Orleans Capital Management Corp LA bought a new stake in shares of Goldman Sachs Group Inc (NYSE:GS) during the second quarter, Holdings Channel reports. The fund bought 1,140 shares of the investment management company’s stock, valued at approximately $251,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GS. Moneta Group Investment Advisors LLC boosted its stake in shares of Goldman Sachs Group by 7,719.0% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 23,457 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 23,157 shares in the last quarter. Zions Bancorporation bought a new stake in shares of Goldman Sachs Group during the 2nd quarter valued at about $109,000. First Mercantile Trust Co. bought a new stake in shares of Goldman Sachs Group during the 2nd quarter valued at about $110,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in shares of Goldman Sachs Group during the 1st quarter valued at about $151,000. Finally, Squar Milner Financial Services LLC bought a new stake in shares of Goldman Sachs Group during the 2nd quarter valued at about $157,000. 70.96% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs Group stock traded down $0.31 during trading hours on Tuesday, hitting $227.58. The stock had a trading volume of 7,500 shares, compared to its average volume of 2,304,213. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $86.55 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.73 and a beta of 1.28. Goldman Sachs Group Inc has a 12-month low of $218.89 and a 12-month high of $275.31.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, July 17th. The investment management company reported $5.98 earnings per share for the quarter, beating the consensus estimate of $4.66 by $1.32. Goldman Sachs Group had a net margin of 15.72% and a return on equity of 13.58%. The firm had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $8.74 billion. During the same period in the previous year, the company earned $3.95 earnings per share. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. equities research analysts forecast that Goldman Sachs Group Inc will post 24.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, August 30th will be issued a dividend of $0.80 per share. The ex-dividend date is Wednesday, August 29th. This represents a $3.20 annualized dividend and a dividend yield of 1.41%. Goldman Sachs Group’s payout ratio is 16.19%.

In other news, insider David M. Solomon sold 8,488 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $237.92, for a total transaction of $2,019,464.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David M. Solomon sold 8,382 shares of the business’s stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $232.08, for a total transaction of $1,945,294.56. The disclosure for this sale can be found here. 1.71% of the stock is owned by insiders.

GS has been the topic of several research reports. JPMorgan Chase & Co. reissued a “buy” rating and set a $285.00 price objective on shares of Goldman Sachs Group in a research note on Monday, September 10th. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $259.00 price objective on the stock in a research note on Friday, July 20th. Societe Generale raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Keefe, Bruyette & Woods dropped their price objective on shares of Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating on the stock in a research note on Wednesday, July 18th. Finally, Oppenheimer boosted their price objective on shares of Goldman Sachs Group from $304.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $273.69.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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