Telemus Capital LLC grew its holdings in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,477 shares of the investment management company’s stock after purchasing an additional 99 shares during the period. Telemus Capital LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GS. WealthTrust Arizona LLC increased its stake in shares of Goldman Sachs Group, Inc. (The) by 97.1% in the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 231 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Goldman Sachs Group, Inc. (The) by 10.7% in the 1st quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock valued at $126,000 after purchasing an additional 54 shares during the last quarter. Security Asset Management bought a new position in shares of Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at $128,000. Carroll Financial Associates Inc. increased its stake in shares of Goldman Sachs Group, Inc. (The) by 4.1% in the 2nd quarter. Carroll Financial Associates Inc. now owns 586 shares of the investment management company’s stock valued at $130,000 after purchasing an additional 23 shares during the last quarter. Finally, Kistler Tiffany Companies LLC increased its stake in shares of Goldman Sachs Group, Inc. (The) by 61.0% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 623 shares of the investment management company’s stock valued at $138,000 after purchasing an additional 236 shares during the last quarter. Institutional investors own 73.38% of the company’s stock.

In related news, Director David A. Viniar sold 4,590 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John F.W. Rogers sold 17,685 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was 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 $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. 2.57% of the stock is owned by insiders.

COPYRIGHT VIOLATION WARNING: This report was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/09/11/goldman-sachs-group-inc-the-gs-stake-boosted-by-telemus-capital-llc.html.

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

Goldman Sachs Group, Inc. (NYSE GS) opened at 217.21 on Monday. The firm has a market capitalization of $84.32 billion, a P/E ratio of 11.39 and a beta of 1.42. The stock has a 50 day moving average price of $223.54 and a 200-day moving average price of $227.28. 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 posted 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. The company had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. Goldman Sachs Group, Inc. (The)’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $3.72 earnings per share. Analysts anticipate that Goldman Sachs Group, Inc. will post $18.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors 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 annualized dividend and a dividend yield of 1.38%. Goldman Sachs Group, Inc. (The)’s payout ratio is presently 15.74%.

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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group, Inc. (The) (NYSE:GS).

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

Receive News & Stock Ratings for Goldman Sachs Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc. (The) and related stocks with our FREE daily email newsletter.