Factory Mutual Insurance Co. raised its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 358,100 shares of the investment management company’s stock after buying an additional 8,000 shares during the period. Factory Mutual Insurance Co. owned approximately 0.09% of Goldman Sachs Group worth $79,463,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. YorkBridge Wealth Partners LLC increased its stake in Goldman Sachs Group by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 640 shares of the investment management company’s stock valued at $144,000 after buying an additional 2 shares in the last quarter. Hudock Capital Group LLC increased its position in Goldman Sachs Group by 0.3% in the first quarter. Hudock Capital Group LLC now owns 1,130 shares of the investment management company’s stock worth $259,000 after buying an additional 3 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in Goldman Sachs Group by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,052 shares of the investment management company’s stock worth $242,000 after buying an additional 3 shares during the last quarter. Balasa Dinverno & Foltz LLC increased its position in Goldman Sachs Group by 0.8% in the first quarter. Balasa Dinverno & Foltz LLC now owns 924 shares of the investment management company’s stock worth $212,000 after buying an additional 7 shares during the last quarter. Finally, Guardian Life Insurance Co. of America increased its position in Goldman Sachs Group by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,426 shares of the investment management company’s stock worth $328,000 after buying an additional 8 shares during the last quarter. 73.38% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs Group Inc (GS) traded up 0.56% during mid-day trading on Thursday, hitting $223.66. 932,566 shares of the stock traded hands. The stock has a market capitalization of $86.83 billion, a PE ratio of 11.73 and a beta of 1.42. Goldman Sachs Group Inc has a one year low of $157.77 and a one year high of $255.15. The company has a 50 day moving average price of $225.12 and a 200-day moving average price of $228.90.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.39 by $0.56. Goldman Sachs Group had a net margin of 17.35% and a return on equity of 8.65%. The company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.47 billion. During the same period in the previous year, the firm earned $3.72 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts anticipate that Goldman Sachs Group Inc will post $18.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, August 29th. Goldman Sachs Group’s payout ratio is 15.74%.

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A number of analysts recently issued reports on GS shares. Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group in a research report on Monday, July 3rd. Capital One Financial Corporation reaffirmed a “buy” rating on shares of Goldman Sachs Group in a research report on Tuesday, July 11th. J P Morgan Chase & Co reaffirmed a “buy” rating and set a $260.00 price objective on shares of Goldman Sachs Group in a research report on Monday, June 26th. Buckingham Research reissued a “neutral” rating and set a $243.00 target price (up from $235.00) on shares of Goldman Sachs Group in a research note on Monday, July 10th. Finally, UBS AG downgraded Goldman Sachs Group from a “buy” rating to a “neutral” rating and increased their target price for the stock from $220.19 to $230.00 in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $235.44.

In related news, insider David M. Solomon sold 3,260 shares of Goldman Sachs Group 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 transaction, the insider now directly owns 177,594 shares of the company’s stock, valued at $41,128,994.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Viniar sold 4,590 shares of Goldman Sachs Group stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the transaction, the director now directly owns 854,925 shares in the company, valued at $194,743,365.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,535 shares of company stock worth $5,956,868. 2.57% of the stock is owned by insiders.

Goldman Sachs Group 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.

Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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