Palisade Capital Management LLC NJ lifted its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 10.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,141 shares of the investment management company’s stock after purchasing an additional 291 shares during the period. Palisade Capital Management LLC NJ’s holdings in Goldman Sachs Group, Inc. (The) were worth $697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in GS. Waldron LP purchased a new position in Goldman Sachs Group, Inc. (The) during the first quarter valued at $277,000. Dowling & Yahnke LLC grew its stake in Goldman Sachs Group, Inc. (The) by 1.0% during the first quarter. Dowling & Yahnke LLC now owns 25,102 shares of the investment management company’s stock valued at $5,766,000 after acquiring an additional 258 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp grew its stake in Goldman Sachs Group, Inc. (The) by 15.1% during the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 57,162 shares of the investment management company’s stock valued at $13,131,000 after acquiring an additional 7,491 shares in the last quarter. Agran Libbie grew its stake in Goldman Sachs Group, Inc. (The) by 1.0% during the first quarter. Agran Libbie now owns 28,252 shares of the investment management company’s stock valued at $6,490,000 after acquiring an additional 270 shares in the last quarter. Finally, Essex Investment Management Co. LLC grew its stake in Goldman Sachs Group, Inc. (The) by 23.9% during the first quarter. Essex Investment Management Co. LLC now owns 43,633 shares of the investment management company’s stock valued at $10,023,000 after acquiring an additional 8,422 shares in the last quarter. 73.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at 226.56 on Thursday. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15. The company’s 50-day moving average is $223.79 and its 200-day moving average is $226.56. The company has a market cap of $87.95 billion, a price-to-earnings ratio of 11.88 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, beating the Zacks’ 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 company had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.47 billion. During the same quarter in the prior year, the company posted $3.72 earnings per share. Goldman Sachs Group, Inc. (The)’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts predict 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. Shareholders 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 dividend on an annualized basis and a yield of 1.32%. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.74%.

In other news, insider David M. Solomon sold 3,260 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $231.59, for a total transaction of $754,983.40. Following the sale, the insider now owns 177,594 shares of the company’s stock, valued at $41,128,994.46. The sale was disclosed in a 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 stock in a transaction dated 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 sale, the executive vice president now directly owns 80,109 shares in the company, valued at approximately $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 in the last ninety days. 2.57% of the stock is currently owned by corporate insiders.

Several research firms recently weighed in on GS. TheStreet cut shares of Goldman Sachs Group, Inc. (The) from a “b” rating to a “c+” rating in a research note on Thursday, September 7th. HSBC Holdings plc cut shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and raised their target price for the company from $223.80 to $250.00 in a research note on Friday, August 11th. Wells Fargo & Company began coverage on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, August 9th. They set an “outperform” rating and a $265.00 target price for the company. Keefe, Bruyette & Woods set a $260.00 target price on shares of Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research note on Thursday, June 8th. Finally, Vetr raised shares of Goldman Sachs Group, Inc. (The) from a “strong sell” rating to a “buy” rating and set a $233.49 target price for the company in a research note on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $235.44.

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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.

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

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