First Midwest Bank Trust Division Sells 789 Shares of Goldman Sachs Group, Inc. (The) (NYSE:GS)

First Midwest Bank Trust Division cut its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 29.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,924 shares of the investment management company’s stock after selling 789 shares during the period. First Midwest Bank Trust Division’s holdings in Goldman Sachs Group, Inc. (The) were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GS. Beese Fulmer Investment Management Inc. increased its position in shares of Goldman Sachs Group, Inc. (The) by 1.2% in the first quarter. Beese Fulmer Investment Management Inc. now owns 17,696 shares of the investment management company’s stock worth $4,065,000 after buying an additional 207 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth approximately $743,000. Hartwell J M Limited Partnership increased its position in shares of Goldman Sachs Group, Inc. (The) by 125.8% in the first quarter. Hartwell J M Limited Partnership now owns 6,775 shares of the investment management company’s stock worth $1,556,000 after buying an additional 3,775 shares in the last quarter. Addison Capital Co purchased a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth approximately $460,000. Finally, Doyle Wealth Management purchased a new position in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth approximately $8,901,000. Hedge funds and other institutional investors own 73.72% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded down 0.60% during mid-day trading on Friday, hitting $224.15. The company’s stock had a trading volume of 2,956,601 shares. The stock has a 50-day moving average of $225.05 and a 200-day moving average of $229.72. Goldman Sachs Group, Inc. has a 12-month low of $157.77 and a 12-month high of $255.15. The company has a market cap of $87.02 billion, a PE ratio of 11.75 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. During the same period in the previous year, the firm posted $3.72 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts forecast that Goldman Sachs Group, Inc. will post $18.20 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.34%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.74%.

Goldman Sachs Group, Inc. (The) declared that its board has approved a stock buyback plan on Tuesday, April 18th that allows the company to repurchase 50,000,000 shares. This repurchase authorization allows the investment management company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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Several equities analysts have recently issued reports on the stock. UBS AG restated a “buy” rating and set a $285.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 19th. 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 report on Saturday, May 6th. BidaskClub upgraded shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. HSBC Holdings plc downgraded shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and upped their price objective for the company from $223.80 to $250.00 in a report on Friday. Finally, Wells Fargo & Company assumed coverage on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday. They set an “outperform” rating and a $265.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $235.44.

In other news, Director David A. Viniar sold 4,590 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now directly owns 854,925 shares of the company’s stock, valued at $194,743,365.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the executive vice president now owns 80,109 shares of the company’s stock, valued at $18,827,217.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,535 shares of company stock valued at $5,956,868. 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.

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

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