Cooper Financial Group Has $283,000 Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Cooper Financial Group boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 32.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 953 shares of the investment management company’s stock after buying an additional 235 shares during the quarter. Cooper Financial Group’s holdings in The Goldman Sachs Group were worth $283,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Procyon Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 32.2% during the second quarter. Procyon Advisors LLC now owns 3,528 shares of the investment management company’s stock worth $1,048,000 after acquiring an additional 860 shares in the last quarter. Wedge Capital Management L L P NC increased its position in The Goldman Sachs Group by 3.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 96,750 shares of the investment management company’s stock worth $28,737,000 after purchasing an additional 2,803 shares during the last quarter. Brookstone Capital Management raised its stake in shares of The Goldman Sachs Group by 4.0% during the 2nd quarter. Brookstone Capital Management now owns 3,261 shares of the investment management company’s stock worth $967,000 after purchasing an additional 124 shares in the last quarter. Triangle Securities Wealth Management lifted its holdings in shares of The Goldman Sachs Group by 1.1% during the 2nd quarter. Triangle Securities Wealth Management now owns 8,679 shares of the investment management company’s stock valued at $2,578,000 after buying an additional 95 shares during the last quarter. Finally, Gradient Investments LLC grew its stake in shares of The Goldman Sachs Group by 79.2% in the 2nd quarter. Gradient Investments LLC now owns 64,289 shares of the investment management company’s stock valued at $19,095,000 after buying an additional 28,421 shares in the last quarter. Hedge funds and other institutional investors own 69.08% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director Goldman Sachs Group Inc sold 78,131 shares of The Goldman Sachs Group stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $27.01, for a total transaction of $2,110,318.31. Following the completion of the transaction, the director now directly owns 439,180 shares of the company’s stock, valued at approximately $11,862,251.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Goldman Sachs Group Inc sold 78,131 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $27.01, for a total transaction of $2,110,318.31. Following the completion of the sale, the director now directly owns 439,180 shares of the company’s stock, valued at approximately $11,862,251.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Philip R. Berlinski sold 8,000 shares of The Goldman Sachs Group stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $348.62, for a total value of $2,788,960.00. Following the completion of the transaction, the treasurer now owns 13,745 shares of the company’s stock, valued at approximately $4,791,781.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 793,689 shares of company stock valued at $23,413,742. 0.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays reduced their target price on shares of The Goldman Sachs Group from $505.00 to $450.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. Morgan Stanley reduced their price objective on shares of The Goldman Sachs Group from $418.00 to $354.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 12th. Citigroup lowered their target price on shares of The Goldman Sachs Group from $400.00 to $360.00 in a research report on Tuesday, July 12th. Bank of America raised The Goldman Sachs Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $360.00 to $380.00 in a research report on Wednesday, June 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on The Goldman Sachs Group from $430.00 to $370.00 and set a “hold” rating on the stock in a report on Monday, September 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and an average price target of $410.79.

The Goldman Sachs Group Stock Performance

GS opened at $326.21 on Monday. The stock’s 50 day simple moving average is $330.35 and its 200-day simple moving average is $320.93. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.34. The stock has a market cap of $111.35 billion, a PE ratio of 7.38, a P/E/G ratio of 0.75 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 1 year low of $277.84 and a 1 year high of $426.16.

The Goldman Sachs Group (NYSE:GSGet Rating) last announced its quarterly earnings results on Monday, July 18th. The investment management company reported $7.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.61 by $1.12. The Goldman Sachs Group had a net margin of 27.75% and a return on equity of 15.89%. The firm had revenue of $11.86 billion for the quarter, compared to analyst estimates of $10.70 billion. During the same quarter in the previous year, the firm posted $15.02 EPS. The business’s revenue for the quarter was down 22.9% on a year-over-year basis. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 34.18 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, August 10th. Shareholders of record on Tuesday, July 26th were given a $2.50 dividend. The ex-dividend date of this dividend was Monday, July 25th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 22.61%.

About The Goldman Sachs Group

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The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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

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