Goldman Sachs Group, Inc. (The) (GS) Shares Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. increased its holdings in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,200 shares of the investment management company’s stock after buying an additional 200 shares during the quarter. Hennessy Advisors Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $1,376,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. YorkBridge Wealth Partners LLC raised its stake in shares of Goldman Sachs Group, Inc. (The) by 0.3% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 640 shares of the investment management company’s stock valued at $144,000 after purchasing an additional 2 shares during the period. Chicago Partners Investment Group LLC raised its stake in shares of Goldman Sachs Group, Inc. (The) by 0.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,052 shares of the investment management company’s stock valued at $242,000 after purchasing an additional 3 shares during the period. MV Capital Management Inc. raised its stake in shares of Goldman Sachs Group, Inc. (The) by 0.5% in the 2nd quarter. MV Capital Management Inc. now owns 618 shares of the investment management company’s stock valued at $137,000 after purchasing an additional 3 shares during the period. Hudock Capital Group LLC raised its stake in shares of Goldman Sachs Group, Inc. (The) by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock valued at $251,000 after purchasing an additional 4 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. raised its stake in shares of Goldman Sachs Group, Inc. (The) by 0.7% in the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 912 shares of the investment management company’s stock valued at $202,000 after purchasing an additional 6 shares during the period. 73.31% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on GS shares. Capital One Financial Corporation reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, July 11th. Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. J P Morgan Chase & Co reissued a “buy” rating and issued a $260.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, June 26th. TheStreet downgraded Goldman Sachs Group, Inc. (The) from a “b” rating to a “c+” rating in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, June 23rd. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten 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 an average price target of $240.09.

Goldman Sachs Group, Inc. (NYSE:GS) opened at 239.80 on Friday. The company’s 50-day moving average price is $230.04 and its 200-day moving average price is $225.25. The company has a market cap of $93.09 billion, a PE ratio of 12.57 and a beta of 1.41. Goldman Sachs Group, Inc. has a 12-month low of $168.45 and a 12-month high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. During the same period in the prior year, the firm earned $3.72 EPS. The company’s revenue was down .6% compared to the same quarter last year. Equities analysts anticipate that Goldman Sachs Group, Inc. will post $18.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.

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In other news, Director David A. Viniar sold 4,590 shares of 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 completion of the transaction, the director now directly owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John F.W. Rogers sold 17,685 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the transaction, the executive vice president now directly owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The disclosure for this sale can be found here. Insiders have sold a total of 25,535 shares of company stock valued at $5,956,868 over the last three months. Insiders own 2.57% of the company’s stock.

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.

Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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