Goldman Sachs Group, Inc. (The) (GS) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,385 shares of the investment management company’s stock after selling 214 shares during the period. Private Advisor Group LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $1,667,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. WealthTrust Arizona LLC lifted its position in Goldman Sachs Group, Inc. (The) by 97.1% during the 2nd 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. Sterling Investment Advisors Ltd. lifted its position in Goldman Sachs Group, Inc. (The) by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after acquiring an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Goldman Sachs Group, Inc. (The) during the 2nd quarter worth $111,000. First Personal Financial Services lifted its position in Goldman Sachs Group, Inc. (The) by 230.2% during the 2nd 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. Finally, Parallel Advisors LLC lifted its position in Goldman Sachs Group, Inc. (The) by 10.7% during the 1st 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. 73.31% of the stock is owned by hedge funds and other institutional investors.

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In related news, insider David M. Solomon sold 3,260 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $231.59, for a total transaction of $754,983.40. Following the sale, the insider now directly owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Viniar sold 4,590 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the sale, the director now directly owns 854,925 shares in the company, valued at $194,743,365.75. The disclosure for this sale can be found here. Insiders sold a total of 25,535 shares of company stock valued at $5,956,868 over the last 90 days. Corporate insiders own 2.57% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at 242.40 on Thursday. The firm’s 50-day moving average is $229.56 and its 200 day moving average is $225.14. The company has a market capitalization of $94.10 billion, a PE ratio of 12.71 and a beta of 1.41. Goldman Sachs Group, Inc. has a 52 week low of $165.51 and a 52 week 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 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 analysts’ expectations of $7.47 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.72 EPS. On average, analysts anticipate that Goldman Sachs Group, Inc. will post $18.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s payout ratio is presently 15.74%.

A number of research analysts have recently commented on GS shares. Vetr lowered shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and set a $233.49 price objective for the company. in a research report on Wednesday, June 14th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, June 23rd. J P Morgan Chase & Co reaffirmed a “buy” rating and set a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, June 26th. Credit Suisse Group upped their price objective on shares of Goldman Sachs Group, Inc. (The) from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) has a consensus rating of “Hold” and an average target price of $240.09.

Goldman Sachs Group, Inc. (The) Company Profile

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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