Allen Investment Management LLC raised its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 2.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,673 shares of the investment management company’s stock after buying an additional 67 shares during the period. Allen Investment Management LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC boosted its position 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 position 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 position 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 position 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 position 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. Hedge funds and other institutional investors own 73.72% of the company’s stock.

Goldman Sachs Group, Inc. (NYSE:GS) traded down 1.48% during trading on Thursday, hitting $227.59. The stock had a trading volume of 645,871 shares. The firm has a market cap of $88.35 billion, a price-to-earnings ratio of 11.93 and a beta of 1.42. Goldman Sachs Group, Inc. has a 1-year low of $157.77 and a 1-year high of $255.15. The firm’s 50 day moving average is $224.84 and its 200 day moving average is $229.82.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its 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. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The firm had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.47 billion. During the same quarter in the previous year, the company posted $3.72 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts anticipate that Goldman Sachs Group, Inc. will post $18.19 earnings per share for the current year.

Goldman Sachs Group, Inc. (The) declared that its Board of Directors has approved a share repurchase plan on Tuesday, April 18th that permits the company to repurchase 50,000,000 outstanding shares. This repurchase authorization permits the investment management company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.30%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is currently 15.74%.

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Several analysts have weighed in on GS shares. Royal Bank Of Canada lowered their target price on Goldman Sachs Group, Inc. (The) from $250.00 to $240.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 19th. UBS AG reissued a “buy” rating and issued a $285.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 19th. Atlantic Securities raised Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and upped their target price for the company from $214.00 to $254.00 in a report on Thursday, April 20th. Keefe, Bruyette & Woods set a $260.00 target price on Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a report on Saturday, May 6th. Finally, Wells Fargo & Company started coverage on Goldman Sachs Group, Inc. (The) in a report on Wednesday. They issued an “outperform” rating and a $265.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve 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 $236.44.

In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 4,590 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 854,925 shares in the company, valued at $194,743,365.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David M. Solomon sold 3,260 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 177,594 shares in the company, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. 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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