Goldman Sachs Group, Inc. (The) (GS) Shares Bought by Continental Advisors LLC

Continental Advisors LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 23.5% during the first quarter, Holdings Channel reports. The fund owned 43,050 shares of the investment management company’s stock after buying an additional 8,200 shares during the period. Goldman Sachs Group, Inc. (The) accounts for approximately 2.2% of Continental Advisors LLC’s portfolio, making the stock its 6th largest position. Continental Advisors LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $9,889,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Parallel Advisors LLC boosted its stake 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 during the last quarter. YorkBridge Wealth Partners LLC boosted 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 worth $144,000 after buying an additional 2 shares during the last quarter. Quadrant Capital Group LLC boosted its stake 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 last quarter. Cheviot Value Management LLC acquired a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $203,000. Finally, Wealthsource Partners LLC acquired a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $207,000. Institutional investors and hedge funds own 73.72% of the company’s stock.

Goldman Sachs Group, Inc. (NYSE:GS) traded down 1.608% during mid-day trading on Thursday, reaching $227.295. 885,904 shares of the company’s stock traded hands. The firm has a market cap of $88.24 billion, a price-to-earnings ratio of 11.917 and a beta of 1.42. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15. The firm’s 50-day moving average price is $224.84 and its 200 day moving average price is $229.82.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.56. The company had revenue of $7.89 billion during 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 firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $3.72 EPS. On average, equities analysts forecast 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 authorized a stock repurchase program on Tuesday, April 18th that allows the company to repurchase 50,000,000 shares. This repurchase authorization allows the investment management company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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

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GS has been the topic of a number of analyst reports. Vetr cut shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $191.87 target price on the stock. in a report on Monday, April 24th. Citigroup Inc. raised 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 report on Wednesday, April 19th. Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Atlantic Securities raised shares of Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $214.00 to $254.00 in a report on Thursday, April 20th. Finally, HSBC Holdings plc reissued a “buy” rating and set a $275.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, April 25th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $236.44.

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

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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