Oppenheimer & Co. Inc. increased its holdings in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 160.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,104 shares of the investment management company’s stock after buying an additional 35,780 shares during the period. Oppenheimer & Co. Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $12,893,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. WealthTrust Arizona LLC increased its position in shares of 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 worth $104,000 after purchasing an additional 231 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Goldman Sachs Group, Inc. (The) during the second quarter worth $111,000. First Personal Financial Services increased its position in shares of Goldman Sachs Group, Inc. (The) by 230.2% during the second quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock worth $116,000 after purchasing an additional 366 shares in the last quarter. Parallel Advisors LLC increased its position in shares of 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 worth $126,000 after purchasing an additional 54 shares in the last quarter. Finally, Security Asset Management acquired a new position in shares of Goldman Sachs Group, Inc. (The) during the second quarter worth $128,000. 73.31% of the stock is owned by institutional investors.

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GS has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, June 12th. 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. TheStreet downgraded Goldman Sachs Group, Inc. (The) from a “b” rating to a “c+” rating in a research report on Thursday, September 7th. Zacks Investment Research downgraded Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. Finally, Capital One Financial Corporation reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, July 11th. Two equities 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. The company presently has an average rating of “Hold” and a consensus target price of $238.87.

Shares of Goldman Sachs Group, Inc. (GS) opened at 246.02 on Friday. The stock has a market capitalization of $95.51 billion, a price-to-earnings ratio of 12.90 and a beta of 1.41. Goldman Sachs Group, Inc. has a 1-year low of $165.51 and a 1-year high of $255.15. The stock’s 50 day moving average is $227.81 and its 200 day moving average is $224.94.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.39 by $0.56. The business had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.47 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.72 earnings per share. On average, equities analysts forecast that Goldman Sachs Group, Inc. will post $18.17 EPS for the current year.

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

In related news, insider David M. Solomon sold 3,260 shares of the business’s 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 sale, the insider now owns 177,594 shares of the company’s stock, valued at $41,128,994.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Viniar sold 4,590 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was 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. In the last ninety days, insiders sold 25,535 shares of company stock worth $5,956,868. Insiders own 2.57% of the company’s stock.

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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