Artemis Investment Management LLP decreased its holdings in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 14.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,450 shares of the investment management company’s stock after selling 9,950 shares during the quarter. Artemis Investment Management LLP’s holdings in Goldman Sachs Group, Inc. (The) were worth $13,186,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. YorkBridge Wealth Partners LLC increased its position in Goldman Sachs Group, Inc. (The) by 0.3% during the first quarter. YorkBridge Wealth Partners LLC now owns 640 shares of the investment management company’s stock worth $144,000 after buying an additional 2 shares during the period. Chicago Partners Investment Group LLC increased its position in Goldman Sachs Group, Inc. (The) by 0.3% during the first quarter. Chicago Partners Investment Group LLC now owns 1,052 shares of the investment management company’s stock worth $242,000 after buying an additional 3 shares during the period. MV Capital Management Inc. increased its position in Goldman Sachs Group, Inc. (The) by 0.5% during the second quarter. MV Capital Management Inc. now owns 618 shares of the investment management company’s stock worth $137,000 after buying an additional 3 shares during the period. Hudock Capital Group LLC increased its position in Goldman Sachs Group, Inc. (The) by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock worth $251,000 after buying an additional 4 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. increased its position in Goldman Sachs Group, Inc. (The) by 0.7% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 912 shares of the investment management company’s stock worth $202,000 after buying an additional 6 shares during the period. Hedge funds and other institutional investors own 73.31% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Goldman Sachs Group, Inc. (The) (GS) Position Trimmed by Artemis Investment Management LLP” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.thecerbatgem.com/2017/10/06/goldman-sachs-group-inc-the-gs-position-trimmed-by-artemis-investment-management-llp.html.

In other news, insider David M. Solomon sold 3,260 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $231.59, for a total transaction of $754,983.40. Following the completion of the sale, 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 accessible through this hyperlink. Also, EVP John F.W. Rogers sold 17,685 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.02, for a total value of $4,156,328.70. Following the sale, 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 three months, insiders have sold 25,535 shares of company stock valued at $5,956,868. Corporate insiders own 2.57% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at 246.06 on Friday. The firm’s 50-day moving average price is $227.10 and its 200-day moving average price is $224.91. The stock has a market capitalization of $95.52 billion, a P/E ratio of 12.90 and a beta of 1.41. Goldman Sachs Group, Inc. has a 52-week low of $165.51 and a 52-week 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 for the quarter, topping the consensus estimate of $3.39 by $0.56. The business had revenue of $7.89 billion during the quarter, compared to analyst estimates 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 company’s revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $3.72 EPS. Equities analysts forecast that Goldman Sachs Group, Inc. will post $18.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.74%.

Several research firms have commented on GS. Zacks Investment Research lowered Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. J P Morgan Chase & Co set a $260.00 price target on Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research report on Friday, September 15th. JMP Securities reaffirmed a “market perform” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, September 13th. TheStreet lowered Goldman Sachs Group, Inc. (The) from a “b” rating to a “c+” rating in a research report on Thursday, September 7th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research report on Thursday, August 31st. 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 given a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) has a consensus rating of “Hold” and a consensus price target of $238.87.

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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group, Inc. (The) (NYSE:GS).

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

Receive News & Stock Ratings for Goldman Sachs Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc. (The) and related stocks with our FREE daily email newsletter.