ZWJ Investment Counsel Inc. Has $1.24 Million Stake in Goldman Sachs Group, Inc. (The) (GS)

ZWJ Investment Counsel Inc. raised its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 57.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,382 shares of the investment management company’s stock after buying an additional 1,962 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $1,236,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. First American Trust FSB boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 13.6% in the first quarter. First American Trust FSB now owns 26,270 shares of the investment management company’s stock valued at $6,034,000 after buying an additional 3,139 shares during the period. Bridges Investment Counsel Inc. bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at about $275,000. Bonness Enterprises Inc. bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at about $988,000. Bridges Investment Management Inc. bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at about $2,142,000. Finally, First Financial Bank N.A. Trust Division boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 10.8% in the first quarter. First Financial Bank N.A. Trust Division now owns 14,510 shares of the investment management company’s stock valued at $3,333,000 after buying an additional 1,411 shares during the period. 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. 3,149,324 shares of the stock were exchanged. The stock has a 50 day moving average of $225.59 and a 200-day moving average of $229.32. The stock has a market cap of $86.24 billion, a P/E ratio of 11.65 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.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.39 by $0.56. The firm 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 net margin of 26.44% and a return on equity of 11.27%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.72 earnings per share. Equities analysts expect that Goldman Sachs Group, Inc. will post $18.23 EPS for the current fiscal year.

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

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GS has been the subject of several recent research reports. Deutsche Bank AG reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. Capital One Financial Corporation restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, July 11th. J P Morgan Chase & Co restated a “buy” rating and set a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, June 26th. Buckingham Research restated a “neutral” rating and set a $243.00 price objective (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 10th. Finally, UBS AG downgraded shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $220.19 to $230.00 in a research report on Monday, July 24th. Two equities 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 issued a strong buy rating to the company’s stock. The company presently 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 the company’s stock in a transaction that occurred 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 transaction, the director now owns 854,925 shares in the company, valued at $194,743,365.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David M. Solomon sold 3,260 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $231.59, for a total transaction of $754,983.40. Following the completion of the transaction, the insider now owns 177,594 shares in the company, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,535 shares of company stock worth $5,956,868. 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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