 73.31% of the company’s stock.

A number of brokerages have recently issued reports on GS. HSBC Holdings plc downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and lifted their price target for the company from $223.80 to $250.00 in a research report on Friday, August 11th. Wells Fargo & Company began 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 for the company. J P Morgan Chase & Co set a $260.00 price target on Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research report on Friday, September 15th. TheStreet downgraded Goldman Sachs Group, Inc. (The) from a “b” rating to a “c+” rating in a research report on Thursday, September 7th. Finally, Zacks Investment Research downgraded Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned 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 related news, EVP John F.W. Rogers sold 17,685 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Viniar sold 4,590 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 25,535 shares of company stock valued at $5,956,868 over the last three months. 2.57% of the stock is owned by corporate insiders.

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Goldman Sachs Group, Inc. (NYSE:GS) opened at 231.03 on Friday. Goldman Sachs Group, Inc. has a 1-year low of $157.77 and a 1-year high of $255.15. The stock has a market capitalization of $89.69 billion, a PE ratio of 12.11 and a beta of 1.42. The stock’s 50 day moving average price is $224.38 and its 200 day moving average price is $225.69.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.47 billion. During the same period last year, the company earned $3.72 EPS. Goldman Sachs Group, Inc. (The)’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities research analysts predict that Goldman Sachs Group, Inc. will post $18.18 earnings per share for the current fiscal 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 paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.

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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