Howard Capital Management Sells 614 Shares of Goldman Sachs Group, Inc. (The) (GS)

Howard Capital Management reduced its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,871 shares of the investment management company’s stock after selling 614 shares during the period. Goldman Sachs Group, Inc. (The) accounts for about 2.2% of Howard Capital Management’s portfolio, making the stock its 19th largest position. Howard Capital Management’s holdings in Goldman Sachs Group, Inc. (The) were worth $13,729,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its stake in 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 period. Hudock Capital Group LLC boosted its stake in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Hudock Capital Group LLC now owns 1,130 shares of the investment management company’s stock worth $259,000 after buying an additional 3 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,052 shares of the investment management company’s stock worth $242,000 after buying an additional 3 shares during the period. Balasa Dinverno & Foltz LLC boosted its stake in Goldman Sachs Group, Inc. (The) by 0.8% in the first quarter. Balasa Dinverno & Foltz LLC now owns 924 shares of the investment management company’s stock worth $212,000 after buying an additional 7 shares during the period. Finally, Guardian Life Insurance Co. of America boosted its position in Goldman Sachs Group, Inc. (The) by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,426 shares of the investment management company’s stock valued at $328,000 after buying an additional 8 shares during the last quarter. Institutional investors own 74.66% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (GS) traded up 0.33% on Friday, reaching $222.15. 3,149,324 shares of the company traded hands. The firm’s 50 day moving average is $225.59 and its 200 day moving average is $229.32. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15. The company has a market capitalization of $86.24 billion, a P/E ratio of 11.65 and a beta of 1.42.

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 for the quarter, beating the consensus estimate of $3.39 by $0.56. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates 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 revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $3.72 earnings per share. Analysts expect that Goldman Sachs Group, Inc. will post $18.23 earnings per share for the current fiscal year.

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

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GS has been the topic of several recent research reports. Vetr cut shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $191.87 price objective on the stock. in a research note on Monday, April 24th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. Citigroup Inc. reiterated a “neutral” rating and issued a $225.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, June 28th. HSBC Holdings plc reiterated a “buy” rating and issued a $275.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, April 25th. Finally, BidaskClub cut shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $235.44.

In related news, 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 value of $4,156,328.70. Following the sale, the executive vice president now directly owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Viniar sold 4,590 shares of Goldman Sachs Group, Inc. (The) 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 sale, the director now directly owns 854,925 shares in the company, valued at $194,743,365.75. The disclosure for this sale can be found here. Insiders sold 25,535 shares of company stock worth $5,956,868 over the last ninety days. 2.57% of the stock is currently 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.

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

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