Orca Investment Management LLC Has $833,000 Holdings in Goldman Sachs Group, Inc. (The) (GS)

Orca Investment Management LLC continued to hold its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,755 shares of the investment management company’s stock at the close of the second quarter. Orca Investment Management LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of GS. Parallel Advisors LLC raised its stake 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 buying an additional 54 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake 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 buying an additional 2 shares in the last quarter. Franklin Parlapiano Turner & Welch LLC bought a new position in Goldman Sachs Group, Inc. (The) in the first quarter worth about $161,000. Vident Investment Advisory LLC bought a new position in Goldman Sachs Group, Inc. (The) in the first quarter worth about $392,000. Finally, Cheviot Value Management LLC bought a new position in Goldman Sachs Group, Inc. (The) in the first quarter worth about $203,000. 73.31% of the stock is owned by hedge funds and other institutional investors.

Goldman Sachs Group, Inc. (NYSE GS) opened at 231.03 on Friday. The company has a market cap of $89.69 billion, a P/E ratio of 12.11 and a beta of 1.42. Goldman Sachs Group, Inc. has a 12 month low of $157.77 and a 12 month high of $255.15. The company’s 50-day moving average is $224.38 and its 200-day moving average is $225.69.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.56. The company had revenue of $7.89 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.72 EPS. On average, equities research analysts expect that Goldman Sachs Group, Inc. will post $18.18 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.30%. The ex-dividend date is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.74%.

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In other news, EVP John F.W. Rogers sold 17,685 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total value of $4,156,328.70. Following the sale, the executive vice president now directly owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Viniar sold 4,590 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the sale, the director now directly owns 854,925 shares in the company, valued at $194,743,365.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,535 shares of company stock worth $5,956,868. 2.57% of the stock is owned by insiders.

GS has been the subject of a number of research reports. J P Morgan Chase & Co reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, May 29th. Keefe, Bruyette & Woods set a $260.00 price target on shares of Goldman Sachs Group, Inc. (The) and gave the stock 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 target for the company in a research note on Wednesday, June 7th. Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. Finally, Capital One Financial Corporation reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) currently has an average 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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