Kings Point Capital Management lessened its holdings in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 27.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,209 shares of the investment management company’s stock after selling 448 shares during the period. Kings Point Capital Management’s holdings in Goldman Sachs Group, Inc. (The) were worth $268,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its position in Goldman Sachs Group, Inc. (The) by 3,301.2% during the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after purchasing an additional 23,847,154 shares in the last quarter. Vanguard Group Inc. grew its stake in Goldman Sachs Group, Inc. (The) by 4.4% in the first quarter. Vanguard Group Inc. now owns 23,768,377 shares of the investment management company’s stock valued at $5,460,072,000 after purchasing an additional 1,001,162 shares during the last quarter. State Street Corp grew its stake in Goldman Sachs Group, Inc. (The) by 2.7% in the first quarter. State Street Corp now owns 22,851,344 shares of the investment management company’s stock valued at $5,249,408,000 after purchasing an additional 603,165 shares during the last quarter. FMR LLC raised its holdings in Goldman Sachs Group, Inc. (The) by 10.9% in the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock worth $2,525,869,000 after purchasing an additional 1,084,624 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Goldman Sachs Group, Inc. (The) by 8.4% in the first quarter. Geode Capital Management LLC now owns 3,743,111 shares of the investment management company’s stock worth $858,692,000 after purchasing an additional 289,159 shares in the last quarter. 73.31% of the stock is owned by hedge funds and other institutional investors.

In other news, Director David A. Viniar sold 4,590 shares of the business’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 transaction, the director now owns 854,925 shares of the company’s stock, valued at $194,743,365.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John F.W. Rogers sold 17,685 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were 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 directly owns 80,109 shares in the company, valued at approximately $18,827,217.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,535 shares of company stock valued at $5,956,868. 2.57% of the stock is owned by company insiders.

Goldman Sachs Group, Inc. (NYSE:GS) opened at 240.65 on Tuesday. The stock’s 50 day moving average is $225.75 and its 200 day moving average is $224.66. Goldman Sachs Group, Inc. has a 12-month low of $161.23 and a 12-month high of $255.15. The stock has a market capitalization of $93.42 billion, a price-to-earnings ratio of 12.62 and a beta of 1.41.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.39 by $0.56. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the company posted $3.72 earnings per share. Equities research analysts forecast that Goldman Sachs Group, Inc. will post $18.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.74%.

A number of research analysts have recently issued reports on the stock. Deutsche Bank AG reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 3rd. Zacks Investment Research upgraded shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Capital One Financial Corporation reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, July 11th. UBS AG cut shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating and increased their target price for the company from $220.19 to $230.00 in a research report on Monday, July 24th. Finally, Buckingham Research restated a “neutral” rating and issued a $243.00 target price (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $237.04.

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Goldman Sachs Group, Inc. (The) Company 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.

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

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