Cypress Asset Management Inc. TX boosted its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 20.2% during the second quarter, Holdings Channel reports. The fund owned 24,752 shares of the investment management company’s stock after buying an additional 4,153 shares during the period. Cypress Asset Management Inc. TX’s holdings in Goldman Sachs Group, Inc. (The) were worth $5,492,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Carret Asset Management LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 0.6% in the first quarter. Carret Asset Management LLC now owns 20,451 shares of the investment management company’s stock valued at $4,698,000 after buying an additional 113 shares during the last quarter. Bridgewater Associates LP purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at about $2,187,000. Amarillo National Bank bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth $238,000. Wells Fargo & Company MN boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 6.4% in the first quarter. Wells Fargo & Company MN now owns 2,177,944 shares of the investment management company’s stock worth $500,319,000 after buying an additional 130,825 shares during the last quarter. Finally, Delta Lloyd NV bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth $9,345,000. Hedge funds and other institutional investors own 73.72% of the company’s stock.

Goldman Sachs Group, Inc. (NYSE GS) traded down 1.73% during midday trading on Thursday, hitting $227.02. The stock had a trading volume of 1,732,168 shares. The stock’s 50-day moving average is $224.84 and its 200-day moving average is $229.82. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15. The company has a market cap of $88.13 billion, a P/E ratio of 11.90 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. During the same quarter in the previous year, the company posted $3.72 EPS. Goldman Sachs Group, Inc. (The)’s revenue was down .6% on a year-over-year basis. Equities analysts predict that Goldman Sachs Group, Inc. will post $18.19 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.30%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.

Goldman Sachs Group, Inc. (The) announced that its Board of Directors has approved a stock repurchase plan on Tuesday, April 18th that allows the company to buyback 50,000,000 shares. This buyback authorization allows the investment management company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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A number of analysts have recently weighed in on GS shares. Vetr cut Goldman Sachs Group, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $191.87 price target on the stock. in a research report on Monday, April 24th. Citigroup Inc. upgraded Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating and set a $225.00 price target on the stock in a research report on Wednesday, April 19th. Deutsche Bank AG reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 3rd. Atlantic Securities upgraded Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $214.00 to $254.00 in a research report on Thursday, April 20th. Finally, HSBC Holdings plc reiterated a “buy” rating and set a $275.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, April 25th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) currently has a consensus rating of “Hold” and a consensus price target of $236.44.

In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 4,590 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the sale, the director now owns 854,925 shares in the company, valued at approximately $194,743,365.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David M. Solomon sold 3,260 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $231.59, for a total transaction of $754,983.40. Following the sale, the insider now owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. Insiders own 2.57% of the company’s stock.

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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