Pointe Capital Management LLC decreased its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 54.9% during the first quarter, Holdings Channel reports. The institutional investor owned 1,034 shares of the investment management company’s stock after selling 1,260 shares during the period. Pointe Capital Management LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $238,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. YorkBridge Wealth Partners LLC increased its stake in shares of 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 in the last quarter. Hudock Capital Group LLC increased its stake in shares of 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 in the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of 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 in the last quarter. Balasa Dinverno & Foltz LLC increased its stake in shares of 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 in the last quarter. Finally, Guardian Life Insurance Co. of America increased its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Goldman Sachs Group, Inc. (GS) traded up 0.31% during trading on Tuesday, hitting $228.07. The stock had a trading volume of 864,159 shares. The company has a market cap of $88.54 billion, a price-to-earnings ratio of 11.96 and a beta of 1.42. Goldman Sachs Group, Inc. has a 52 week low of $157.77 and a 52 week high of $255.15. The company has a 50-day moving average of $225.35 and a 200 day moving average of $229.55.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings data 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. 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 the consensus estimate of $7.47 billion. During the same period last year, the company earned $3.72 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. On average, equities research analysts anticipate that Goldman Sachs Group, Inc. will post $18.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders 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 dividend yield of 1.32%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.74%.

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

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GS has been the topic of several recent analyst reports. Royal Bank Of Canada reduced their target price on shares of Goldman Sachs Group, Inc. (The) to $250.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 18th. Rafferty Capital Markets downgraded shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and reduced their target price for the company from $288.00 to $221.00 in a research note on Tuesday, April 18th. Citigroup Inc. upgraded shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating and set a $225.00 target price on the stock in a research note on Wednesday, April 19th. Credit Suisse Group restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 19th. Finally, Bank of America Corporation reduced their target price on shares of Goldman Sachs Group, Inc. (The) from $275.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) currently has an average rating of “Hold” and a consensus price target of $235.44.

In other news, Director David A. Viniar sold 4,590 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly 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 available through this hyperlink. Also, EVP John F.W. Rogers sold 17,685 shares of the firm’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 transaction, the executive vice president now owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The disclosure for this sale can be found here. Insiders have sold 25,535 shares of company stock valued at $5,956,868 over the last 90 days. 2.57% of the stock is owned by corporate 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.

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

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