Goldman Sachs Group, Inc. (The) (GS) Stake Cut by Liberty Mutual Group Asset Management Inc.

Liberty Mutual Group Asset Management Inc. cut its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 22.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,091 shares of the investment management company’s stock after selling 6,121 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $4,844,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Amarillo National Bank acquired a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $238,000. Campbell Newman Asset Management Inc. acquired a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $718,000. Private Trust Co. NA boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 52.7% in the first quarter. Private Trust Co. NA now owns 3,599 shares of the investment management company’s stock worth $826,000 after buying an additional 1,242 shares during the last quarter. Regentatlantic Capital LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 13.0% in the first quarter. Regentatlantic Capital LLC now owns 13,767 shares of the investment management company’s stock worth $3,163,000 after buying an additional 1,583 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 4.3% in the first quarter. Bank of Montreal Can now owns 294,932 shares of the investment management company’s stock worth $67,751,000 after buying an additional 12,094 shares during the last quarter. Institutional investors own 74.66% of the company’s stock.

Goldman Sachs Group, Inc. (GS) traded up 0.33% during mid-day trading on Friday, reaching $222.15. The company had a trading volume of 3,149,324 shares. Goldman Sachs Group, Inc. has a 52 week low of $157.77 and a 52 week high of $255.15. The firm has a market capitalization of $86.24 billion, a PE ratio of 11.65 and a beta of 1.42. The stock’s 50-day moving average price is $225.59 and its 200 day moving average price is $229.32.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.39 by $0.56. The business 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 business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.72 EPS. On average, equities research analysts predict that Goldman Sachs Group, Inc. will post $18.23 EPS for the current year.

The business 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 dividend on an annualized basis and a dividend yield of 1.35%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.

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GS has been the subject of several research analyst reports. Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. Capital One Financial Corporation reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, July 11th. J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, June 26th. Buckingham Research reaffirmed a “neutral” rating and issued a $243.00 price objective (up previously from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 10th. Finally, UBS AG downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating and upped their price objective for the company from $220.19 to $230.00 in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $235.44.

In other news, EVP John F.W. Rogers sold 17,685 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the completion of the sale, the executive vice president now owns 80,109 shares in the company, valued at $18,827,217.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Viniar sold 4,590 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the sale, the director now owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The disclosure for this sale can be found here. Insiders have sold 25,535 shares of company stock worth $5,956,868 in the last ninety days. 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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