Goldman Sachs Group, Inc. (The) (GS) Holdings Reduced by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 33.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,149 shares of the investment management company’s stock after selling 7,538 shares during the period. Advisors Asset Management Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $3,362,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GS. BlackRock Inc. boosted its stake in Goldman Sachs Group, Inc. (The) by 3,301.2% during the 1st quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after purchasing an additional 23,847,154 shares during the last quarter. New England Asset Management Inc. boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 440.8% in the 1st quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock worth $535,492,000 after buying an additional 1,900,000 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 84.4% in the 1st quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company’s stock worth $739,978,000 after buying an additional 1,474,433 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 22,290.9% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock worth $5,016,000 after buying an additional 1,108,079 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 10.9% in the 1st quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock worth $2,525,869,000 after buying an additional 1,084,624 shares during the last quarter. Institutional investors and hedge funds own 73.31% of the company’s stock.

In related news, Director David A. Viniar sold 4,590 shares of Goldman Sachs Group, Inc. (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 completion of the sale, the director now owns 854,925 shares in the company, valued at approximately $194,743,365.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John F.W. Rogers sold 17,685 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred on 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 sale, the executive vice president now owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. 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 in the last quarter. 2.57% of the stock is owned by insiders.

GS has been the topic of a number of research reports. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, June 12th. Royal Bank of Canada restated a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Thursday, August 31st. TheStreet downgraded Goldman Sachs Group, Inc. (The) from a “b” rating to a “c+” rating in a research note on Thursday, September 7th. Capital One Financial Corporation restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, July 11th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $225.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, June 28th. One 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 given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $235.44.

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Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at 228.91 on Wednesday. The stock has a market cap of $88.87 billion, a price-to-earnings ratio of 12.00 and a beta of 1.42. The company has a 50 day moving average price of $224.38 and a 200-day moving average price of $225.69. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share 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 firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. During the same quarter last year, the firm earned $3.72 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts predict that Goldman Sachs Group, Inc. will post $18.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.00 annualized dividend and a yield of 1.31%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.

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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