Rehmann Capital Advisory Group reduced its position in shares of Goldman Sachs Group Inc. (NYSE:GS) by 1.5% during the second quarter, Holdings Channel reports. The institutional investor owned 2,763 shares of the investment management company’s stock after selling 43 shares during the period. Rehmann Capital Advisory Group’s holdings in Goldman Sachs Group were worth $411,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in Goldman Sachs Group by 1.5% in the first quarter. Legal & General Group Plc now owns 1,852,638 shares of the investment management company’s stock worth $290,816,000 after buying an additional 27,575 shares during the period. Renaissance Technologies LLC purchased a new position in Goldman Sachs Group during the first quarter worth about $34,473,000. Panagora Asset Management Inc. boosted its position in Goldman Sachs Group by 4.4% in the first quarter. Panagora Asset Management Inc. now owns 342,183 shares of the investment management company’s stock worth $53,716,000 after buying an additional 14,325 shares during the period. First Republic Investment Management Inc. boosted its position in Goldman Sachs Group by 5.5% in the first quarter. First Republic Investment Management Inc. now owns 177,858 shares of the investment management company’s stock worth $27,921,000 after buying an additional 9,211 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its position in Goldman Sachs Group by 17.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 672,700 shares of the investment management company’s stock worth $105,600,000 after buying an additional 100,600 shares during the period. Institutional investors and hedge funds own 70.78% of the company’s stock.

Shares of Goldman Sachs Group Inc. (NYSE:GS) traded up 0.13% on Monday, reaching $166.21. 2,030,742 shares of the company were exchanged. The firm has a 50 day moving average price of $165.54 and a 200-day moving average price of $158.27. The stock has a market capitalization of $70.87 billion, a PE ratio of 15.76 and a beta of 1.68. Goldman Sachs Group Inc. has a 12-month low of $138.20 and a 12-month high of $199.90.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, July 19th. The investment management company reported $3.72 EPS for the quarter, beating the Zacks’ consensus estimate of $3.00 by $0.72. The company had revenue of $7.93 billion for the quarter, compared to analysts’ expectations of $7.58 billion. Goldman Sachs Group had a net margin of 18.12% and a return on equity of 8.83%. During the same period in the prior year, the company posted $1.98 EPS. On average, analysts predict that Goldman Sachs Group Inc. will post $14.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 1st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Tuesday, August 30th. Goldman Sachs Group’s payout ratio is currently 24.60%.

GS has been the subject of a number of research reports. Nomura reiterated a “buy” rating and set a $197.00 target price (up previously from $195.00) on shares of Goldman Sachs Group in a report on Tuesday, July 19th. Berenberg Bank initiated coverage on Goldman Sachs Group in a report on Wednesday, July 13th. They set a “hold” rating and a $140.00 target price for the company. Vetr upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $153.68 target price for the company in a report on Tuesday, July 5th. Credit Suisse Group AG upgraded Goldman Sachs Group to a “buy” rating in a report on Tuesday, July 12th. Finally, Oppenheimer Holdings Inc. set a $222.00 price objective on Goldman Sachs Group and gave the company a “buy” rating in a report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $178.51.

In other news, insider Sarah G. Smith sold 2,664 shares of the stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $170.00, for a total value of $452,880.00. Following the transaction, the insider now owns 13,075 shares of the company’s stock, valued at approximately $2,222,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Edith W. Cooper sold 14,000 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $166.11, for a total transaction of $2,325,540.00. Following the completion of the transaction, the executive vice president now directly owns 33,634 shares in the company, valued at approximately $5,586,943.74. The disclosure for this sale can be found here. Corporate insiders own 2.61% of the company’s stock.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

5 Day Chart for NYSE:GS

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