Teachers Retirement System of The State of Kentucky decreased its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 5.0% during the first quarter, Holdings Channel reports. The firm owned 172,135 shares of the investment management company’s stock after selling 9,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Goldman Sachs Group, Inc. (The) were worth $39,542,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in shares of Goldman Sachs Group, Inc. (The) by 10.7% in the first quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock worth $126,000 after buying an additional 54 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position 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 worth $144,000 after buying an additional 2 shares in the last quarter. Cheviot Value Management LLC acquired a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth approximately $203,000. Wealthsource Partners LLC acquired a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth approximately $207,000. Finally, Haverford Trust Co. acquired a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth approximately $210,000. 74.66% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs Group, Inc. (GS) traded up 0.19% during mid-day trading on Tuesday, reaching $227.80. 857,458 shares of the company’s stock were exchanged. The firm has a market cap of $88.43 billion, a price-to-earnings ratio of 11.94 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 stock 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 released its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.39 by $0.56. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $3.72 earnings per share. Analysts anticipate that Goldman Sachs Group, Inc. will post $18.23 earnings per share for the current 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 paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.32%. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.74%.

Goldman Sachs Group, Inc. (The) declared that its board has initiated a stock buyback plan on Tuesday, April 18th that allows the company to buyback 50,000,000 shares. This buyback authorization allows the investment management company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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A number of brokerages have commented on GS. BidaskClub cut shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Buckingham Research restated a “neutral” rating and set a $243.00 price target (up previously from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 10th. Wells Fargo & Company began coverage on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price target for the company. Berenberg Bank restated a “sell” rating and set a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. Finally, Credit Suisse Group raised their price target on shares of Goldman Sachs Group, Inc. (The) from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $235.44.

In other news, EVP John F.W. Rogers sold 17,685 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total transaction 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 $18,827,217.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Viniar sold 4,590 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the transaction, the director now directly owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The disclosure for this sale can be found here. Insiders have sold 25,535 shares of company stock valued at $5,956,868 in the last ninety days. Insiders own 2.57% of the company’s stock.

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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