American National Insurance Co. TX Has $13,070,000 Position in Goldman Sachs Group, Inc. (The) (NYSE:GS)

American National Insurance Co. TX continued to hold its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,900 shares of the investment management company’s stock at the end of the second quarter. American National Insurance Co. TX’s holdings in Goldman Sachs Group, Inc. (The) were worth $13,070,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Goldman Sachs Group, Inc. (The) by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after buying an additional 23,847,154 shares during the last quarter. Dodge & Cox acquired a new position in shares of Goldman Sachs Group, Inc. (The) during the fourth quarter valued at about $3,399,521,000. New England Asset Management Inc. increased its stake in shares of Goldman Sachs Group, Inc. (The) by 440.8% in the first quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock valued at $535,492,000 after buying an additional 1,900,000 shares during the last quarter. Norges Bank purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the fourth quarter valued at $389,380,000. Finally, Alliancebernstein L.P. increased its stake in shares of Goldman Sachs Group, Inc. (The) by 84.4% in the first quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company’s stock valued at $739,978,000 after buying an additional 1,474,433 shares during the last quarter. 73.72% of the stock is currently owned by institutional investors.

Goldman Sachs Group, Inc. (GS) opened at 224.15 on Friday. 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 $225.05 and a 200-day moving average of $229.72. The firm has a market cap of $87.02 billion, a price-to-earnings ratio of 11.75 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted 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 during the quarter, compared to analyst estimates of $7.47 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.72 earnings per share. On average, analysts expect that Goldman Sachs Group, Inc. will post $18.20 EPS for the current year.

The business 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 $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.34%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.74%.

Goldman Sachs Group, Inc. (The) declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 18th that allows the company to buyback 50,000,000 outstanding shares. This buyback authorization allows the investment management company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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GS has been the topic of several analyst reports. HSBC Holdings plc reaffirmed a “buy” rating and issued a $275.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, April 25th. UBS AG reaffirmed a “buy” rating and issued a $285.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 19th. Bank of America Corporation lowered their target price on shares of Goldman Sachs Group, Inc. (The) from $275.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, April 19th. Credit Suisse Group reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 19th. Finally, Keefe, Bruyette & Woods set a $260.00 target price on shares of Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a report on Saturday, May 6th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $235.44.

In other news, EVP John F.W. Rogers sold 17,685 shares of 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 value of $4,156,328.70. Following the completion of the sale, the executive vice president now directly owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The transaction was disclosed in a legal filing 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 sale, the insider now directly owns 177,594 shares of the company’s stock, valued at $41,128,994.46. The disclosure for this sale can be found here. Insiders sold 25,535 shares of company stock valued at $5,956,868 over the last three months. 2.57% of the stock is owned by insiders.

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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