Smithfield Trust Co. Has $513,000 Stake in Goldman Sachs Group, Inc. (The) (GS)

Smithfield Trust Co. reduced its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 24.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,311 shares of the investment management company’s stock after selling 730 shares during the period. Smithfield Trust Co.’s holdings in Goldman Sachs Group, Inc. (The) were worth $513,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Carret Asset Management LLC increased its position in shares of Goldman Sachs Group, Inc. (The) by 0.6% in the first quarter. Carret Asset Management LLC now owns 20,451 shares of the investment management company’s stock worth $4,698,000 after acquiring an additional 113 shares in the last quarter. Bank of Montreal Can increased its position in shares of Goldman Sachs Group, Inc. (The) by 33.1% in the second quarter. Bank of Montreal Can now owns 392,464 shares of the investment management company’s stock worth $87,090,000 after acquiring an additional 97,532 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Goldman Sachs Group, Inc. (The) by 52.2% in the second quarter. Janney Montgomery Scott LLC now owns 42,178 shares of the investment management company’s stock worth $9,359,000 after acquiring an additional 14,473 shares in the last quarter. Bridgewater Associates LP purchased a new position in shares of Goldman Sachs Group, Inc. (The) in the first quarter worth approximately $2,187,000. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Goldman Sachs Group, Inc. (The) in the second quarter worth approximately $42,536,000. 73.38% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs Group, Inc. (GS) opened at 221.06 on Tuesday. Goldman Sachs Group, Inc. has a 12 month low of $157.77 and a 12 month high of $255.15. The company has a market cap of $85.82 billion, a price-to-earnings ratio of 11.59 and a beta of 1.42. The company’s 50-day moving average is $223.64 and its 200-day moving average is $226.75.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.39 by $0.56. The company had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.72 EPS. On average, equities research analysts anticipate that Goldman Sachs Group, Inc. will post $18.23 earnings per share for the current year.

The business also recently disclosed 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. This represents a $3.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s payout ratio is presently 15.74%.

Several research firms recently commented on GS. Keefe, Bruyette & Woods cut shares of Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $260.00 to $240.00 in a report on Wednesday, July 19th. Oppenheimer Holdings, Inc. raised their price target on shares of Goldman Sachs Group, Inc. (The) from $251.00 to $256.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. Berenberg Bank restated a “sell” rating and set a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Friday, July 21st. Royal Bank Of Canada restated a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Friday, June 23rd. Finally, BidaskClub cut shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Goldman Sachs Group, Inc. (The) has a consensus rating of “Hold” and a consensus target price of $235.44.

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In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 4,590 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the sale, the director now owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John F.W. Rogers sold 17,685 shares of the firm’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 sale, the executive vice president now directly owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The disclosure for this sale can be found here. In the last three months, insiders sold 25,535 shares of company stock valued at $5,956,868. 2.57% of the stock is currently owned by insiders.

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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