California Capital Advisors Inc. raised its holdings in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,127 shares of the investment management company’s stock after acquiring an additional 368 shares during the quarter. Goldman Sachs Group, Inc. (The) comprises approximately 4.7% of California Capital Advisors Inc.’s portfolio, making the stock its 11th biggest holding. California Capital Advisors Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $3,135,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GS. Waldron LP bought a new stake in Goldman Sachs Group, Inc. (The) during the 1st quarter valued at $277,000. Wedge Capital Management L L P NC raised its holdings in Goldman Sachs Group, Inc. (The) by 5.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 133,027 shares of the investment management company’s stock valued at $30,559,000 after acquiring an additional 6,502 shares during the period. ING Groep NV raised its holdings in Goldman Sachs Group, Inc. (The) by 16.3% during the 1st quarter. ING Groep NV now owns 218,460 shares of the investment management company’s stock valued at $50,185,000 after acquiring an additional 30,608 shares during the period. State Treasurer State of Michigan raised its holdings in Goldman Sachs Group, Inc. (The) by 0.6% during the 1st quarter. State Treasurer State of Michigan now owns 121,650 shares of the investment management company’s stock valued at $27,945,000 after acquiring an additional 700 shares during the period. Finally, Tyers Asset Management LLC raised its holdings in Goldman Sachs Group, Inc. (The) by 506.5% during the 1st quarter. Tyers Asset Management LLC now owns 26,152 shares of the investment management company’s stock valued at $6,008,000 after acquiring an additional 21,840 shares during the period. 73.31% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on GS shares. J P Morgan Chase & Co reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, May 29th. Keefe, Bruyette & Woods set a $260.00 target price on shares of Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a report on Thursday, June 8th. Vetr raised shares of Goldman Sachs Group, Inc. (The) from a “strong sell” rating to a “buy” rating and set a $233.49 target price on the stock in a report on Wednesday, June 7th. Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Finally, Capital One Financial Corporation reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) currently has a consensus rating of “Hold” and a consensus target price of $235.44.

In related news, insider David M. Solomon sold 3,260 shares of Goldman Sachs Group, Inc. (The) stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $231.59, for a total transaction of $754,983.40. Following the completion of the transaction, the insider now directly owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John F.W. Rogers sold 17,685 shares of Goldman Sachs Group, Inc. (The) stock in a transaction dated 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 transaction, the executive vice president now directly owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,535 shares of company stock valued at $5,956,868. 2.57% of the stock is owned by corporate insiders.

Shares of Goldman Sachs Group, Inc. (GS) opened at 230.26 on Tuesday. The firm’s 50-day moving average is $224.38 and its 200 day moving average is $225.69. The stock has a market capitalization of $89.39 billion, a price-to-earnings ratio of 12.07 and a beta of 1.42. 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 released its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $7.47 billion. During the same period in the previous year, the company earned $3.72 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts expect that Goldman Sachs Group, Inc. will post $18.18 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be paid 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 1.30%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.74%.

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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.

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

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