Argent Trust Co reduced its holdings in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 14.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,433 shares of the investment management company’s stock after selling 242 shares during the quarter. Argent Trust Co’s holdings in Goldman Sachs Group, Inc. (The) were worth $318,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of GS. Waldron LP bought a new position in shares of Goldman Sachs Group, Inc. (The) in the 1st quarter worth about $277,000. LS Investment Advisors LLC lifted its position in shares of Goldman Sachs Group, Inc. (The) by 10.2% in the 1st quarter. LS Investment Advisors LLC now owns 13,681 shares of the investment management company’s stock worth $3,143,000 after buying an additional 1,261 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Goldman Sachs Group, Inc. (The) by 19.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,161 shares of the investment management company’s stock worth $31,279,000 after buying an additional 21,699 shares during the last quarter. Carnick & Kubik Group LLC lifted its position in shares of Goldman Sachs Group, Inc. (The) by 2.0% in the 1st quarter. Carnick & Kubik Group LLC now owns 1,428 shares of the investment management company’s stock worth $328,000 after buying an additional 28 shares during the last quarter. Finally, Icon Advisers Inc. Co. bought a new position in shares of Goldman Sachs Group, Inc. (The) in the 1st quarter worth about $850,000. Institutional investors own 73.31% of the company’s stock.

Goldman Sachs Group, Inc. (GS) opened at 242.60 on Wednesday. The firm has a market cap of $94.18 billion, a PE ratio of 12.72 and a beta of 1.41. The stock has a 50 day moving average of $229.02 and a 200 day moving average of $225.02. 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 announced its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.56. The company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. Goldman Sachs Group, Inc. (The)’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $3.72 EPS. Analysts anticipate that Goldman Sachs Group, Inc. will post $18.17 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st were paid a $0.75 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.24%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods downgraded shares of Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $260.00 to $240.00 in a research report on Wednesday, July 19th. Oppenheimer Holdings, Inc. raised their price target on shares of Goldman Sachs Group, Inc. (The) from $251.00 to $256.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 19th. Berenberg Bank restated a “sell” rating and issued a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, July 21st. Royal Bank Of Canada restated a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, June 23rd. Finally, BidaskClub downgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $240.09.

In related news, Director David A. Viniar sold 4,590 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John F.W. Rogers sold 17,685 shares of the stock in a transaction that occurred 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 ninety days, insiders sold 25,535 shares of company stock valued at $5,956,868. 2.57% of the stock is currently owned by company insiders.

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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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