Blue Edge Capital LLC lifted its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,107 shares of the investment management company’s stock after buying an additional 20 shares during the quarter. Blue Edge Capital LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $689,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the second quarter worth about $101,000. WealthTrust Arizona LLC grew its holdings in shares of Goldman Sachs Group, Inc. (The) by 97.1% during the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock worth $104,000 after buying an additional 231 shares in the last quarter. Sterling Investment Advisors Ltd. grew its holdings in 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 valued at $105,000 after purchasing an additional 125 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in Goldman Sachs Group, Inc. (The) in the second quarter valued at approximately $111,000. Finally, First Personal Financial Services grew its holdings in Goldman Sachs Group, Inc. (The) by 230.2% in the second quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock valued at $116,000 after purchasing an additional 366 shares during the period. Institutional investors and hedge funds own 73.21% of the company’s stock.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.85. The business had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $7.59 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.32%. Goldman Sachs Group, Inc. (The)’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $4.88 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.22%. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.63%.

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In other news, insider David M. Solomon sold 3,260 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $231.59, for a total value of $754,983.40. Following the sale, the insider now owns 177,594 shares in the company, valued at $41,128,994.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David A. Viniar sold 7,393 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.18, for a total transaction of $1,812,615.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,289 shares of company stock worth $14,036,920. 2.57% of the stock is currently owned by corporate insiders.

A number of research firms recently issued reports on GS. Zacks Investment Research upgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $271.00 target price for the company in a report on Friday, October 20th. BidaskClub downgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Buckingham Research restated a “neutral” rating and issued a $243.00 target price (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 10th. Wells Fargo & Company began coverage on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 target price for the company. Finally, Berenberg Bank restated a “sell” rating and issued a $190.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $244.98.

Goldman Sachs Group, Inc. (The) Company Profile

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.

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

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