Tokio Marine Asset Management Co. Ltd. lowered its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 73.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,655 shares of the investment management company’s stock after selling 27,317 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Goldman Sachs Group, Inc. (The) were worth $2,218,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Ancora Advisors LLC bought a new position in shares of Goldman Sachs Group, Inc. (The) during the fourth quarter worth approximately $109,000. YorkBridge Wealth Partners LLC boosted its position in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 640 shares of the investment management company’s stock worth $144,000 after buying an additional 2 shares in the last quarter. Israel Discount Bank of New York GFN acquired a new position in Goldman Sachs Group, Inc. (The) during the fourth quarter worth about $158,000. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Goldman Sachs Group, Inc. (The) during the fourth quarter valued at $166,000. Finally, Quadrant Capital Group LLC boosted its stake in Goldman Sachs Group, Inc. (The) by 11.5% in the first quarter. Quadrant Capital Group LLC now owns 875 shares of the investment management company’s stock valued at $192,000 after buying an additional 90 shares during the period. 73.72% of the stock is owned by institutional investors.

Goldman Sachs Group, Inc. (NYSE:GS) traded up 1.36% during midday trading on Monday, hitting $232.92. The stock had a trading volume of 3,807,249 shares. Goldman Sachs Group, Inc. has a 12 month low of $156.18 and a 12 month high of $255.15. The company has a market cap of $93.84 billion, a P/E ratio of 12.21 and a beta of 1.42. The firm’s 50-day moving average price is $224.01 and its 200 day moving average price is $229.94. Goldman Sachs Group, Inc. (The) also was the target of some unusual options trading on Friday. Investors purchased 36,096 call options on the company. This represents an increase of approximately 195% compared to the typical volume of 12,236 call options.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.39 by $0.56. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.25% and a net margin of 26.44%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.72 earnings per share. On average, analysts expect that Goldman Sachs Group, Inc. will post $18.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.29%. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.74%.

Goldman Sachs Group, Inc. (The) announced that its board has approved a share buyback program on Tuesday, April 18th that allows the company to repurchase 50,000,000 shares. This repurchase authorization allows the investment management company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: “Goldman Sachs Group, Inc. (The) (NYSE:GS) Shares Sold by Tokio Marine Asset Management Co. Ltd.” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.thecerbatgem.com/2017/08/07/tokio-marine-asset-management-co-ltd-has-2-22-million-stake-in-goldman-sachs-group-inc-the-nysegs-updated-updated-updated.html.

Several analysts have recently weighed in on GS shares. HSBC Holdings plc restated a “buy” rating and set a $275.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, April 25th. UBS AG restated a “buy” rating and set a $285.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 19th. Bank of America Corporation reduced their price target on Goldman Sachs Group, Inc. (The) from $275.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, April 19th. Credit Suisse Group reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 19th. Finally, Keefe, Bruyette & Woods set a $260.00 price objective on Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research note on Saturday, May 6th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $235.25.

In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 4,590 shares of Goldman Sachs Group, Inc. (The) 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 transaction, the director now owns 854,925 shares in the company, valued at $194,743,365.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.57% of the stock is currently owned by insiders.

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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