ARGA Investment Management LP increased its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 103.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,064 shares of the investment management company’s stock after acquiring an additional 4,100 shares during the quarter. ARGA Investment Management LP’s holdings in Goldman Sachs Group, Inc. (The) were worth $1,790,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Commerce Bank boosted its stake in Goldman Sachs Group, Inc. (The) by 1.5% during the 2nd quarter. Commerce Bank now owns 112,887 shares of the investment management company’s stock worth $25,049,000 after acquiring an additional 1,722 shares during the last quarter. Cornerstone Advisory LLP bought a new position in Goldman Sachs Group, Inc. (The) during the 2nd quarter worth approximately $222,000. Baldwin Investment Management LLC boosted its stake in Goldman Sachs Group, Inc. (The) by 3.3% during the 2nd quarter. Baldwin Investment Management LLC now owns 3,327 shares of the investment management company’s stock worth $738,000 after acquiring an additional 105 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Goldman Sachs Group, Inc. (The) by 12.5% during the 2nd quarter. Principal Financial Group Inc. now owns 594,947 shares of the investment management company’s stock worth $132,019,000 after acquiring an additional 66,333 shares during the last quarter. Finally, Ray Gerald L & Associates Ltd. boosted its stake in Goldman Sachs Group, Inc. (The) by 0.3% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 11,080 shares of the investment management company’s stock worth $2,459,000 after acquiring an additional 29 shares during the last quarter. 73.31% of the stock is currently owned by institutional investors and hedge funds.

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Goldman Sachs Group, Inc. (NYSE GS) opened at 240.31 on Thursday. Goldman Sachs Group, Inc. has a one year low of $164.82 and a one year high of $255.15. The company’s 50-day moving average is $226.52 and its 200-day moving average is $224.76. The firm has a market capitalization of $93.29 billion, a P/E ratio of 12.60 and a beta of 1.41.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.56. The business 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%. Goldman Sachs Group, Inc. (The)’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.72 EPS. Equities analysts forecast that Goldman Sachs Group, Inc. will post $18.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, August 31st were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.74%.

Several research firms recently weighed in on GS. Wells Fargo & Company began coverage on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price objective on the stock. Zacks Investment Research lowered shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, July 4th. Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. Finally, J P Morgan Chase & Co set a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $238.87.

In related news, EVP John F.W. Rogers sold 17,685 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.02, for a total value of $4,156,328.70. Following the completion of the sale, the executive vice president now directly owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David M. Solomon sold 3,260 shares of the 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 completion of the sale, the insider now directly owns 177,594 shares of the company’s stock, valued at $41,128,994.46. The disclosure for this sale can be found here. Insiders sold a total of 25,535 shares of company stock valued at $5,956,868 over the last three months. 2.57% of the stock is currently owned by insiders.

Goldman Sachs Group, Inc. (The) 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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