Franklin Resources Inc. Sells 12,661 Shares of Goldman Sachs Group, Inc. (The) (GS)

Franklin Resources Inc. reduced its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 17.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,521 shares of the investment management company’s stock after selling 12,661 shares during the quarter. Franklin Resources Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $13,429,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Eaton Vance Management lifted its position in shares of Goldman Sachs Group, Inc. (The) by 1.1% in the second quarter. Eaton Vance Management now owns 1,153,265 shares of the investment management company’s stock valued at $255,910,000 after acquiring an additional 12,495 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Goldman Sachs Group, Inc. (The) in the second quarter valued at $101,000. CIBC World Markets Inc. lifted its position in shares of Goldman Sachs Group, Inc. (The) by 20.7% in the second quarter. CIBC World Markets Inc. now owns 167,879 shares of the investment management company’s stock valued at $37,252,000 after acquiring an additional 28,776 shares in the last quarter. Tredje AP fonden lifted its position in shares of Goldman Sachs Group, Inc. (The) by 14.0% in the second quarter. Tredje AP fonden now owns 36,132 shares of the investment management company’s stock valued at $8,018,000 after acquiring an additional 4,440 shares in the last quarter. Finally, Exencial Wealth Advisors LLC lifted its position in shares of Goldman Sachs Group, Inc. (The) by 1.2% in the second quarter. Exencial Wealth Advisors LLC now owns 1,900 shares of the investment management company’s stock valued at $422,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 73.31% of the company’s stock.

Several analysts have recently issued reports on GS shares. Deutsche Bank AG restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 3rd. Citigroup Inc. restated a “neutral” rating and issued a $225.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, June 28th. BidaskClub downgraded Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada restated a “hold” rating and issued a $240.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Thursday, August 31st. Finally, Capital One Financial Corporation restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $240.09.

Shares of Goldman Sachs Group, Inc. (GS) opened at 239.80 on Friday. The firm has a market cap of $93.09 billion, a price-to-earnings ratio of 12.57 and a beta of 1.41. The stock has a 50 day moving average price of $230.04 and a 200-day moving average price of $225.25. Goldman Sachs Group, Inc. has a 1-year low of $168.45 and a 1-year high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, topping 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 company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. During the same quarter in the previous year, the firm earned $3.72 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities research analysts expect that Goldman Sachs Group, Inc. will post $18.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.25%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.

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In other Goldman Sachs Group, Inc. (The) news, EVP John F.W. Rogers sold 17,685 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was 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 owns 80,109 shares of the company’s stock, 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 business’s stock in a transaction dated Tuesday, August 1st. The stock was 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 approximately $194,743,365.75. The disclosure for this sale can be found here. Insiders sold 25,535 shares of company stock valued at $5,956,868 in the last ninety days. Insiders own 2.57% of the company’s stock.

Goldman Sachs Group, Inc. (The) Company Profile

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.

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Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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