Obermeyer Wood Investment Counsel Lllp Sells 2,424 Shares of Goldman Sachs Group, Inc. (The) (GS)

Obermeyer Wood Investment Counsel Lllp decreased its holdings in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,544 shares of the investment management company’s stock after selling 2,424 shares during the period. Goldman Sachs Group, Inc. (The) accounts for about 4.2% of Obermeyer Wood Investment Counsel Lllp’s holdings, making the stock its 6th largest holding. Obermeyer Wood Investment Counsel Lllp owned about 0.05% of Goldman Sachs Group, Inc. (The) worth $47,385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Donaldson Capital Management LLC raised its position in Goldman Sachs Group, Inc. (The) by 1.6% during the 2nd quarter. Donaldson Capital Management LLC now owns 4,417 shares of the investment management company’s stock valued at $980,000 after purchasing an additional 69 shares during the last quarter. Rational Advisors LLC raised its position in Goldman Sachs Group, Inc. (The) by 201.6% during the 2nd quarter. Rational Advisors LLC now owns 3,450 shares of the investment management company’s stock valued at $765,000 after purchasing an additional 2,306 shares during the last quarter. Pinnacle Financial Partners Inc. bought a new position in Goldman Sachs Group, Inc. (The) during the 2nd quarter valued at approximately $849,000. United Asset Strategies Inc. raised its position in Goldman Sachs Group, Inc. (The) by 8.9% during the 2nd quarter. United Asset Strategies Inc. now owns 10,297 shares of the investment management company’s stock valued at $2,285,000 after purchasing an additional 839 shares during the last quarter. Finally, Signature Financial Management Inc. raised its position in Goldman Sachs Group, Inc. (The) by 12.6% during the 2nd quarter. Signature Financial Management Inc. now owns 3,424 shares of the investment management company’s stock valued at $759,000 after purchasing an additional 383 shares during the last quarter. 73.31% of the stock is owned by institutional investors and hedge funds.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at 229.79 on Thursday. The stock has a market capitalization of $89.21 billion, a P/E ratio of 12.05 and a beta of 1.42. The firm’s 50-day moving average price is $224.38 and its 200 day moving average price is $225.69. Goldman Sachs Group, Inc. has a 52 week low of $157.77 and a 52 week high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.39 by $0.56. The business had revenue of $7.89 billion for the quarter, compared to the consensus estimate 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 business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.72 earnings per share. Analysts expect that Goldman Sachs Group, Inc. will post $18.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s payout ratio is presently 15.74%.

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In other news, EVP John F.W. Rogers sold 17,685 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the transaction, the executive vice president now directly owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David A. Viniar sold 4,590 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total value of $1,045,556.10. Following the transaction, 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. Over the last ninety days, insiders have sold 25,535 shares of company stock worth $5,956,868. Insiders own 2.57% of the company’s stock.

A number of research analysts have commented on the company. J P Morgan Chase & Co set a $260.00 price target on Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research report on Friday, September 15th. JMP Securities reissued a “market perform” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, September 13th. TheStreet lowered Goldman Sachs Group, Inc. (The) from a “b” rating to a “c+” rating in a research report on Thursday, September 7th. Royal Bank Of Canada reissued a “hold” rating and issued a $240.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Thursday, August 31st. Finally, Zacks Investment Research raised Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $235.44.

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.

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

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