Arrowstreet Capital Limited Partnership grew its holdings in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 2,627.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,900 shares of the investment management company’s stock after acquiring an additional 241,700 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.06% of Goldman Sachs Group, Inc. (The) worth $55,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Northwest Quadrant Wealth Management LLC acquired a new position in shares of Goldman Sachs Group, Inc. (The) in the second quarter worth $407,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Goldman Sachs Group, Inc. (The) in the second quarter worth $101,000. WealthTrust Arizona LLC grew its stake in shares of Goldman Sachs Group, Inc. (The) by 97.1% in the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock worth $104,000 after acquiring an additional 231 shares in the last quarter. Sterling Investment Advisors Ltd. grew its stake in shares of Goldman Sachs Group, Inc. (The) by 35.7% in the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after acquiring an additional 125 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new position in shares of Goldman Sachs Group, Inc. (The) in the second quarter worth $111,000. Institutional investors and hedge funds own 73.21% of the company’s stock.

In other Goldman Sachs Group, Inc. (The) news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total transaction of $1,187,992.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David M. Solomon sold 3,260 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $231.59, for a total transaction of $754,983.40. Following the transaction, the insider now owns 177,594 shares in the company, valued at $41,128,994.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,289 shares of company stock worth $14,036,920. Company insiders own 2.57% of the company’s stock.

Goldman Sachs Group, Inc. (NYSE GS) opened at $244.40 on Friday. Goldman Sachs Group, Inc. has a one year low of $174.73 and a one year high of $255.15. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.70. The stock has a market cap of $94.55 billion, a PE ratio of 12.86, a PEG ratio of 1.25 and a beta of 1.48.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.32%. The business had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same period in the previous year, the business posted $4.88 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. research analysts predict that Goldman Sachs Group, Inc. will post 19.03 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.23%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.58%.

Several research firms have recently issued reports on GS. BMO Capital Markets reaffirmed a “hold” rating and set a $202.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, October 6th. Credit Suisse Group cut shares of Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $240.00 to $255.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. Citigroup Inc reaffirmed a “neutral” rating and set a $250.00 price objective (up from $225.00) on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, October 9th. Zacks Investment Research cut shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday. Finally, TheStreet raised shares of Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $244.98.

COPYRIGHT VIOLATION NOTICE: This report was published by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://www.watchlistnews.com/arrowstreet-capital-limited-partnership-boosts-holdings-in-goldman-sachs-group-inc-the-gs/1677611.html.

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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group, Inc. (The) (NYSE:GS).

Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

Receive News & Ratings for Goldman Sachs Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc. (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.