Two Sigma Securities LLC Purchases New Stake in Goldman Sachs Group, Inc. (The) (NYSE:GS)

Two Sigma Securities LLC purchased a new stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,138 shares of the investment management company’s stock, valued at approximately $1,180,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its stake in Goldman Sachs Group, Inc. (The) by 10.7% in the first quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock worth $126,000 after buying an additional 54 shares during the last quarter. 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 last quarter. Cheviot Value Management LLC acquired a new stake in Goldman Sachs Group, Inc. (The) during the first quarter worth $203,000. Wealthsource Partners LLC acquired a new stake in Goldman Sachs Group, Inc. (The) during the first quarter worth $207,000. Finally, Haverford Trust Co. acquired a new stake in Goldman Sachs Group, Inc. (The) during the first quarter worth $210,000. Institutional investors own 73.72% of the company’s stock.

Goldman Sachs Group, Inc. (NYSE GS) traded down 0.70% during midday trading on Friday, reaching $223.92. The company’s stock had a trading volume of 1,119,584 shares. Goldman Sachs Group, Inc. has a 1-year low of $157.77 and a 1-year high of $255.15. The firm has a market capitalization of $86.93 billion, a PE ratio of 11.74 and a beta of 1.42. The stock’s 50-day moving average price is $224.93 and its 200 day moving average price is $229.79.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.39 by $0.56. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.72 EPS. Equities analysts anticipate that Goldman Sachs Group, Inc. will post $18.20 EPS for the current fiscal 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 given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.

Goldman Sachs Group, Inc. (The) announced that its Board of Directors has initiated a share repurchase plan on Tuesday, April 18th that permits the company to repurchase 50,000,000 shares. This repurchase authorization permits the investment management company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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GS has been the topic of a number of recent analyst reports. Vetr lowered Goldman Sachs Group, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $191.87 target price on the stock. in a research note on Monday, April 24th. Citigroup Inc. upgraded Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating and set a $225.00 target price on the stock in a research note on Wednesday, April 19th. Deutsche Bank AG reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. Atlantic Securities upgraded Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $214.00 to $254.00 in a research note on Thursday, April 20th. Finally, HSBC Holdings plc reiterated a “buy” rating and issued a $275.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, April 25th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $235.44.

In related news, insider David M. Solomon sold 3,260 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $231.59, for a total value of $754,983.40. Following the completion of the sale, the insider now directly owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Viniar sold 4,590 shares of the company’s stock in a transaction dated 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 directly owns 854,925 shares of the company’s stock, 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 valued at $5,956,868. Insiders own 2.57% of the company’s stock.

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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