Axa boosted its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,740 shares of the investment management company’s stock after buying an additional 399 shares during the period. Axa’s holdings in Goldman Sachs Group, Inc. (The) were worth $20,357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. YorkBridge Wealth Partners LLC increased its stake 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 purchasing an additional 2 shares during the period. Chicago Partners Investment Group LLC increased its stake 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 purchasing an additional 3 shares during the period. MV Capital Management Inc. increased its stake 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 purchasing an additional 3 shares during the period. Hudock Capital Group LLC increased its stake 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 purchasing an additional 4 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. increased its stake 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 purchasing an additional 6 shares during the period. Hedge funds and other institutional investors own 73.31% of the company’s stock.

A number of analysts have issued reports on the stock. BidaskClub lowered shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Buckingham Research reiterated a “neutral” rating and set a $243.00 price target (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 10th. Wells Fargo & Company assumed coverage on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price target on the stock. Berenberg Bank reiterated a “sell” rating and set a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. Finally, Credit Suisse Group boosted their price target on shares of Goldman Sachs Group, Inc. (The) from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $240.09.

In other news, Director David A. Viniar sold 4,590 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total value of $1,045,556.10. Following the completion of the sale, the director now directly owns 854,925 shares in the company, valued at approximately $194,743,365.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 17,685 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total value of $4,156,328.70. Following the completion of the sale, the executive vice president now owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The disclosure for this sale can be found here. Insiders sold a total of 25,535 shares of company stock valued at $5,956,868 over the last quarter. Company insiders own 2.57% of the company’s stock.

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Goldman Sachs Group, Inc. (NYSE:GS) opened at 239.80 on Friday. The firm has a market capitalization of $93.09 billion, a P/E ratio of 12.57 and a beta of 1.41. Goldman Sachs Group, Inc. has a one year low of $168.45 and a one year high of $255.15. The company has a 50-day moving average price of $230.04 and a 200-day moving average price of $225.25.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. During the same period in the previous year, the business earned $3.72 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. On average, equities research analysts anticipate that Goldman Sachs Group, Inc. will post $18.19 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st were issued 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 1.25%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.74%.

About Goldman Sachs Group, Inc. (The)

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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