North Star Investment Management Corp. Raises Stake in Goldman Sachs Group, Inc. (The) (GS)

North Star Investment Management Corp. boosted its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 24.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,592 shares of the investment management company’s stock after buying an additional 696 shares during the period. North Star Investment Management Corp.’s holdings in Goldman Sachs Group, Inc. (The) were worth $797,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of Goldman Sachs Group, Inc. (The) by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after buying an additional 23,847,154 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Goldman Sachs Group, Inc. (The) by 4.4% in the first quarter. Vanguard Group Inc. now owns 23,768,377 shares of the investment management company’s stock valued at $5,460,072,000 after buying an additional 1,001,162 shares during the last quarter. State Street Corp raised its stake in Goldman Sachs Group, Inc. (The) by 2.7% in the first quarter. State Street Corp now owns 22,851,344 shares of the investment management company’s stock valued at $5,249,408,000 after buying an additional 603,165 shares during the period. FMR LLC raised its stake in Goldman Sachs Group, Inc. (The) by 10.9% in the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock valued at $2,525,869,000 after buying an additional 1,084,624 shares during the period. Finally, Geode Capital Management LLC raised its stake in Goldman Sachs Group, Inc. (The) by 8.4% in the first quarter. Geode Capital Management LLC now owns 3,743,111 shares of the investment management company’s stock valued at $858,692,000 after buying an additional 289,159 shares during the period. 73.86% of the stock is owned by institutional investors.

Shares of Goldman Sachs Group, Inc. (NYSE GS) traded down 0.32% during trading on Wednesday, hitting $226.27. 1,863,150 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $224.01 and its 200-day moving average price is $229.94. The stock has a market cap of $91.16 billion, a PE ratio of 11.86 and a beta of 1.42. Goldman Sachs Group, Inc. has a 1-year low of $156.18 and a 1-year high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its 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. 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 return on equity of 11.25% and a net margin of 26.44%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $3.72 EPS. On average, equities analysts expect that Goldman Sachs Group, Inc. will post $18.21 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors 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 yield of 1.33%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.74%.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by [[site]] and is owned by of [[site]]. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at [[permalink]].

Several research firms recently weighed in on GS. Royal Bank Of Canada dropped their price objective on shares of Goldman Sachs Group, Inc. (The) from $250.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 19th. UBS AG restated a “buy” rating and issued a $285.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 19th. Atlantic Securities upgraded shares of Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and raised their price target for the company from $214.00 to $254.00 in a research note on Thursday, April 20th. Keefe, Bruyette & Woods set a $260.00 price target on shares of Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research note on Saturday, May 6th. Finally, JMP Securities reiterated a “market perform” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 19th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) presently has a consensus rating of “Hold” and a consensus price target of $235.25.

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.