South Dakota Investment Council Reduces Position in Goldman Sachs Group, Inc. (The) (GS)

South Dakota Investment Council decreased its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 104,789 shares of the investment management company’s stock after selling 10,960 shares during the quarter. South Dakota Investment Council’s holdings in Goldman Sachs Group, Inc. (The) were worth $23,253,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Goldman Sachs Group, Inc. (The) by 3,301.2% during the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after acquiring an additional 23,847,154 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Goldman Sachs Group, Inc. (The) by 4.4% during the first quarter. Vanguard Group Inc. now owns 23,768,377 shares of the investment management company’s stock worth $5,460,072,000 after acquiring an additional 1,001,162 shares during the last quarter. State Street Corp boosted its position in shares of Goldman Sachs Group, Inc. (The) by 2.7% during the first quarter. State Street Corp now owns 22,851,344 shares of the investment management company’s stock worth $5,249,408,000 after acquiring an additional 603,165 shares during the last quarter. FMR LLC boosted its position in shares of Goldman Sachs Group, Inc. (The) by 10.9% during the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock worth $2,525,869,000 after acquiring an additional 1,084,624 shares during the last quarter. Finally, Greenhaven Associates Inc. boosted its position in shares of Goldman Sachs Group, Inc. (The) by 2.5% during the second quarter. Greenhaven Associates Inc. now owns 3,793,287 shares of the investment management company’s stock worth $841,730,000 after acquiring an additional 91,200 shares during the last quarter. Hedge funds and other institutional investors own 73.31% of the company’s stock.

In other Goldman Sachs Group, Inc. (The) news, insider David M. Solomon sold 3,260 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $231.59, for a total transaction of $754,983.40. Following the sale, the insider now directly owns 177,594 shares in the company, valued at $41,128,994.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $1,045,556.10. Following the sale, the director now owns 854,925 shares in the company, valued at $194,743,365.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,535 shares of company stock worth $5,956,868. 2.57% of the stock is owned by insiders.

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Goldman Sachs Group, Inc. (GS) opened at 239.80 on Friday. The company has a 50-day moving average of $230.04 and a 200 day moving average of $225.25. The stock has a market cap of $93.09 billion, a P/E ratio of 12.57 and a beta of 1.41. 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 issued its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) 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 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%. Goldman Sachs Group, Inc. (The)’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.72 EPS. Analysts predict that Goldman Sachs Group, Inc. will post $18.19 EPS for the current year.

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

GS has been the subject of a number of research reports. Royal Bank Of Canada restated a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, June 23rd. J P Morgan Chase & Co reaffirmed a “buy” rating and set a $260.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, June 26th. Credit Suisse Group upped their price target on shares of Goldman Sachs Group, Inc. (The) from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, June 28th. Citigroup Inc. reaffirmed a “neutral” rating and set a $225.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, June 28th. Finally, BidaskClub raised shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $240.09.

Goldman Sachs Group, Inc. (The) 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.

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

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