Choate Investment Advisors Has $286,000 Stake in Goldman Sachs Group, Inc. (The) (NYSE:GS)

Choate Investment Advisors maintained its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,245 shares of the investment management company’s stock at the end of the first quarter. Choate Investment Advisors’ holdings in Goldman Sachs Group, Inc. (The) were worth $286,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its stake in shares of 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 worth $198,355,000 after buying an additional 488,597 shares during the period. Acadian Asset Management LLC increased its stake in shares of 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 worth $138,779,000 after buying an additional 382,284 shares during the period. Teachers Advisors LLC increased its stake in shares of Goldman Sachs Group, Inc. (The) by 27.2% in the fourth quarter. Teachers Advisors LLC now owns 1,421,066 shares of the investment management company’s stock worth $340,274,000 after buying an additional 303,579 shares during the period. WestEnd Advisors LLC purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $52,299,000. Finally, Karp Capital Management Corp purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $38,922,000. 74.66% of the stock is currently owned by institutional investors and hedge funds.

Goldman Sachs Group, Inc. (NYSE GS) traded down 0.87% during mid-day trading on Wednesday, reaching $225.61. 2,392,890 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $225.55 and its 200-day moving average price is $229.49. Goldman Sachs Group, Inc. has a 52 week low of $157.77 and a 52 week high of $255.15. The company has a market capitalization of $87.58 billion, a P/E ratio of 11.83 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, beating the Thomson Reuters’ 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 business’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $3.72 EPS. On average, equities research analysts expect that Goldman Sachs Group, Inc. will post $18.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is currently 15.74%.

Goldman Sachs Group, Inc. (The) announced that its board has initiated a stock buyback plan on Tuesday, April 18th that permits the company to buyback 50,000,000 outstanding shares. This buyback authorization permits the investment management company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

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GS has been the subject of a number of research analyst reports. Vetr cut shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $191.87 price objective for the company. in a research report on Monday, April 24th. Citigroup Inc. upgraded shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating and set a $225.00 target price for the company in a research report on Wednesday, April 19th. Deutsche Bank AG reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 3rd. Atlantic Securities upgraded shares of Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and increased their target price for the company from $214.00 to $254.00 in a research report on Thursday, April 20th. Finally, HSBC Holdings plc reiterated a “buy” rating and issued a $275.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, April 25th. 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 issued a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) has a consensus rating of “Hold” and a consensus price target of $235.44.

In other news, EVP John F.W. Rogers sold 17,685 shares of the stock in a transaction that occurred 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 approximately $18,827,217.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David A. Viniar sold 4,590 shares of the 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 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 quarter, insiders have sold 25,535 shares of company stock valued at $5,956,868. Company insiders own 2.57% of the company’s stock.

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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