Goldman Sachs Group, Inc. (The) (GS) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC cut its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 14.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,364 shares of the investment management company’s stock after selling 3,707 shares during the period. Sentry Investment Management LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $4,908,000 as of its most recent SEC filing.

Several other large investors 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 worth $144,000 after buying an additional 2 shares during the period. Vident Investment Advisory LLC bought a new stake in Goldman Sachs Group, Inc. (The) during the first quarter worth about $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 worth $192,000 after buying an additional 90 shares during the period. Cheviot Value Management LLC bought a new stake in Goldman Sachs Group, Inc. (The) during the first quarter worth about $203,000. Finally, Wealthsource Partners LLC bought a new stake in Goldman Sachs Group, Inc. (The) during the first quarter worth about $207,000. Institutional investors and hedge funds own 74.66% of the company’s stock.

Goldman Sachs Group, Inc. (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 50 day moving average price of $225.59 and a 200 day moving average price of $229.32. The company has a market capitalization 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.

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, beating the Thomson Reuters’ consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. The business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. During the same period last year, the business posted $3.72 EPS. Goldman Sachs Group, Inc. (The)’s revenue was down .6% on a year-over-year basis. Equities research analysts forecast that Goldman Sachs Group, Inc. will post $18.23 earnings per share for the current year.

The company also recently announced 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 currently 15.74%.

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A number of brokerages have weighed in on GS. Keefe, Bruyette & Woods set a $260.00 price objective on Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research note 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 report on Friday, August 11th. Wells Fargo & Company began coverage on Goldman Sachs Group, Inc. (The) in a report on Wednesday, August 9th. They set an “outperform” rating and a $265.00 target price on the stock. Vetr raised Goldman Sachs Group, Inc. (The) from a “strong sell” rating to a “buy” rating and set a $233.49 target price on the stock in a report on Wednesday, June 7th. Finally, Instinet reaffirmed a “neutral” rating and set a $205.00 target price (down previously from $214.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) has an average rating of “Hold” and an average target price of $235.44.

In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 4,590 shares of the firm’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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David M. Solomon sold 3,260 shares of the firm’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 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. Insiders sold a total of 25,535 shares of company stock valued at $5,956,868 over the last quarter. 2.57% of the stock is currently owned by company 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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