Shapiro Capital Management LLC Sells 250 Shares of Goldman Sachs Group, Inc. (The) (GS)

Shapiro Capital Management LLC lowered its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 17.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,200 shares of the investment management company’s stock after selling 250 shares during the period. Shapiro Capital Management LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GS. Vanguard Group Inc. increased its position in Goldman Sachs Group, Inc. (The) by 4.4% in the first quarter. Vanguard Group Inc. now owns 23,768,377 shares of the investment management company’s stock valued at $5,460,072,000 after buying an additional 1,001,162 shares during the last quarter. FMR LLC increased its position in Goldman Sachs Group, Inc. (The) by 10.9% in the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock valued at $2,525,869,000 after buying an additional 1,084,624 shares during the last quarter. Wellington Management Group LLP increased its position in Goldman Sachs Group, Inc. (The) by 0.9% in the first quarter. Wellington Management Group LLP now owns 3,585,864 shares of the investment management company’s stock valued at $823,745,000 after buying an additional 32,418 shares during the last quarter. Alliancebernstein L.P. increased its position in 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. Finally, Wells Fargo & Company MN boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 6.4% in the first quarter. Wells Fargo & Company MN now owns 2,177,944 shares of the investment management company’s stock worth $500,319,000 after buying an additional 130,825 shares during the period. 74.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at 222.15 on Friday. The firm’s 50 day moving average is $225.59 and its 200 day moving average is $229.32. The stock has a market capitalization of $86.24 billion, a price-to-earnings ratio of 11.65 and a beta of 1.42. Goldman Sachs Group, Inc. has a 12 month low of $157.77 and a 12 month high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. During the same period in the previous year, the firm earned $3.72 earnings per share. The company’s revenue was down .6% on a year-over-year basis. On average, equities analysts predict that Goldman Sachs Group, Inc. will post $18.23 earnings per share for the current fiscal 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 is currently 15.74%.

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A number of equities research analysts have recently commented on GS shares. Deutsche Bank AG reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 3rd. Capital One Financial Corporation restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, July 11th. J P Morgan Chase & Co restated a “buy” rating and set a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, June 26th. Buckingham Research restated a “neutral” rating and set a $243.00 price objective (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 10th. Finally, UBS AG cut shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $220.19 to $230.00 in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $235.44.

In related news, 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 transaction, the insider now directly owns 177,594 shares of the company’s stock, valued at $41,128,994.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Viniar sold 4,590 shares of the company’s stock in a transaction that occurred on 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 owns 854,925 shares in the company, 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 valued at $5,956,868 over the last ninety days. 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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