Pekin Singer Strauss Asset Management IL lifted its holdings in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 3.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,023 shares of the investment management company’s stock after acquiring an additional 33 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in Goldman Sachs Group, Inc. (The) were worth $227,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First Mercantile Trust Co. lifted its holdings in shares of Goldman Sachs Group, Inc. (The) by 400.0% during the second quarter. First Mercantile Trust Co. now owns 1,625 shares of the investment management company’s stock worth $361,000 after purchasing an additional 1,300 shares during the period. Wedge Capital Management L L P NC lifted its holdings in Goldman Sachs Group, Inc. (The) by 3.8% in the second quarter. Wedge Capital Management L L P NC now owns 138,144 shares of the investment management company’s stock valued at $30,654,000 after acquiring an additional 5,117 shares during the period. First Trust Advisors LP lifted its holdings in Goldman Sachs Group, Inc. (The) by 75.9% in the second quarter. First Trust Advisors LP now owns 97,985 shares of the investment management company’s stock valued at $21,743,000 after acquiring an additional 42,295 shares during the period. Foundry Partners LLC lifted its holdings in Goldman Sachs Group, Inc. (The) by 3.4% in the second quarter. Foundry Partners LLC now owns 93,355 shares of the investment management company’s stock valued at $20,715,000 after acquiring an additional 3,070 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Goldman Sachs Group, Inc. (The) by 85.7% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 133,340 shares of the investment management company’s stock valued at $29,588,000 after acquiring an additional 61,538 shares during the period. Institutional investors and hedge funds own 73.31% of the company’s stock.

Goldman Sachs Group, Inc. (NYSE:GS) opened at 227.53 on Tuesday. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15. The firm has a market capitalization of $88.33 billion, a PE ratio of 11.93 and a beta of 1.42. The company’s 50-day moving average price is $224.28 and its 200 day moving average price is $225.87.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, topping analysts’ consensus estimates of $3.39 by $0.56. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.72 earnings per share. On average, analysts forecast that Goldman Sachs Group, Inc. will post $18.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.32%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.

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A number of research analysts have issued reports on the company. BidaskClub downgraded Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Buckingham Research reaffirmed 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 assumed coverage on 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. Berenberg Bank reaffirmed a “sell” rating and set a $190.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. Finally, Credit Suisse Group upped their target price on 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 assigned 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 a consensus price target of $235.44.

In other news, EVP John F.W. Rogers sold 17,685 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now owns 80,109 shares in the company, valued at approximately $18,827,217.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David M. Solomon sold 3,260 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $231.59, for a total value of $754,983.40. Following the sale, the insider now owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. Insiders have sold a total of 25,535 shares of company stock valued at $5,956,868 in the last quarter. Insiders own 2.57% of the company’s stock.

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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