Heritage Investors Management Corp raised its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,848 shares of the investment management company’s stock after buying an additional 804 shares during the period. Heritage Investors Management Corp’s holdings in Goldman Sachs Group, Inc. (The) were worth $14,390,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Carret Asset Management LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 0.6% in the first quarter. Carret Asset Management LLC now owns 20,451 shares of the investment management company’s stock valued at $4,698,000 after buying an additional 113 shares during the last quarter. Bridgewater Associates LP purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at approximately $2,187,000. Wells Fargo & Company MN boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 6.4% in the first quarter. Wells Fargo & Company MN now owns 2,177,944 shares of the investment management company’s stock valued at $500,319,000 after buying an additional 130,825 shares during the last quarter. Delta Lloyd NV purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at approximately $9,345,000. Finally, Bank of Nova Scotia boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 452.3% in the first quarter. Bank of Nova Scotia now owns 90,239 shares of the investment management company’s stock valued at $20,729,000 after buying an additional 73,900 shares during the last quarter. Institutional investors own 73.38% of the company’s stock.

Goldman Sachs Group, Inc. (NYSE GS) traded up 0.96% on Friday, reaching $225.88. The company’s stock had a trading volume of 2,346,855 shares. The company has a market cap of $87.69 billion, a P/E ratio of 11.84 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 company has a 50-day moving average price of $224.46 and a 200 day moving average price of $228.21.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping 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 company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. During the same quarter in the previous year, the firm earned $3.72 EPS. Goldman Sachs Group, Inc. (The)’s revenue was down .6% on a year-over-year basis. On average, equities research analysts anticipate that Goldman Sachs Group, Inc. will post $18.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is currently 15.74%.

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Several equities research analysts recently commented on GS shares. J P Morgan Chase & Co reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, May 29th. Keefe, Bruyette & Woods set a $260.00 price target on Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research note on Saturday, May 6th. Vetr raised Goldman Sachs Group, Inc. (The) from a “strong sell” rating to a “buy” rating and set a $233.49 price target for the company in a research note on Wednesday, June 7th. Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. Finally, Capital One Financial Corporation reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $235.44.

In other Goldman Sachs Group, Inc. (The) news, EVP John F.W. Rogers sold 17,685 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David M. Solomon sold 3,260 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was 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 directly owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. 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 three months. 2.57% of the stock is owned by 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.

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

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