First Mercantile Trust Co. increased its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 400.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,625 shares of the investment management company’s stock after acquiring an additional 1,300 shares during the quarter. First Mercantile Trust Co.’s holdings in Goldman Sachs Group, Inc. (The) were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in GS. WealthTrust Arizona LLC lifted its position in 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 last quarter. Shine Investment Advisory Services Inc. acquired a new position in Goldman Sachs Group, Inc. (The) in the second quarter valued at about $111,000. Parallel Advisors LLC lifted its position in 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 last quarter. Security Asset Management acquired a new position in Goldman Sachs Group, Inc. (The) in the second quarter valued at about $128,000. Finally, Carroll Financial Associates Inc. lifted its position in 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 last quarter. 73.31% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on the stock. J P Morgan Chase & Co set a $260.00 target price on shares of Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research report on Friday. JMP Securities reaffirmed a “market perform” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, September 13th. TheStreet cut shares of Goldman Sachs Group, Inc. (The) from a “b” rating to a “c+” rating in a research report on Thursday, September 7th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $240.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Thursday, August 31st. Finally, Zacks Investment Research raised shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. One investment 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’s stock. The company has a consensus rating of “Hold” and an average price target of $235.44.

In other news, Director David A. Viniar sold 4,590 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 854,925 shares in the company, valued at approximately $194,743,365.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 17,685 shares of the business’s 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 owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The disclosure for this sale can be found here. Insiders have sold a total of 25,535 shares of company stock worth $5,956,868 over the last 90 days. 2.57% of the stock is owned by company insiders.

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Goldman Sachs Group, Inc. (NYSE GS) opened at 225.22 on Monday. The stock has a market capitalization of $87.43 billion, a price-to-earnings ratio of 11.81 and a beta of 1.42. The firm has a 50-day moving average of $224.17 and a 200 day moving average of $226.39. 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 quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.47 billion. During the same period in the previous year, the business earned $3.72 EPS. Goldman Sachs Group, Inc. (The)’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts anticipate 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 issued a dividend of $0.75 per share. The ex-dividend date of this dividend 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 presently 15.74%.

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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