Strs Ohio decreased its position in Goldman Sachs Group Inc. (NYSE:GS) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 470,577 shares of the investment management company’s stock after selling 19,086 shares during the period. Strs Ohio’s holdings in Goldman Sachs Group were worth $69,918,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GS. CKW Financial Group raised its position in shares of Goldman Sachs Group by 33.3% in the second quarter. CKW Financial Group now owns 800 shares of the investment management company’s stock valued at $119,000 after buying an additional 200 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Goldman Sachs Group by 15.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,552 shares of the investment management company’s stock valued at $231,000 after buying an additional 209 shares in the last quarter. Dubuque Bank & Trust Co. raised its position in shares of Goldman Sachs Group by 3.5% in the first quarter. Dubuque Bank & Trust Co. now owns 1,535 shares of the investment management company’s stock valued at $241,000 after buying an additional 52 shares in the last quarter. Telemus Capital LLC bought a new position in shares of Goldman Sachs Group during the first quarter valued at approximately $270,000. Finally, Atria Investments LLC bought a new position in shares of Goldman Sachs Group during the second quarter valued at approximately $288,000. Institutional investors own 70.78% of the company’s stock.

Shares of Goldman Sachs Group Inc. (NYSE:GS) traded up 0.16% during mid-day trading on Tuesday, reaching $166.47. The company’s stock had a trading volume of 1,533,159 shares. The company has a market capitalization of $70.98 billion, a PE ratio of 15.78 and a beta of 1.68. Goldman Sachs Group Inc. has a 52-week low of $138.20 and a 52-week high of $199.90. The firm’s 50 day moving average is $165.78 and its 200-day moving average is $158.34.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, July 19th. The investment management company reported $3.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.00 by $0.72. Goldman Sachs Group had a return on equity of 8.83% and a net margin of 18.12%. The company earned $7.93 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same quarter in the previous year, the firm posted $1.98 EPS. Analysts forecast that Goldman Sachs Group Inc. will post $14.24 EPS for the current year.

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

Several equities analysts have commented on GS shares. Deutsche Bank AG reiterated a “hold” rating on shares of Goldman Sachs Group in a research note on Saturday, June 4th. Vetr lowered shares of Goldman Sachs Group from a “strong-buy” rating to a “hold” rating and set a $158.55 price target on the stock. in a research note on Thursday, June 9th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $159.00 price target on the stock in a research note on Monday, June 27th. JPMorgan Chase & Co. set a $163.00 price objective on Goldman Sachs Group and gave the company a “buy” rating in a report on Monday, June 27th. Finally, Royal Bank Of Canada set a $145.00 price objective on Goldman Sachs Group and gave the company a “neutral” rating in a report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $179.79.

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