Lingohr & Partner Asset Management GmbH decreased its position in Goldman Sachs Group Inc (NYSE:GS) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,436 shares of the investment management company’s stock after selling 400 shares during the quarter. Lingohr & Partner Asset Management GmbH’s holdings in Goldman Sachs Group were worth $1,420,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI raised its position in shares of Goldman Sachs Group by 6.3% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 110,521 shares of the investment management company’s stock valued at $24,378,000 after acquiring an additional 6,535 shares during the period. GAM Holding AG increased its stake in Goldman Sachs Group by 44.1% during the 2nd quarter. GAM Holding AG now owns 6,040 shares of the investment management company’s stock worth $1,332,000 after purchasing an additional 1,848 shares in the last quarter. HRS Investment Holdings LLC increased its stake in Goldman Sachs Group by 25.0% during the 2nd quarter. HRS Investment Holdings LLC now owns 12,500 shares of the investment management company’s stock worth $2,757,000 after purchasing an additional 2,500 shares in the last quarter. LMR Partners LLP increased its stake in Goldman Sachs Group by 330.8% during the 2nd quarter. LMR Partners LLP now owns 3,425 shares of the investment management company’s stock worth $755,000 after purchasing an additional 2,630 shares in the last quarter. Finally, Doyle Wealth Management increased its stake in Goldman Sachs Group by 1.5% during the 1st quarter. Doyle Wealth Management now owns 46,772 shares of the investment management company’s stock worth $11,780,000 after purchasing an additional 694 shares in the last quarter. 70.99% of the stock is currently owned by hedge funds and other institutional investors.

In other Goldman Sachs Group news, insider David M. Solomon sold 8,382 shares of Goldman Sachs Group stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $232.08, for a total value of $1,945,294.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David M. Solomon sold 8,488 shares of Goldman Sachs Group stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $237.92, for a total value of $2,019,464.96. The disclosure for this sale can be found here. 1.71% of the stock is owned by insiders.

Goldman Sachs Group stock traded down $1.77 during mid-day trading on Friday, hitting $225.71. 1,722,402 shares of the company’s stock traded hands, compared to its average volume of 3,098,073. Goldman Sachs Group Inc has a fifty-two week low of $218.89 and a fifty-two week high of $275.31. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $84.66 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 0.72 and a beta of 1.28.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, July 17th. The investment management company reported $5.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.66 by $1.32. The company had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $8.74 billion. Goldman Sachs Group had a return on equity of 13.58% and a net margin of 15.72%. The company’s revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.95 earnings per share. As a group, equities analysts anticipate that Goldman Sachs Group Inc will post 24.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Thursday, August 30th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Wednesday, August 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 16.19%.

A number of analysts recently issued reports on GS shares. JPMorgan Chase & Co. reissued a “buy” rating and set a $285.00 target price on shares of Goldman Sachs Group in a research note on Monday, September 10th. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $259.00 price target for the company in a research note on Friday, July 20th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Goldman Sachs Group in a research note on Thursday, September 20th. Societe Generale raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating for the company in a research note on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $273.69.

About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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