Goldman Sachs Group, Inc. (The) (GS) Shares Bought by Global Endowment Management LP

Global Endowment Management LP raised its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 18.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,140 shares of the investment management company’s stock after buying an additional 340 shares during the period. Global Endowment Management LP’s holdings in Goldman Sachs Group, Inc. (The) were worth $491,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in GS. Sheets Smith Wealth Management boosted its stake in shares of 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 period. Quadrant Capital Group LLC boosted its stake in 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 valued at $192,000 after buying an additional 90 shares during the last quarter. Stillwater Investment Management LLC boosted its stake in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Stillwater Investment Management LLC now owns 10,607 shares of the investment management company’s stock valued at $2,437,000 after buying an additional 29 shares during the last quarter. Pennsylvania Trust Co boosted its stake in 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 valued at $6,033,000 after buying an additional 3,945 shares during the last quarter. Finally, Legacy Private Trust Co. boosted its stake in 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 valued at $513,000 after buying an additional 1,072 shares during the last quarter. Institutional investors own 74.66% of the company’s stock.

Goldman Sachs Group, Inc. (NYSE:GS) traded up 0.33% during trading on Friday, hitting $222.15. The stock had a trading volume of 3,149,324 shares. The stock has a market cap of $86.24 billion, a price-to-earnings ratio of 11.65 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 price of $225.59 and a 200-day moving average price of $229.32.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.39 by $0.56. The company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. Goldman Sachs Group, Inc. (The)’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $3.72 EPS. On average, equities analysts predict that Goldman Sachs Group, Inc. will post $18.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.35%. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.74%.

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GS has been the topic of several recent research reports. HSBC Holdings plc reaffirmed a “buy” rating and issued a $275.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, April 25th. J P Morgan Chase & Co restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, May 29th. Keefe, Bruyette & Woods set a $260.00 target price on shares of Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a report on Saturday, May 6th. Vetr upgraded shares of Goldman Sachs Group, Inc. (The) from a “strong sell” rating to a “buy” rating and set a $233.49 price objective on the stock in a report on Wednesday, June 7th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Goldman Sachs Group, Inc. (The) currently has an average rating of “Hold” and a consensus price target of $235.44.

In other news, Director David A. Viniar sold 4,590 shares of Goldman Sachs Group, Inc. (The) stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total value of $1,045,556.10. Following the transaction, the director now directly owns 854,925 shares in the company, valued at approximately $194,743,365.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F.W. Rogers sold 17,685 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.02, for a total value of $4,156,328.70. Following the completion of the sale, the executive vice president now directly owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The disclosure for this sale can be found here. Insiders sold a total of 25,535 shares of company stock worth $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.

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

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