Goldman Sachs Group, Inc. (The) (NYSE:GS) Stake Reduced by Ngam Advisors L.P.

Ngam Advisors L.P. reduced its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,891 shares of the investment management company’s stock after selling 6,526 shares during the period. Ngam Advisors L.P.’s holdings in Goldman Sachs Group, Inc. (The) were worth $28,460,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GS. YorkBridge Wealth Partners LLC raised 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 valued at $144,000 after buying an additional 2 shares during the period. Vident Investment Advisory LLC purchased a new stake in Goldman Sachs Group, Inc. (The) during the first quarter valued at $392,000. Quadrant Capital Group LLC raised 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 period. Cheviot Value Management LLC purchased a new stake in Goldman Sachs Group, Inc. (The) during the first quarter valued at $203,000. Finally, Wealthsource Partners LLC bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at about $207,000. 74.66% of the stock is currently owned by institutional investors.

Goldman Sachs Group, Inc. (GS) traded up 0.33% during mid-day trading on Friday, reaching $222.15. The company had a trading volume of 3,149,324 shares. The stock has a market cap of $86.24 billion, a PE ratio of 11.65 and a beta of 1.42. The firm’s 50-day moving average price is $225.59 and its 200-day moving average price is $229.32. Goldman Sachs Group, Inc. has a 12 month low of $157.77 and a 12 month high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.39 by $0.56. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.72 EPS. Equities research analysts forecast 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. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.35%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.

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Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods set a $260.00 target price on Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research report on Saturday, May 6th. HSBC Holdings plc downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and increased their target price for the stock from $223.80 to $250.00 in a research report on Friday, August 11th. Wells Fargo & Company began coverage on Goldman Sachs Group, Inc. (The) in a research report on Wednesday, August 9th. They set an “outperform” rating and a $265.00 target price on the stock. Vetr upgraded Goldman Sachs Group, Inc. (The) from a “strong sell” rating to a “buy” rating and set a $233.49 price target for the company in a research note on Wednesday, June 7th. Finally, Instinet reiterated a “neutral” rating and issued a $205.00 target price (down previously from $214.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $235.44.

In other news, EVP John F.W. Rogers sold 17,685 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the completion of the transaction, the executive vice president now directly owns 80,109 shares in the company, valued at approximately $18,827,217.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider David M. Solomon sold 3,260 shares of the firm’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 owns 177,594 shares of the company’s stock, valued at $41,128,994.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,535 shares of company stock valued at $5,956,868. Corporate insiders own 2.57% of the company’s stock.

Goldman Sachs Group, Inc. (The) Company Profile

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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