Northside Capital Management LLC lowered its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 59.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,762 shares of the investment management company’s stock after selling 4,093 shares during the period. Goldman Sachs Group, Inc. (The) comprises 0.3% of Northside Capital Management LLC’s investment portfolio, making the stock its 29th largest position. Northside Capital Management LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $613,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GS. YorkBridge Wealth Partners LLC boosted its stake in Goldman Sachs Group, Inc. (The) 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 during the last quarter. Hudock Capital Group LLC boosted its stake in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Hudock Capital Group LLC now owns 1,130 shares of the investment management company’s stock valued at $259,000 after buying an additional 3 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,052 shares of the investment management company’s stock valued at $242,000 after buying an additional 3 shares during the last quarter. Balasa Dinverno & Foltz LLC boosted its stake in Goldman Sachs Group, Inc. (The) by 0.8% in the first quarter. Balasa Dinverno & Foltz LLC now owns 924 shares of the investment management company’s stock valued at $212,000 after buying an additional 7 shares during the last quarter. Finally, Guardian Life Insurance Co. of America boosted its stake in Goldman Sachs Group, Inc. (The) 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 valued at $328,000 after buying an additional 8 shares during the last quarter. Institutional investors and hedge funds own 73.38% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at 222.42 on Thursday. Goldman Sachs Group, Inc. has a 52-week low of $157.77 and a 52-week high of $255.15. The company has a market capitalization of $86.35 billion, a P/E ratio of 11.66 and a beta of 1.42. The stock’s 50 day moving average price is $225.12 and its 200-day moving average price is $228.90.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.39 by $0.56. The firm had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $3.72 earnings per share. On average, equities analysts expect that Goldman Sachs Group, Inc. will post $18.23 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.74%.

WARNING: This news story was first reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/goldman-sachs-group-inc-the-gs-position-decreased-by-northside-capital-management-llc/1532978.html.

Several research firms have commented on GS. Keefe, Bruyette & Woods set a $260.00 target price on Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research note on Saturday, May 6th. Royal Bank Of Canada restated a “hold” rating and issued a $240.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Thursday. HSBC Holdings plc cut Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and boosted their target price for the company from $223.80 to $250.00 in a research note on Friday, August 11th. Wells Fargo & Co began coverage on Goldman Sachs Group, Inc. (The) in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 target price on the stock. Finally, Zacks Investment Research upgraded Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) has a consensus rating of “Hold” and a consensus target price of $235.44.

In other news, Director David A. Viniar sold 4,590 shares of the firm’s stock in a transaction dated 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 owns 854,925 shares in the company, valued at $194,743,365.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John F.W. Rogers sold 17,685 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total value of $4,156,328.70. Following the transaction, the executive vice president now owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,535 shares of company stock valued at $5,956,868. Company insiders own 2.57% of the company’s stock.

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.