Sterling Investment Management Inc. increased its position in Goldman Sachs Group Inc (NYSE:GS) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,857 shares of the investment management company’s stock after purchasing an additional 297 shares during the quarter. Goldman Sachs Group makes up about 2.5% of Sterling Investment Management Inc.’s investment portfolio, making the stock its 13th largest holding. Sterling Investment Management Inc.’s holdings in Goldman Sachs Group were worth $3,277,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in shares of Goldman Sachs Group by 3.5% in the first quarter. The Manufacturers Life Insurance Company now owns 3,519,529 shares of the investment management company’s stock worth $886,429,000 after purchasing an additional 118,249 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Goldman Sachs Group by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 3,263,236 shares of the investment management company’s stock worth $719,772,000 after purchasing an additional 175,540 shares during the last quarter. Boston Partners raised its stake in shares of Goldman Sachs Group by 3.5% in the second quarter. Boston Partners now owns 3,105,353 shares of the investment management company’s stock worth $684,948,000 after purchasing an additional 103,613 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Goldman Sachs Group by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,565,582 shares of the investment management company’s stock worth $646,167,000 after purchasing an additional 12,669 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its stake in shares of Goldman Sachs Group by 9.2% in the first quarter. OppenheimerFunds Inc. now owns 1,981,020 shares of the investment management company’s stock worth $498,940,000 after purchasing an additional 166,434 shares during the last quarter. Institutional investors own 72.37% of the company’s stock.

In other Goldman Sachs Group news, insider David M. Solomon sold 8,382 shares of the business’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $232.08, for a total transaction of $1,945,294.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David M. Solomon sold 8,488 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $237.92, for a total value of $2,019,464.96. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

Shares of GS opened at $234.53 on Monday. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group Inc has a one year low of $214.64 and a one year high of $275.31. The firm has a market capitalization of $86.69 billion, a P/E ratio of 11.89, a PEG ratio of 0.72 and a beta of 1.31.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 17th. The investment management company reported $5.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.66 by $1.32. Goldman Sachs Group had a return on equity of 13.58% and a net margin of 15.72%. The company had revenue of $9.40 billion during the quarter, compared to analyst estimates of $8.74 billion. During the same quarter in the previous year, the company posted $3.95 earnings per share. Goldman Sachs Group’s revenue was up 19.2% compared to the same quarter last year. equities research analysts predict that Goldman Sachs Group Inc will post 24.98 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, August 30th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, August 29th. Goldman Sachs Group’s payout ratio is currently 16.19%.

GS has been the subject of several recent analyst reports. Zacks Investment Research cut Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. JPMorgan Chase & Co. restated a “buy” rating and issued a $280.00 price target on shares of Goldman Sachs Group in a research note on Tuesday, June 12th. ValuEngine cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Credit Suisse Group upgraded Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 17th. Finally, Keefe, Bruyette & Woods decreased their price target on Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating for the company in a research note on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $273.41.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

Read More: Earnings Per Share (EPS)

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

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