Channing Capital Management LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 65.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,563 shares of the investment management company’s stock after buying an additional 13,628 shares during the period. Channing Capital Management LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $7,670,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WealthTrust Arizona LLC increased its position in shares of Goldman Sachs Group, Inc. (The) by 97.1% in the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after buying an additional 231 shares during the period. Parallel Advisors LLC increased its position in shares of Goldman Sachs Group, Inc. (The) by 10.7% in the first quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock valued at $126,000 after buying an additional 54 shares during the period. Carroll Financial Associates Inc. increased its position in shares of Goldman Sachs Group, Inc. (The) by 4.1% in the second quarter. Carroll Financial Associates Inc. now owns 586 shares of the investment management company’s stock valued at $130,000 after buying an additional 23 shares during the period. YorkBridge Wealth Partners LLC increased 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 period. Finally, Franklin Parlapiano Turner & Welch LLC bought a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at about $161,000. Institutional investors and hedge funds own 73.38% of the company’s stock.

Goldman Sachs Group, Inc. (GS) opened at 220.35 on Tuesday. The stock’s 50 day moving average is $225.12 and its 200-day moving average is $228.90. The company has a market cap of $85.54 billion, a PE ratio of 11.55 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 quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, beating analysts’ consensus estimates 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 business earned $3.72 EPS. The company’s revenue was down .6% compared to the same quarter last year. Equities research analysts predict that Goldman Sachs Group, Inc. will post $18.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.

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Several brokerages have recently issued reports on GS. BidaskClub downgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Buckingham Research reiterated a “neutral” rating and set a $243.00 price target (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 10th. Wells Fargo & Company began coverage on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price target for the company. Berenberg Bank reiterated a “sell” rating and set a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Friday, July 21st. Finally, Credit Suisse Group upped their price target on shares of Goldman Sachs Group, Inc. (The) from $230.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $235.44.

In related news, EVP John F.W. Rogers sold 17,685 shares of Goldman Sachs Group, Inc. (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 value 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 approximately $18,827,217.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Viniar sold 4,590 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred 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 sale, the director now owns 854,925 shares of the company’s stock, valued at $194,743,365.75. The disclosure for this sale can be found here. Insiders sold a total of 25,535 shares of company stock worth $5,956,868 over the last 90 days. Company 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.

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

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