Valley National Advisers Inc. Has $118,000 Position in Goldman Sachs Group, Inc. (The) (NYSE:GS)

Valley National Advisers Inc. decreased its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 40.0% during the first quarter, Holdings Channel reports. The institutional investor owned 514 shares of the investment management company’s stock after selling 342 shares during the period. Valley National Advisers Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $118,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its stake in shares of Goldman Sachs Group, Inc. (The) by 84.4% in the first quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company’s stock valued at $739,978,000 after buying an additional 1,474,433 shares during the last quarter. FMR LLC increased its stake in shares of 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 last quarter. Vanguard Group Inc. increased its stake 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. Canada Pension Plan Investment Board increased its stake in shares of Goldman Sachs Group, Inc. (The) by 130.3% in the first quarter. Canada Pension Plan Investment Board now owns 863,464 shares of the investment management company’s stock valued at $198,355,000 after buying an additional 488,597 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Goldman Sachs Group, Inc. (The) by 172.3% in the first quarter. Acadian Asset Management LLC now owns 604,117 shares of the investment management company’s stock valued at $138,779,000 after buying an additional 382,284 shares during the last quarter. Institutional investors and hedge funds own 73.72% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE GS) traded up 0.15% on Tuesday, reaching $233.26. The company’s stock had a trading volume of 328,191 shares. The company has a market cap of $93.98 billion, a P/E ratio of 12.23 and a beta of 1.42. The company has a 50 day moving average price of $224.01 and a 200 day moving average price of $229.94. Goldman Sachs Group, Inc. has a 52-week low of $156.18 and a 52-week high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping analysts’ consensus estimates of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a return on equity of 11.25% and a net margin of 26.44%. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. During the same quarter last year, the company posted $3.72 earnings per share. Goldman Sachs Group, Inc. (The)’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts anticipate that Goldman Sachs Group, Inc. will post $18.19 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.29%. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.74%.

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A number of analysts have recently commented on GS shares. UBS AG reissued a “buy” rating and issued a $285.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 19th. Keefe, Bruyette & Woods set a $260.00 price objective on Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research note on Saturday, May 6th. BidaskClub raised Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Vetr raised Goldman Sachs Group, Inc. (The) from a “strong sell” rating to a “buy” rating and set a $233.49 price objective on the stock in a research note on Wednesday, June 7th. Finally, Instinet reissued a “neutral” rating and issued a $205.00 price objective (down previously from $214.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Saturday, June 3rd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) has an average rating of “Hold” and a consensus target price of $235.25.

In related news, Director David A. Viniar sold 4,590 shares of Goldman Sachs Group, Inc. (The) stock in a transaction dated 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 transaction, the director now owns 854,925 shares in the company, valued at $194,743,365.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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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