Sigma Investment Counselors Inc. increased its holdings in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 1.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,096 shares of the investment management company’s stock after purchasing an additional 256 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $3,128,000 as of its most recent filing with the SEC.

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

A number of analysts recently issued reports on the company. BidaskClub cut Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Buckingham Research reissued a “neutral” rating and set a $243.00 target price (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 10th. 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 price target for the company. Berenberg Bank reaffirmed a “sell” rating and set a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. Finally, Credit Suisse Group raised 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 research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $235.44.

In other news, insider David M. Solomon sold 3,260 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $231.59, for a total transaction of $754,983.40. Following the transaction, the insider now owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Viniar sold 4,590 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 854,925 shares in the company, valued at approximately $194,743,365.75. The disclosure for this sale can be found here. In the last three months, insiders sold 25,535 shares of company stock worth $5,956,868. Insiders own 2.57% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at 225.22 on Friday. The firm has a market cap of $87.43 billion, a P/E ratio of 11.81 and a beta of 1.42. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15. The firm’s 50-day moving average price is $224.17 and its 200 day moving average price is $226.39.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The business had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.47 billion. During the same quarter in the previous year, the firm earned $3.72 earnings per share. The business’s revenue was down .6% on a year-over-year basis. Analysts predict that Goldman Sachs Group, Inc. will post $18.18 EPS for the current year.

The firm also recently disclosed 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 is Tuesday, August 29th. This represents a $3.00 annualized dividend and a yield of 1.33%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.

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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.

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

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