Meag Munich Ergo Kapitalanlagegesellschaft MBH Buys 2,342 Shares of Goldman Sachs Group, Inc. (The) (GS)

Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 11.5% during the second quarter, Holdings Channel reports. The fund owned 22,735 shares of the investment management company’s stock after buying an additional 2,342 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Goldman Sachs Group, Inc. (The) were worth $5,092,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Sheets Smith Wealth Management boosted its stake in Goldman Sachs Group, Inc. (The) by 31.6% in the first quarter. Sheets Smith Wealth Management now owns 2,588 shares of the investment management company’s stock worth $595,000 after buying an additional 621 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Goldman Sachs Group, Inc. (The) by 11.5% in the first quarter. Quadrant Capital Group LLC now owns 875 shares of the investment management company’s stock worth $192,000 after buying an additional 90 shares during the period. Pennsylvania Trust Co increased its position in shares of Goldman Sachs Group, Inc. (The) by 17.7% in the first quarter. Pennsylvania Trust Co now owns 26,263 shares of the investment management company’s stock worth $6,033,000 after buying an additional 3,945 shares during the period. Legacy Private Trust Co. increased its position in shares of Goldman Sachs Group, Inc. (The) by 92.4% in the first quarter. Legacy Private Trust Co. now owns 2,232 shares of the investment management company’s stock worth $513,000 after buying an additional 1,072 shares during the period. Finally, Murphy Capital Management Inc. increased its position in shares of Goldman Sachs Group, Inc. (The) by 9.4% in the first quarter. Murphy Capital Management Inc. now owns 5,345 shares of the investment management company’s stock worth $1,227,000 after buying an additional 460 shares during the period. 73.72% of the stock is owned by institutional investors.

Goldman Sachs Group, Inc. (GS) traded down 1.73% during midday trading on Thursday, hitting $227.02. The stock had a trading volume of 1,731,028 shares. The firm has a 50 day moving average price of $224.84 and a 200 day moving average price of $229.82. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15. The stock has a market cap of $88.13 billion, a PE ratio of 11.90 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted 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 company had revenue of $7.89 billion for the quarter, compared to analysts’ expectations 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 firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.72 earnings per share. Equities analysts expect that Goldman Sachs Group, Inc. will post $18.19 EPS for the current year.

Goldman Sachs Group, Inc. (The) announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, April 18th that permits the company to buyback 50,000,000 outstanding shares. This buyback authorization permits the investment management company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.30%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.

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A number of equities analysts have recently issued reports on GS shares. Royal Bank Of Canada cut their target price on Goldman Sachs Group, Inc. (The) to $250.00 and set a “neutral” rating for the company in a research note on Tuesday, April 18th. Credit Suisse Group reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 19th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, June 12th. Rafferty Capital Markets downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and cut their target price for the stock from $288.00 to $221.00 in a research note on Tuesday, April 18th. Finally, Vetr downgraded Goldman Sachs Group, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $191.87 target price for the company. in a research note on Monday, April 24th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Goldman Sachs Group, Inc. (The) has an average rating of “Hold” and an average price target of $236.44.

In other Goldman Sachs Group, Inc. (The) news, insider David M. Solomon sold 3,260 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $231.59, for a total value of $754,983.40. Following the transaction, the insider now owns 177,594 shares of the company’s stock, valued at $41,128,994.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Viniar sold 4,590 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total value of $1,045,556.10. Following the completion of the transaction, the director now directly owns 854,925 shares in the company, valued at approximately $194,743,365.75. The disclosure for this sale can be found here. 2.57% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group, Inc. (The) (NYSE:GS).

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

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