Goldman Sachs Group, Inc. (The) (GS) Shares Sold by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC cut its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,761 shares of the investment management company’s stock after selling 103 shares during the period. Abner Herrman & Brock LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $2,610,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased 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 valued at $5,644,114,000 after buying an additional 23,847,154 shares during the period. Vanguard Group Inc. increased its position in shares of 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 worth $5,460,072,000 after purchasing an additional 1,001,162 shares during the last quarter. State Street Corp increased its position in shares of Goldman Sachs Group, Inc. (The) by 2.7% in 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 purchasing an additional 603,165 shares during the last quarter. FMR LLC increased its position in shares of 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 worth $2,525,869,000 after purchasing an additional 1,084,624 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Goldman Sachs Group, Inc. (The) by 8.4% in the first quarter. Geode Capital Management LLC now owns 3,743,111 shares of the investment management company’s stock worth $858,692,000 after purchasing an additional 289,159 shares during the last quarter. Hedge funds and other institutional investors own 73.38% of the company’s stock.

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In other news, EVP John F.W. Rogers sold 17,685 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the completion of the transaction, the executive vice president now directly owns 80,109 shares in the company, valued at $18,827,217.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David A. Viniar sold 4,590 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 854,925 shares of the company’s stock, valued at $194,743,365.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,535 shares of company stock valued at $5,956,868. Company insiders own 2.57% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded down 1.09% on Friday, reaching $224.37. The company’s stock had a trading volume of 2,221,046 shares. The firm has a 50 day moving average price of $224.06 and a 200-day moving average price of $226.56. Goldman Sachs Group, Inc. has a 12-month low of $157.77 and a 12-month high of $255.15. The stock has a market cap of $87.10 billion, a PE ratio of 11.76 and a beta of 1.42.

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, topping the consensus estimate of $3.39 by $0.56. The company had revenue of $7.89 billion during 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 firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.72 earnings per share. Equities research analysts expect that Goldman Sachs Group, Inc. will post $18.18 EPS for the current year.

The company also recently declared 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. The ex-dividend date is Tuesday, August 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.32%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.

Several research analysts recently weighed in on GS shares. J P Morgan Chase & Co restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, May 29th. Keefe, Bruyette & Woods set a $260.00 target price on Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, June 8th. Vetr raised Goldman Sachs Group, Inc. (The) from a “strong sell” rating to a “buy” rating and set a $233.49 target price for the company in a research note on Wednesday, June 7th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. Finally, Capital One Financial Corporation reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Goldman Sachs Group, Inc. (The) currently has a consensus rating of “Hold” and an average target price of $235.44.

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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