Prudential Financial Inc. cut its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 35.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 996,304 shares of the investment management company’s stock after selling 548,546 shares during the quarter. Prudential Financial Inc. owned about 0.26% of Goldman Sachs Group, Inc. (The) worth $221,080,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Carret Asset Management LLC boosted its stake in Goldman Sachs Group, Inc. (The) by 0.6% in the 1st quarter. Carret Asset Management LLC now owns 20,451 shares of the investment management company’s stock valued at $4,698,000 after purchasing an additional 113 shares during the period. Bank of Montreal Can boosted its stake in Goldman Sachs Group, Inc. (The) by 33.1% in the 2nd quarter. Bank of Montreal Can now owns 392,464 shares of the investment management company’s stock valued at $87,090,000 after purchasing an additional 97,532 shares during the period. Cornerstone Investment Partners LLC bought a new stake in Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at $42,536,000. Janney Montgomery Scott LLC boosted its stake in Goldman Sachs Group, Inc. (The) by 52.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 42,178 shares of the investment management company’s stock valued at $9,359,000 after purchasing an additional 14,473 shares during the period. Finally, Swedbank boosted its stake in Goldman Sachs Group, Inc. (The) by 20.6% in the 2nd quarter. Swedbank now owns 487,993 shares of the investment management company’s stock valued at $108,286,000 after purchasing an additional 83,318 shares during the period. Institutional investors and hedge funds own 73.31% of the company’s stock.

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Goldman Sachs Group, Inc. (NYSE GS) opened at 237.19 on Friday. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15. The firm has a market cap of $92.08 billion, a PE ratio of 12.44 and a beta of 1.42. The firm has a 50-day moving average price of $224.38 and a 200-day moving average price of $225.69.

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 for the quarter, beating 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 business had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.47 billion. During the same quarter last year, the business posted $3.72 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts expect that Goldman Sachs Group, Inc. will post $18.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.26%. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.74%.

In other Goldman Sachs Group, Inc. (The) news, insider David M. Solomon sold 3,260 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $231.59, for a total transaction of $754,983.40. Following the sale, the insider now owns 177,594 shares in the company, valued at $41,128,994.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John F.W. Rogers sold 17,685 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 80,109 shares in the company, valued at approximately $18,827,217.18. The disclosure for this sale can be found here. Insiders have sold 25,535 shares of company stock worth $5,956,868 in the last 90 days. Company insiders own 2.57% of the company’s stock.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. J P Morgan Chase & Co set a $260.00 price target on Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research note on Friday, September 15th. JMP Securities restated a “market perform” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, September 13th. TheStreet downgraded Goldman Sachs Group, Inc. (The) from a “b” rating to a “c+” rating in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $237.04.

Goldman Sachs Group, Inc. (The) 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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