Goldman Sachs Group, Inc. (The) (GS) Stake Lowered by AT Bancorp

AT Bancorp decreased its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 40.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,829 shares of the investment management company’s stock after selling 7,322 shares during the quarter. AT Bancorp’s holdings in Goldman Sachs Group, Inc. (The) were worth $2,402,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Carret Asset Management LLC boosted its holdings in Goldman Sachs Group, Inc. (The) by 0.6% in the first quarter. Carret Asset Management LLC now owns 20,451 shares of the investment management company’s stock worth $4,698,000 after purchasing an additional 113 shares during the last quarter. Bank of Montreal Can boosted its holdings in Goldman Sachs Group, Inc. (The) by 33.1% in the second quarter. Bank of Montreal Can now owns 392,464 shares of the investment management company’s stock worth $87,090,000 after purchasing an additional 97,532 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Goldman Sachs Group, Inc. (The) by 52.2% in the second quarter. Janney Montgomery Scott LLC now owns 42,178 shares of the investment management company’s stock worth $9,359,000 after purchasing an additional 14,473 shares during the last quarter. Bridgewater Associates LP purchased a new stake in Goldman Sachs Group, Inc. (The) in the first quarter worth approximately $2,187,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in Goldman Sachs Group, Inc. (The) in the second quarter worth approximately $42,536,000. Hedge funds and other institutional investors own 73.38% of the company’s stock.

Several brokerages recently issued reports on GS. JMP Securities restated a “market perform” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday. TheStreet cut shares of Goldman Sachs Group, Inc. (The) from a “b” rating to a “c+” rating in a report on Thursday, September 7th. HSBC Holdings plc cut shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and lifted their price target for the stock from $223.80 to $250.00 in a research note on Friday, August 11th. Wells Fargo & Company initiated 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 on the stock. Finally, Keefe, Bruyette & Woods set a $260.00 price target on shares of Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, June 8th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) has a consensus rating of “Hold” and a consensus price target of $235.44.

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Goldman Sachs Group, Inc. (GS) opened at 225.95 on Wednesday. The stock has a market capitalization of $87.72 billion, a PE ratio of 11.85 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 firm has a 50 day moving average of $223.57 and a 200-day moving average of $226.71.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, beating the Zacks’ consensus estimate of $3.39 by $0.56. The business 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 company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.72 earnings per share. On average, equities analysts predict that Goldman Sachs Group, Inc. will post $18.23 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.74%.

In related news, Director David A. Viniar sold 4,590 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 854,925 shares in the company, valued at $194,743,365.75. The transaction was disclosed in a document filed with the SEC, which is available through 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 stock was sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the sale, 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 sold 25,535 shares of company stock valued at $5,956,868 over the last quarter. Company 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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