Cambridge Investment Research Advisors Inc. boosted its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,758 shares of the investment management company’s stock after buying an additional 15 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $1,552,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sheets Smith Wealth Management increased its stake in Goldman Sachs Group, Inc. (The) by 31.6% in the first quarter. Sheets Smith Wealth Management now owns 2,588 shares of the investment management company’s stock valued at $595,000 after buying an additional 621 shares in the last quarter. Quadrant Capital Group LLC increased 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 in the last quarter. Stillwater Investment Management LLC increased its stake in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Stillwater Investment Management LLC now owns 10,607 shares of the investment management company’s stock valued at $2,437,000 after buying an additional 29 shares in the last quarter. Pennsylvania Trust Co increased its stake in Goldman Sachs Group, Inc. (The) by 17.7% in the first quarter. Pennsylvania Trust Co now owns 26,263 shares of the investment management company’s stock valued at $6,033,000 after buying an additional 3,945 shares in the last quarter. Finally, Legacy Private Trust Co. increased its stake in Goldman Sachs Group, Inc. (The) by 92.4% in the first quarter. Legacy Private Trust Co. now owns 2,232 shares of the investment management company’s stock valued at $513,000 after buying an additional 1,072 shares in the last quarter. 73.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Goldman Sachs Group, Inc. (NYSE GS) traded up 0.13% during midday trading on Tuesday, hitting $233.23. The stock had a trading volume of 330,091 shares. The stock’s 50-day moving average price is $224.01 and its 200 day moving average price is $229.94. The company has a market cap of $93.97 billion, a price-to-earnings ratio of 12.23 and a beta of 1.42. Goldman Sachs Group, Inc. has a 52 week low of $156.18 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 earnings per share (EPS) for the quarter, topping the 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 net margin of 26.44% and a return on equity of 11.25%. 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 earnings per share. On average, equities analysts forecast that Goldman Sachs Group, Inc. will post $18.19 earnings per share for the current year.

Goldman Sachs Group, Inc. (The) declared that its board has authorized a stock repurchase plan on Tuesday, April 18th that authorizes the company to buyback 50,000,000 shares. This buyback authorization authorizes the investment management company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

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 dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.29%. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.74%.

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Several analysts have issued reports on GS shares. Royal Bank Of Canada dropped their price target on Goldman Sachs Group, Inc. (The) to $250.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 18th. Rafferty Capital Markets cut Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and decreased their price objective for the company from $288.00 to $221.00 in a report on Tuesday, April 18th. Citigroup Inc. upgraded Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating and set a $225.00 price objective for the company in a report on Wednesday, April 19th. Credit Suisse Group restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 19th. Finally, Bank of America Corporation decreased their price objective on Goldman Sachs Group, Inc. (The) from $275.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $235.25.

In other news, Director David A. Viniar sold 4,590 shares of the business’s 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 $194,743,365.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.57% of the stock is 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.

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

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