New Jersey Better Educational Savings Trust Has $777,000 Position in Goldman Sachs Group, Inc. (The) (GS)

New Jersey Better Educational Savings Trust increased its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 16.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,500 shares of the investment management company’s stock after buying an additional 500 shares during the period. New Jersey Better Educational Savings Trust’s holdings in Goldman Sachs Group, Inc. (The) were worth $777,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. WealthTrust Arizona LLC lifted its holdings 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 worth $104,000 after buying an additional 231 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at approximately $111,000. Parallel Advisors LLC increased its holdings in shares of Goldman Sachs Group, Inc. (The) by 10.7% in the 1st quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock valued at $126,000 after acquiring an additional 54 shares during the last quarter. Security Asset Management acquired a new stake in shares of Goldman Sachs Group, Inc. (The) during the 2nd quarter valued at approximately $128,000. Finally, Carroll Financial Associates Inc. raised its position in shares of 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 acquiring an additional 23 shares in the last quarter. 73.31% of the stock is currently owned by hedge funds and other institutional investors.

Goldman Sachs Group, Inc. (NYSE:GS) opened at 237.19 on Monday. The company has a market cap of $92.08 billion, a PE ratio of 12.44 and a beta of 1.42. The firm has a 50 day moving average price of $224.38 and a 200 day moving average price of $225.69. Goldman Sachs Group, Inc. has a 12-month low of $157.80 and a 12-month high of $255.15.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.72 EPS. On average, analysts anticipate that Goldman Sachs Group, Inc. will post $18.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st were paid a $0.75 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.26%. Goldman Sachs Group, Inc. (The)’s payout ratio is presently 15.74%.

GS has been the topic of a number of research reports. BidaskClub cut shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Buckingham Research reaffirmed a “neutral” rating and issued a $243.00 price target (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 10th. Wells Fargo & Company initiated coverage on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price objective on the stock. Berenberg Bank reissued a “sell” rating and issued a $190.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Friday, July 21st. Finally, Credit Suisse Group lifted their target price on Goldman Sachs Group, Inc. (The) from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) presently has an average rating of “Hold” and an average price target of $237.04.

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In related news, EVP John F.W. Rogers sold 17,685 shares of the company’s stock in a transaction dated 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 owns 80,109 shares in the company, valued at $18,827,217.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Viniar sold 4,590 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was 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 in the company, valued at approximately $194,743,365.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,535 shares of company stock worth $5,956,868. 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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