Risk Paradigm Group LLC trimmed its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 71.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 500 shares of the investment management company’s stock after selling 1,260 shares during the period. Risk Paradigm Group LLC’s holdings in Goldman Sachs Group were worth $110,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI lifted its holdings in Goldman Sachs Group by 6.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 110,521 shares of the investment management company’s stock valued at $24,378,000 after buying an additional 6,535 shares during the period. Ingalls & Snyder LLC lifted its holdings in Goldman Sachs Group by 0.4% in the second quarter. Ingalls & Snyder LLC now owns 103,680 shares of the investment management company’s stock valued at $22,869,000 after buying an additional 366 shares during the period. Investec Asset Management North America Inc. lifted its holdings in Goldman Sachs Group by 192.7% in the second quarter. Investec Asset Management North America Inc. now owns 13,443 shares of the investment management company’s stock valued at $2,965,000 after buying an additional 8,851 shares during the period. Investec Asset Management LTD lifted its holdings in Goldman Sachs Group by 360.3% in the second quarter. Investec Asset Management LTD now owns 704,170 shares of the investment management company’s stock valued at $155,319,000 after buying an additional 551,181 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Goldman Sachs Group by 18.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 17,111 shares of the investment management company’s stock valued at $3,774,000 after buying an additional 2,607 shares during the period. Institutional investors own 71.04% of the company’s stock.

Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $259.00 price objective on the stock in a report on Friday, July 20th. Societe Generale upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Oppenheimer upped their target price on shares of Goldman Sachs Group from $304.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, July 18th. Keefe, Bruyette & Woods lowered their target price on shares of Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating for the company in a research note on Wednesday, July 18th. Finally, Credit Suisse Group raised shares of Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $273.41.

In other news, insider David M. Solomon sold 8,382 shares of the stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of $232.08, for a total transaction of $1,945,294.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David M. Solomon sold 8,488 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $237.92, for a total transaction of $2,019,464.96. The disclosure for this sale can be found here. 2.57% of the stock is owned by corporate insiders.

Shares of NYSE:GS opened at $237.65 on Friday. Goldman Sachs Group Inc has a 52 week low of $214.64 and a 52 week high of $275.31. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.02. The company has a market capitalization of $91.51 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 0.76 and a beta of 1.31.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 17th. The investment management company reported $5.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.66 by $1.32. Goldman Sachs Group had a net margin of 15.72% and a return on equity of 13.58%. The company had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $8.74 billion. During the same quarter in the prior year, the firm earned $3.95 earnings per share. The firm’s revenue was up 19.2% compared to the same quarter last year. research analysts anticipate that Goldman Sachs Group Inc will post 24.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, August 30th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Wednesday, August 29th. Goldman Sachs Group’s dividend payout ratio is 16.19%.

About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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