Goldman Sachs Group, Inc. (The) (GS) Stake Raised by Abbrea Capital LLC

Abbrea Capital LLC lifted its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 55.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,477 shares of the investment management company’s stock after buying an additional 525 shares during the quarter. Abbrea Capital LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wedbush Securities Inc. increased its position in shares of Goldman Sachs Group, Inc. (The) by 10.0% during the second quarter. Wedbush Securities Inc. now owns 11,919 shares of the investment management company’s stock worth $2,645,000 after buying an additional 1,083 shares during the period. Pekin Singer Strauss Asset Management IL increased its position in shares of Goldman Sachs Group, Inc. (The) by 3.3% during the second quarter. Pekin Singer Strauss Asset Management IL now owns 1,023 shares of the investment management company’s stock worth $227,000 after buying an additional 33 shares during the period. First Mercantile Trust Co. increased its position in shares of Goldman Sachs Group, Inc. (The) by 400.0% during the second quarter. First Mercantile Trust Co. now owns 1,625 shares of the investment management company’s stock worth $361,000 after buying an additional 1,300 shares during the period. Wedge Capital Management L L P NC increased its position in shares of Goldman Sachs Group, Inc. (The) by 3.8% during the second quarter. Wedge Capital Management L L P NC now owns 138,144 shares of the investment management company’s stock worth $30,654,000 after buying an additional 5,117 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Goldman Sachs Group, Inc. (The) by 75.9% during the second quarter. First Trust Advisors LP now owns 97,985 shares of the investment management company’s stock worth $21,743,000 after buying an additional 42,295 shares during the period. Institutional investors own 73.31% of the company’s stock.

GS has been the subject of a number of research reports. 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 price target on shares of Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a report on Thursday, June 8th. Vetr upgraded shares of 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 report on Wednesday, June 7th. Deutsche Bank AG restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Finally, Capital One Financial Corporation restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $235.44.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/09/19/goldman-sachs-group-inc-the-gs-stake-raised-by-abbrea-capital-llc.html.

Shares of Goldman Sachs Group, Inc. (GS) opened at 227.53 on Tuesday. Goldman Sachs Group, Inc. has a 52-week low of $157.77 and a 52-week high of $255.15. The stock has a 50 day moving average of $224.28 and a 200 day moving average of $225.87. The company has a market cap of $88.33 billion, a price-to-earnings ratio of 11.93 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, topping 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 firm had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.47 billion. During the same quarter in the prior year, the business earned $3.72 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. On average, equities research analysts expect that Goldman Sachs Group, Inc. will post $18.18 EPS for the current year.

The firm also recently disclosed 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 1.32%. The ex-dividend date is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.

In other news, Director David A. Viniar sold 4,590 shares of the 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 approximately $194,743,365.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David M. Solomon sold 3,260 shares of the 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. Insiders sold a total of 25,535 shares of company stock worth $5,956,868 in the last quarter. Company insiders own 2.57% of the company’s stock.

Goldman Sachs Group, Inc. (The) 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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group, Inc. (The) (NYSE:GS).

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

Receive News & Ratings for Goldman Sachs Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply