Eqis Capital Management Inc. Purchases Shares of 1,790 Goldman Sachs Group, Inc. (The) (NYSE:GS)

Eqis Capital Management Inc. purchased a new stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,790 shares of the investment management company’s stock, valued at approximately $397,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in Goldman Sachs Group, Inc. (The) by 10.7% in the first quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock worth $126,000 after purchasing an additional 54 shares in the last quarter. YorkBridge Wealth Partners LLC raised its position in Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 640 shares of the investment management company’s stock worth $144,000 after purchasing an additional 2 shares in the last quarter. Franklin Parlapiano Turner & Welch LLC acquired a new position in Goldman Sachs Group, Inc. (The) in the first quarter worth about $161,000. Cheviot Value Management LLC acquired a new position in Goldman Sachs Group, Inc. (The) in the first quarter worth about $203,000. Finally, Wealthsource Partners LLC acquired a new position in Goldman Sachs Group, Inc. (The) in the first quarter worth about $207,000. Institutional investors and hedge funds own 73.38% of the company’s stock.

Several analysts have recently weighed in on GS shares. J P Morgan Chase & Co reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, May 29th. Keefe, Bruyette & Woods set a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research note on Thursday, June 8th. Vetr raised shares of Goldman Sachs Group, Inc. (The) from a “strong sell” rating to a “buy” rating and set a $233.49 price objective on the stock 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 research analyst has rated the stock with a sell rating, eighteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $235.44.

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Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded down 0.8288% during mid-day trading on Friday, hitting $224.9699. 2,379,627 shares of the company traded hands. The stock has a market capitalization of $87.34 billion, a price-to-earnings ratio of 11.7952 and a beta of 1.42. The firm has a 50-day moving average of $224.06 and a 200-day moving average of $226.56. Goldman Sachs Group, Inc. has a one year low of $157.77 and a one year high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.56. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate 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 company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.72 EPS. On average, equities analysts predict that Goldman Sachs Group, Inc. will post $18.18 earnings per share for the current year.

The company also recently announced 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 of this dividend is Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.32%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.

In related 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 value of $4,156,328.70. Following the completion of the sale, the executive vice president now directly owns 80,109 shares in the company, valued at $18,827,217.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David M. Solomon sold 3,260 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $231.59, for a total value of $754,983.40. Following the completion of the sale, the insider now owns 177,594 shares of the company’s stock, valued at $41,128,994.46. The disclosure for this sale can be found here. Insiders have sold a total of 25,535 shares of company stock valued at $5,956,868 over the last quarter. Corporate 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.

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

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