Bluestein R H & Co. Has $2.77 Million Position in Goldman Sachs Group, Inc. (The) (NYSE:GS)

Bluestein R H & Co. increased its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 863.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,045 shares of the investment management company’s stock after buying an additional 10,795 shares during the period. Bluestein R H & Co.’s holdings in Goldman Sachs Group, Inc. (The) were worth $2,767,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in GS. Alliancebernstein L.P. increased its stake 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 in the last quarter. FMR LLC increased its stake 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 in the last quarter. Vanguard Group Inc. increased its stake 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 in the last quarter. Canada Pension Plan Investment Board increased its stake in Goldman Sachs Group, Inc. (The) by 130.3% in the first quarter. Canada Pension Plan Investment Board now owns 863,464 shares of the investment management company’s stock valued at $198,355,000 after buying an additional 488,597 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Goldman Sachs Group, Inc. (The) by 172.3% in the first quarter. Acadian Asset Management LLC now owns 604,117 shares of the investment management company’s stock valued at $138,779,000 after buying an additional 382,284 shares in the last quarter. Institutional investors and hedge funds own 73.72% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (GS) traded up 0.13% on Tuesday, reaching $233.23. The company’s stock had a trading volume of 330,091 shares. The stock has a market capitalization of $93.97 billion, a price-to-earnings ratio of 12.23 and a beta of 1.42. Goldman Sachs Group, Inc. has a 52 week low of $156.18 and a 52 week high of $255.15. The stock has a 50-day moving average of $224.01 and a 200 day moving average of $229.94.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping the Zacks’ consensus estimate of $3.39 by $0.56. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.25% and a net margin of 26.44%. Goldman Sachs Group, Inc. (The)’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $3.72 EPS. On average, analysts expect that Goldman Sachs Group, Inc. will post $18.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors 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 yield of 1.29%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.

Goldman Sachs Group, Inc. (The) announced that its board has approved a share buyback program on Tuesday, April 18th that allows the company to buyback 50,000,000 outstanding shares. This buyback authorization allows the investment management company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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Several equities research analysts have issued reports on GS shares. Vetr downgraded Goldman Sachs Group, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $191.87 price objective on the stock. in a report on Monday, April 24th. Citigroup Inc. upgraded Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating and set a $225.00 price objective on the stock in a report on Wednesday, April 19th. Deutsche Bank AG restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Atlantic Securities upgraded Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $214.00 to $254.00 in a report on Thursday, April 20th. Finally, HSBC Holdings plc restated a “buy” rating and set a $275.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, April 25th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $235.25.

In related news, Director David A. Viniar sold 4,590 shares of the stock in a transaction that occurred on 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 directly owns 854,925 shares in the company, valued at approximately $194,743,365.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.57% of the stock is owned by corporate 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.

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

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