Conservest Capital Advisors Inc. continued to hold its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,530 shares of the investment management company’s stock at the end of the second quarter. Conservest Capital Advisors Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $339,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GS. Parallel Advisors LLC raised its stake 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 worth $126,000 after buying an additional 54 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake 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. Franklin Parlapiano Turner & Welch LLC purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at approximately $161,000. Cheviot Value Management LLC purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at approximately $203,000. Finally, Wealthsource Partners LLC purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at approximately $207,000. Hedge funds and other institutional investors own 73.38% of the company’s stock.

Goldman Sachs Group, Inc. (GS) traded up 1.29% during midday trading on Wednesday, reaching $222.79. 1,118,469 shares of the company traded hands. Goldman Sachs Group, Inc. has a 12 month low of $157.77 and a 12 month high of $255.15. The firm has a market capitalization of $86.49 billion, a price-to-earnings ratio of 11.68 and a beta of 1.42. The firm’s 50 day moving average price is $225.12 and its 200 day moving average price is $228.90.

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, topping analysts’ consensus estimates 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 net margin of 26.44% and a return on equity of 11.27%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $3.72 earnings per share. On average, analysts expect that Goldman Sachs Group, Inc. will post $18.23 earnings per share for the current year.

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

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Several equities research analysts have recently commented on GS shares. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $268.00 price target (up previously from $262.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Thursday, May 4th. Keefe, Bruyette & Woods set a $260.00 price target on Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research note on Saturday, May 6th. J P Morgan Chase & Co reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, May 23rd. Vetr raised Goldman Sachs Group, Inc. (The) from a “strong sell” rating to a “sell” rating and set a $189.07 price target on the stock in a research note on Wednesday, May 31st. Finally, Zacks Investment Research lowered Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Goldman Sachs Group, Inc. (The) currently has a consensus rating of “Hold” and an average price target 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 transaction of $4,156,328.70. Following 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 filing with the SEC, which can be accessed through this link. 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 sale, the director now owns 854,925 shares in the company, valued at $194,743,365.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,535 shares of company stock worth $5,956,868. 2.57% of the stock is currently owned by corporate insiders.

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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