Macguire Cheswick & Tuttle Investment Counsel LLC continued to hold its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,500 shares of the investment management company’s stock at the close of the 2nd quarter. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $333,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. WealthTrust Arizona LLC grew 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 acquiring an additional 231 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in shares of Goldman Sachs Group, Inc. (The) in the second quarter worth about $111,000. Parallel Advisors LLC boosted its position in shares of 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 worth $126,000 after buying an additional 54 shares during the period. Security Asset Management purchased a new stake in shares of Goldman Sachs Group, Inc. (The) in the second quarter worth about $128,000. Finally, Carroll Financial Associates Inc. boosted its position in shares of 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 worth $130,000 after buying an additional 23 shares during the period. 73.31% of the stock is owned by hedge funds and other institutional investors.

In other news, insider David M. Solomon sold 3,260 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred 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 completion of the transaction, the insider now owns 177,594 shares in the company, valued at $41,128,994.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John F.W. Rogers sold 17,685 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The disclosure for this sale can be found here. Insiders sold 25,535 shares of company stock valued at $5,956,868 in the last quarter. 2.57% of the stock is currently owned by corporate insiders.

Goldman Sachs Group, Inc. (NYSE:GS) opened at 227.53 on Tuesday. The company has a 50-day moving average price of $224.28 and a 200-day moving average price of $225.87. The company has a market capitalization of $88.33 billion, a price-to-earnings ratio of 11.93 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.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results 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 company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. During the same quarter in the previous year, the company posted $3.72 earnings per share. Goldman Sachs Group, Inc. (The)’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts anticipate that Goldman Sachs Group, Inc. will post $18.18 EPS for the current year.

The company 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 $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is currently 15.74%.

Several brokerages have recently weighed in on GS. Wells Fargo & Company began coverage on Goldman Sachs Group, Inc. (The) in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 target price for the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 3rd. Keefe, Bruyette & Woods reaffirmed 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 target price on Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research report on Friday. Finally, Vetr downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and set a $233.49 target price for the company. in a research report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $235.44.

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Goldman Sachs Group, Inc. (The) 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.

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

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