Alpha Cubed Investments LLC raised its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 699.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,961 shares of the investment management company’s stock after buying an additional 10,465 shares during the period. Alpha Cubed Investments LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $2,654,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Goldman Sachs Group, Inc. (The) by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after buying an additional 23,847,154 shares during the last quarter. New England Asset Management Inc. increased its stake in shares of Goldman Sachs Group, Inc. (The) by 440.8% in the first quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock worth $535,492,000 after buying an additional 1,900,000 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Goldman Sachs Group, Inc. (The) by 84.4% in the first quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company’s stock worth $739,978,000 after buying an additional 1,474,433 shares during the last quarter. Harbour Capital Advisors LLC increased its stake in shares of Goldman Sachs Group, Inc. (The) by 22,290.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock worth $5,016,000 after buying an additional 1,108,079 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Goldman Sachs Group, Inc. (The) by 10.9% in the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock worth $2,525,869,000 after buying an additional 1,084,624 shares during the last quarter. 73.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Goldman Sachs Group, Inc. (GS) opened at 222.47 on Monday. The company has a 50-day moving average of $225.12 and a 200-day moving average of $228.90. The stock has a market capitalization of $86.37 billion, a price-to-earnings ratio of 11.66 and a beta of 1.42. Goldman Sachs Group, Inc. has a 52-week low of $157.77 and a 52-week 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 (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.47 billion. During the same period last year, the company earned $3.72 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that Goldman Sachs Group, Inc. will post $18.23 EPS for the current year.

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

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GS has been the subject of several recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Citigroup Inc. reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, June 28th. BidaskClub downgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Capital One Financial Corporation reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods downgraded shares of Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $260.00 to $240.00 in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) presently has a consensus rating of “Hold” and an average target price of $235.44.

In related news, Director David A. Viniar sold 4,590 shares of the firm’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 value of $1,045,556.10. Following the sale, 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 is available through this hyperlink. Also, EVP John F.W. Rogers sold 17,685 shares of the firm’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 completion of the sale, the executive vice president now directly owns 80,109 shares in the company, valued at $18,827,217.18. The disclosure for this sale can be found here. Insiders sold 25,535 shares of company stock worth $5,956,868 over the last three months. Corporate 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.

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

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