Catamount Wealth Management lowered its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 4.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,105 shares of the investment management company’s stock after selling 800 shares during the quarter. Goldman Sachs Group, Inc. (The) makes up about 2.3% of Catamount Wealth Management’s investment portfolio, making the stock its 15th largest position. Catamount Wealth Management’s holdings in Goldman Sachs Group, Inc. (The) were worth $3,796,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. WealthTrust Arizona LLC raised its position in shares of Goldman Sachs Group, Inc. (The) by 97.1% during the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock worth $104,000 after acquiring an additional 231 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the second quarter worth $111,000. First Personal Financial Services raised its position in shares of Goldman Sachs Group, Inc. (The) by 230.2% during the second quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock worth $116,000 after acquiring an additional 366 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Goldman Sachs Group, Inc. (The) by 10.7% during the first quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock worth $126,000 after acquiring an additional 54 shares during the last quarter. Finally, Security Asset Management bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the second quarter worth $128,000. Institutional investors own 73.31% of the company’s stock.

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A number of equities research analysts have recently weighed in on GS shares. J P Morgan Chase & Co restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, May 29th. Keefe, Bruyette & Woods set a $260.00 price objective on Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a report on Thursday, June 8th. Vetr upgraded Goldman Sachs Group, Inc. (The) from a “strong sell” rating to a “buy” rating and set a $233.49 price objective for the company in a report on Wednesday, June 7th. Deutsche Bank AG reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Finally, Capital One Financial Corporation reiterated 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 issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $235.44.

Goldman Sachs Group, Inc. (NYSE GS) opened at 231.03 on Monday. 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 firm’s 50-day moving average price is $224.38 and its 200-day moving average price is $225.69. Goldman Sachs Group, Inc. has a 1-year low of $157.77 and a 1-year high of $255.15.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.47 billion. During the same quarter in the previous year, the firm posted $3.72 EPS. The business’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 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be issued a $0.75 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.30%. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.74%.

In other news, EVP John F.W. Rogers sold 17,685 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total value of $4,156,328.70. Following the transaction, the executive vice president now owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David M. Solomon sold 3,260 shares of the company’s 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 transaction, the insider now directly owns 177,594 shares in the company, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,535 shares of company stock worth $5,956,868. 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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