Livforsakringsbolaget Skandia Omsesidigt held its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 42,499 shares of the investment management company’s stock at the end of the second quarter. Goldman Sachs Group, Inc. (The) makes up approximately 0.9% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 23rd largest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Goldman Sachs Group, Inc. (The) were worth $9,430,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in Goldman Sachs Group, Inc. (The) by 10.7% in the first quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock valued at $126,000 after buying an additional 54 shares during the last quarter. YorkBridge Wealth Partners LLC increased 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. Franklin Parlapiano Turner & Welch LLC bought a new stake in Goldman Sachs Group, Inc. (The) during the first quarter valued at $161,000. Cheviot Value Management LLC bought a new stake in Goldman Sachs Group, Inc. (The) during the first quarter valued at $203,000. Finally, Wealthsource Partners LLC bought a new stake in Goldman Sachs Group, Inc. (The) during the first quarter valued at $207,000. 73.38% of the stock is owned by institutional investors.

Goldman Sachs Group, Inc. (GS) traded down 0.166% during mid-day trading on Tuesday, hitting $219.235. 1,017,343 shares of the company were exchanged. The stock has a market cap of $85.11 billion, a P/E ratio of 11.495 and a beta of 1.42. The company has a 50 day moving average of $225.12 and a 200 day moving average of $228.90. Goldman Sachs Group, Inc. has a 12-month low of $157.77 and a 12-month high of $255.15.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.36%. The ex-dividend date is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s payout ratio is presently 15.74%.

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GS has been the subject of a number of recent research reports. BidaskClub downgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Buckingham Research reaffirmed a “neutral” rating and set a $243.00 price objective (up previously from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 10th. Wells Fargo & Company initiated coverage on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price objective for the company. Berenberg Bank reaffirmed a “sell” rating and set a $190.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, July 21st. Finally, Credit Suisse Group boosted their price objective on shares of Goldman Sachs Group, Inc. (The) from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) has an average rating of “Hold” and an average target price of $235.44.

In related news, Director David A. Viniar sold 4,590 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total value of $1,045,556.10. Following the sale, the director now directly owns 854,925 shares in the company, valued at $194,743,365.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David M. Solomon sold 3,260 shares of the company’s stock in a transaction that occurred 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 owns 177,594 shares in the company, valued at $41,128,994.46. The disclosure for this sale can be found here. Insiders sold 25,535 shares of company stock worth $5,956,868 over the last quarter. 2.57% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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