Valinor Management L.P. reduced its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 22.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 310,072 shares of the investment management company’s stock after selling 90,728 shares during the period. Goldman Sachs Group, Inc. (The) accounts for approximately 2.1% of Valinor Management L.P.’s holdings, making the stock its 24th largest position. Valinor Management L.P. owned about 0.08% of Goldman Sachs Group, Inc. (The) worth $71,229,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in GS. YorkBridge Wealth Partners LLC raised its position in shares of 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 valued at $144,000 after buying an additional 2 shares during the last quarter. Hudock Capital Group LLC raised its position in shares of Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Hudock Capital Group LLC now owns 1,130 shares of the investment management company’s stock valued at $259,000 after buying an additional 3 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,052 shares of the investment management company’s stock valued at $242,000 after buying an additional 3 shares during the last quarter. Balasa Dinverno & Foltz LLC raised its position in shares of Goldman Sachs Group, Inc. (The) by 0.8% in the first quarter. Balasa Dinverno & Foltz LLC now owns 924 shares of the investment management company’s stock valued at $212,000 after buying an additional 7 shares during the last quarter. Finally, Guardian Life Insurance Co. of America raised its position in shares of Goldman Sachs Group, Inc. (The) by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,426 shares of the investment management company’s stock valued at $328,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Goldman Sachs Group, Inc. (GS) traded down 0.011% during midday trading on Friday, hitting $222.965. 1,004,667 shares of the stock were exchanged. The company’s 50 day moving average is $225.23 and its 200 day moving average is $229.02. Goldman Sachs Group, Inc. has a 1-year low of $157.77 and a 1-year high of $255.15. The company has a market capitalization of $86.56 billion, a P/E ratio of 11.690 and a beta of 1.42.

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 Thomson Reuters’ consensus estimate of $3.39 by $0.56. The firm had revenue of $7.89 billion for 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 company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.72 EPS. Analysts predict that Goldman Sachs Group, Inc. will post $18.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.

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Several equities analysts have recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 price objective on the stock. Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 3rd. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, July 4th. Vetr lowered shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and set a $233.49 price objective on the stock. in a research report on Wednesday, June 14th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $268.00 price objective (up from $262.00) on shares of Goldman Sachs Group, Inc. (The) in a research report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $235.44.

In other news, EVP John F.W. Rogers sold 17,685 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David M. Solomon sold 3,260 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $231.59, for a total value of $754,983.40. Following the transaction, the insider now directly owns 177,594 shares in the company, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,535 shares of company stock worth $5,956,868. Corporate insiders own 2.57% of the company’s stock.

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.

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

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