Pictet & Cie Europe SA trimmed its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 11.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,185 shares of the investment management company’s stock after selling 160 shares during the period. Pictet & Cie Europe SA’s holdings in Goldman Sachs Group, Inc. (The) were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its holdings 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 during the period. Vanguard Group Inc. grew its holdings in Goldman Sachs Group, Inc. (The) by 4.4% during 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 period. State Street Corp grew its holdings in Goldman Sachs Group, Inc. (The) by 2.7% during 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 period. FMR LLC grew its holdings in Goldman Sachs Group, Inc. (The) by 10.9% during the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock valued at $2,525,869,000 after purchasing an additional 1,084,624 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Goldman Sachs Group, Inc. (The) by 8.4% during the first quarter. Geode Capital Management LLC now owns 3,743,111 shares of the investment management company’s stock valued at $858,692,000 after purchasing an additional 289,159 shares during the period. 73.31% of the stock is owned by institutional investors and hedge funds.

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Several equities analysts have weighed in on the company. BMO Capital Markets reissued a “hold” rating and set a $202.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Friday. Wells Fargo & Company assumed coverage on Goldman Sachs Group, Inc. (The) in a report on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price objective for the company. Zacks Investment Research lowered Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 4th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $238.35.

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 shares were sold at an average price of $231.59, for a total value of $754,983.40. Following the sale, the insider now owns 177,594 shares in the company, valued at approximately $41,128,994.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Viniar sold 4,590 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the sale, the director now owns 854,925 shares in the company, valued at approximately $194,743,365.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,535 shares of company stock worth $5,956,868. Corporate insiders own 2.57% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at 246.02 on Friday. Goldman Sachs Group, Inc. has a 52-week low of $165.51 and a 52-week high of $255.15. The stock has a market cap of $95.51 billion, a P/E ratio of 12.90 and a beta of 1.41. The firm’s 50-day moving average price is $227.81 and its 200-day moving average price is $224.94.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.39 by $0.56. The business had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.47 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.72 EPS. Equities analysts predict that Goldman Sachs Group, Inc. will post $18.17 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.74%.

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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