Wedge Capital Management L L P NC increased its holdings in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,144 shares of the investment management company’s stock after buying an additional 5,117 shares during the period. Wedge Capital Management L L P NC’s holdings in Goldman Sachs Group, Inc. (The) were worth $30,654,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GS. WealthTrust Arizona LLC raised its position in Goldman Sachs Group, Inc. (The) by 97.1% during the second 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 in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Goldman Sachs Group, Inc. (The) during the second quarter valued at approximately $111,000. Parallel Advisors LLC raised its position in Goldman Sachs Group, Inc. (The) by 10.7% during the first 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 in the last quarter. Security Asset Management acquired a new position in Goldman Sachs Group, Inc. (The) during the second quarter valued at approximately $128,000. Finally, Carroll Financial Associates Inc. raised its position in Goldman Sachs Group, Inc. (The) by 4.1% during the second 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 in the last quarter. Institutional investors own 73.31% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at 225.22 on Monday. The firm’s 50-day moving average is $224.17 and its 200-day moving average is $226.39. The company has a market cap of $87.43 billion, a PE ratio of 11.81 and a beta of 1.42. Goldman Sachs Group, Inc. has a 12 month low of $157.77 and a 12 month high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm 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 company earned $3.72 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts predict that Goldman Sachs Group, Inc. will post $18.18 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.74%.

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In other news, EVP John F.W. Rogers sold 17,685 shares of Goldman Sachs Group, Inc. (The) stock in a transaction dated 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 owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Viniar sold 4,590 shares of Goldman Sachs Group, Inc. (The) stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the sale, 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. Insiders have sold a total of 25,535 shares of company stock worth $5,956,868 in the last ninety days. Insiders own 2.57% of the company’s stock.

Several brokerages have commented on GS. Wells Fargo & Company began coverage on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price objective for the company. Deutsche Bank AG restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 3rd. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, July 4th. J P Morgan Chase & Co set a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research report on Friday. Finally, Vetr downgraded shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and set a $233.49 price objective for the company. in a research report on Wednesday, June 14th. One investment 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 has a consensus rating of “Hold” and a consensus price target of $235.44.

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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