B. Riley Wealth Management Inc. cut its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 21.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,327 shares of the investment management company’s stock after selling 354 shares during the quarter. B. Riley Wealth Management Inc.’s holdings in Goldman Sachs Group were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA lifted its position in Goldman Sachs Group by 5.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 11,218,642 shares of the investment management company’s stock valued at $1,734,290,000 after purchasing an additional 539,838 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Goldman Sachs Group by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 6,075,538 shares of the investment management company’s stock valued at $1,200,648,000 after purchasing an additional 296,438 shares during the last quarter. Jennison Associates LLC lifted its position in Goldman Sachs Group by 53.3% during the second quarter. Jennison Associates LLC now owns 5,459,398 shares of the investment management company’s stock valued at $1,078,886,000 after purchasing an additional 1,897,007 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Goldman Sachs Group by 4.8% in the 1st quarter. Geode Capital Management LLC now owns 4,736,073 shares of the investment management company’s stock worth $730,753,000 after acquiring an additional 218,682 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Goldman Sachs Group by 19.2% in the 1st quarter. Alliancebernstein L.P. now owns 3,170,957 shares of the investment management company’s stock worth $490,198,000 after acquiring an additional 510,619 shares during the last quarter. Institutional investors and hedge funds own 68.70% of the company’s stock.

A number of brokerages have recently weighed in on GS. Wells Fargo & Company restated a “buy” rating and issued a $255.00 price objective on shares of Goldman Sachs Group in a report on Tuesday, June 30th. Oppenheimer boosted their price objective on shares of Goldman Sachs Group from $335.00 to $355.00 in a report on Thursday, July 16th. UBS Group restated a “hold” rating and issued a $200.00 price objective on shares of Goldman Sachs Group in a report on Wednesday, July 15th. Barclays boosted their price objective on shares of Goldman Sachs Group from $236.00 to $253.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Finally, Berenberg Bank boosted their price objective on shares of Goldman Sachs Group from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $243.52.

Goldman Sachs Group stock traded up $4.25 during mid-day trading on Wednesday, reaching $202.25. 84,780 shares of the company traded hands, compared to its average volume of 3,779,712. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s 50 day moving average price is $205.04 and its 200 day moving average price is $191.60. The firm has a market capitalization of $68.13 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 6.84 and a beta of 1.42. Goldman Sachs Group Inc has a 52-week low of $130.85 and a 52-week high of $250.46.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, July 15th. The investment management company reported $6.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.78 by $2.48. The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $9.76 billion. Goldman Sachs Group had a net margin of 13.40% and a return on equity of 9.07%. The company’s quarterly revenue was up 40.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.81 EPS. On average, sell-side analysts anticipate that Goldman Sachs Group Inc will post 12.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Monday, August 31st. Goldman Sachs Group’s payout ratio is currently 23.78%.

Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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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