Canada Pension Plan Investment Board Sells 86,900 Shares of Goldman Sachs Group, Inc. (The) (GS)

Canada Pension Plan Investment Board cut its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 776,564 shares of the investment management company’s stock after selling 86,900 shares during the quarter. Canada Pension Plan Investment Board owned about 0.19% of Goldman Sachs Group, Inc. (The) worth $172,320,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GS. WealthTrust Arizona LLC increased its stake in Goldman Sachs Group, Inc. (The) by 97.1% during the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after buying an additional 231 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in Goldman Sachs Group, Inc. (The) during the 2nd quarter valued at about $111,000. Parallel Advisors LLC increased its stake in Goldman Sachs Group, Inc. (The) by 10.7% during the 1st quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock valued at $126,000 after buying an additional 54 shares during the period. Security Asset Management acquired a new position in Goldman Sachs Group, Inc. (The) during the 2nd quarter valued at about $128,000. Finally, Carroll Financial Associates Inc. increased its stake in Goldman Sachs Group, Inc. (The) by 4.1% during the 2nd quarter. Carroll Financial Associates Inc. now owns 586 shares of the investment management company’s stock valued at $130,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 73.38% of the company’s stock.

In other Goldman Sachs Group, Inc. (The) news, 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 transaction of $1,045,556.10. Following the completion of the sale, the director now owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David M. Solomon sold 3,260 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $231.59, for a total value of $754,983.40. Following the sale, the insider now directly owns 177,594 shares of the company’s stock, valued at approximately $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 in the last ninety days. Insiders own 2.57% of the company’s stock.

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Goldman Sachs Group, Inc. (NYSE:GS) opened at 225.22 on Friday. 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 $224.17 and its 200-day moving average is $226.39. The company has a market cap of $87.43 billion, a price-to-earnings ratio of 11.81 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. During the same quarter last year, the firm posted $3.72 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, equities research analysts anticipate that Goldman Sachs Group, Inc. will post $18.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.33%. The ex-dividend date is Tuesday, August 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is 15.74%.

Several equities analysts have commented on GS shares. Deutsche Bank AG reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 3rd. Citigroup Inc. reissued a “neutral” rating and set a $225.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, June 28th. BidaskClub cut shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Capital One Financial Corporation reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus 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.

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

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