Dreman Value Management L L C continued to hold its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,710 shares of the investment management company’s stock at the close of the 2nd quarter. Goldman Sachs Group, Inc. (The) accounts for about 1.1% of Dreman Value Management L L C’s portfolio, making the stock its 17th biggest holding. Dreman Value Management L L C’s holdings in Goldman Sachs Group, Inc. (The) were worth $2,001,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Wealthsource Partners LLC grew its position in Goldman Sachs Group, Inc. (The) by 82.1% in the second quarter. Wealthsource Partners LLC now owns 1,641 shares of the investment management company’s stock worth $364,000 after acquiring an additional 740 shares in the last quarter. Colony Group LLC grew its position in Goldman Sachs Group, Inc. (The) by 6.3% in the second quarter. Colony Group LLC now owns 8,539 shares of the investment management company’s stock worth $1,895,000 after acquiring an additional 509 shares in the last quarter. 1st Global Advisors Inc. grew its position in Goldman Sachs Group, Inc. (The) by 15.5% in the second quarter. 1st Global Advisors Inc. now owns 2,328 shares of the investment management company’s stock worth $517,000 after acquiring an additional 313 shares in the last quarter. Keel Point LLC grew its position in Goldman Sachs Group, Inc. (The) by 0.4% in the second quarter. Keel Point LLC now owns 4,024 shares of the investment management company’s stock worth $893,000 after acquiring an additional 18 shares in the last quarter. Finally, National Asset Management Inc. grew its position in Goldman Sachs Group, Inc. (The) by 70.1% in the second quarter. National Asset Management Inc. now owns 3,498 shares of the investment management company’s stock worth $777,000 after acquiring an additional 1,441 shares in the last quarter. 73.14% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on GS shares. Zacks Investment Research lowered Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday. HSBC Holdings plc lowered 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 report on Friday, August 11th. Buckingham Research reiterated a “neutral” rating and issued a $250.00 price target (up previously from $243.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, October 18th. Wells Fargo & Company started coverage on Goldman Sachs Group, Inc. (The) in a report on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 price target for the company. Finally, Vertical Group lowered Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $244.98.

In related news, Director David A. Viniar sold 7,393 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $245.18, for a total transaction of $1,812,615.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Harvey M. Schwartz sold 25,000 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $245.00, for a total transaction of $6,125,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,344 shares of company stock worth $9,125,608. Corporate insiders own 2.57% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at $243.49 on Tuesday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.89 and a current ratio of 0.89. Goldman Sachs Group, Inc. has a 12 month low of $174.73 and a 12 month high of $255.15. The stock has a market cap of $92,188.05, a PE ratio of 12.73, a PEG ratio of 1.24 and a beta of 1.48.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.32%. The business had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same period in the prior year, the company posted $4.88 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. research analysts predict that Goldman Sachs Group, Inc. will post 19.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.63%.

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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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