Breton Hill Capital Ltd. reduced its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 5,966 shares of the investment management company’s stock after selling 177 shares during the period. Breton Hill Capital Ltd.’s holdings in Goldman Sachs Group, Inc. (The) were worth $1,324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Legacy Private Trust Co. raised its stake in shares of Goldman Sachs Group, Inc. (The) by 92.4% in the first quarter. Legacy Private Trust Co. now owns 2,232 shares of the investment management company’s stock worth $513,000 after buying an additional 1,072 shares during the period. Murphy Capital Management Inc. raised its stake in shares of Goldman Sachs Group, Inc. (The) by 9.4% in the first quarter. Murphy Capital Management Inc. now owns 5,345 shares of the investment management company’s stock worth $1,227,000 after buying an additional 460 shares during the period. Highland Capital Management LLC raised its stake in shares of Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Highland Capital Management LLC now owns 34,273 shares of the investment management company’s stock worth $7,873,000 after buying an additional 90 shares during the period. E&G Advisors LP raised its stake in shares of Goldman Sachs Group, Inc. (The) by 2.9% in the first quarter. E&G Advisors LP now owns 1,800 shares of the investment management company’s stock worth $414,000 after buying an additional 50 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Goldman Sachs Group, Inc. (The) by 4.3% in the first quarter. Bank of Montreal Can now owns 294,932 shares of the investment management company’s stock worth $67,751,000 after buying an additional 12,094 shares during the period. 73.72% of the stock is currently owned by institutional investors.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded down 0.66% during midday trading on Friday, hitting $224.01. The company had a trading volume of 1,717,614 shares. The company has a market cap of $86.96 billion, a price-to-earnings ratio of 11.74 and a beta of 1.42. Goldman Sachs Group, Inc. has a 12 month low of $157.77 and a 12 month high of $255.15. The stock’s 50-day moving average price is $224.93 and its 200-day moving average price is $229.79.

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 Zacks’ 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 business had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.47 billion. During the same quarter in the previous year, the firm posted $3.72 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts forecast that Goldman Sachs Group, Inc. will post $18.20 EPS for the current year.

Goldman Sachs Group, Inc. (The) declared that its Board of Directors has initiated a share buyback program on Tuesday, April 18th that allows the company to buyback 50,000,000 shares. This buyback authorization allows the investment management company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.33%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.

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A number of analysts have issued reports on the stock. BidaskClub lowered shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Buckingham Research reiterated a “neutral” rating and set a $243.00 price target (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 10th. Wells Fargo & Company assumed coverage on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday. They set an “outperform” rating and a $265.00 price target on the stock. Berenberg Bank reiterated a “sell” rating and set a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. Finally, Credit Suisse Group boosted their price target on shares of Goldman Sachs Group, Inc. (The) from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $235.44.

In other Goldman Sachs Group, Inc. (The) news, insider David M. Solomon sold 3,260 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $231.59, for a total transaction of $754,983.40. Following the completion of the transaction, the insider now owns 177,594 shares in the company, valued at approximately $41,128,994.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F.W. Rogers sold 17,685 shares of the business’s 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 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. Insiders have sold a total of 25,535 shares of company stock valued at $5,956,868 in the last 90 days. 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.

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

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