Cypress Asset Management Inc. TX Buys 1,449 Shares of Goldman Sachs Group, Inc. (The) (GS)

Cypress Asset Management Inc. TX raised its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 7.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,599 shares of the investment management company’s stock after buying an additional 1,449 shares during the period. Cypress Asset Management Inc. TX’s holdings in Goldman Sachs Group, Inc. (The) were worth $4,732,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GS. YorkBridge Wealth Partners LLC boosted its position in shares of 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 valued at $144,000 after buying an additional 2 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Goldman Sachs Group, Inc. (The) by 11.5% in the first quarter. Quadrant Capital Group LLC now owns 875 shares of the investment management company’s stock valued at $192,000 after buying an additional 90 shares in the last quarter. Cheviot Value Management LLC acquired a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at $203,000. Wealthsource Partners LLC acquired a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at $207,000. Finally, Haverford Trust Co. acquired a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at $210,000. 74.66% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs Group, Inc. (GS) opened at 222.15 on Friday. Goldman Sachs Group, Inc. has a 52-week low of $157.77 and a 52-week high of $255.15. The firm has a 50-day moving average price of $225.59 and a 200-day moving average price of $229.32. The company has a market cap of $86.24 billion, a PE ratio of 11.65 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.56. The firm had revenue of $7.89 billion for 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 company’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.72 EPS. On average, analysts forecast that Goldman Sachs Group, Inc. will post $18.23 EPS for the current year.

The company 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 1.35%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.

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Several brokerages have recently weighed in on GS. HSBC Holdings plc cut shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and raised their price target for the stock from $223.80 to $250.00 in a research note on Friday, August 11th. Wells Fargo & Company began coverage on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price target for the company. BidaskClub raised shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. UBS AG cut shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating and raised their target price for the company from $220.19 to $230.00 in a research note on Monday, July 24th. Finally, Berenberg Bank reissued a “sell” rating and issued a $190.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Goldman Sachs Group, Inc. (The) presently has an average rating of “Hold” and an average price target of $235.44.

In other news, Director David A. Viniar sold 4,590 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the transaction, the director now directly owns 854,925 shares in the company, valued at approximately $194,743,365.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David M. Solomon sold 3,260 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $231.59, for a total value of $754,983.40. Following the transaction, the insider now owns 177,594 shares in the company, valued at $41,128,994.46. The disclosure for this sale can be found here. Insiders have sold a total of 25,535 shares of company stock worth $5,956,868 over the last quarter. Corporate 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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