BlueCrest Capital Management Ltd cut its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 18.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,844 shares of the investment management company’s stock after selling 2,244 shares during the period. BlueCrest Capital Management Ltd’s holdings in Goldman Sachs Group, Inc. (The) were worth $2,184,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Quantbot Technologies LP raised its position in Goldman Sachs Group, Inc. (The) by 223.8% during the second quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock valued at $8,706,000 after purchasing an additional 27,121 shares during the period. Tudor Investment Corp ET AL raised its position in Goldman Sachs Group, Inc. (The) by 29.9% during the second quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock valued at $4,545,000 after purchasing an additional 4,714 shares during the period. YorkBridge Wealth Partners LLC raised its position in Goldman Sachs Group, Inc. (The) by 23.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock valued at $180,000 after purchasing an additional 152 shares during the period. Bank of Montreal Can raised its position in Goldman Sachs Group, Inc. (The) by 33.1% during the second quarter. Bank of Montreal Can now owns 392,464 shares of the investment management company’s stock valued at $87,090,000 after purchasing an additional 97,532 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new stake in Goldman Sachs Group, Inc. (The) during the second quarter valued at approximately $42,536,000. 73.21% of the stock is owned by institutional investors.

GS has been the topic of a number of recent research reports. Credit Suisse Group downgraded Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $240.00 to $255.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. Royal Bank Of Canada restated a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Thursday, August 31st. Keefe, Bruyette & Woods downgraded Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $260.00 to $240.00 in a research report on Wednesday, July 19th. BMO Capital Markets upped their price objective on Goldman Sachs Group, Inc. (The) from $202.00 to $217.00 and gave the company a “market perform” rating in a research report on Wednesday, October 18th. Finally, TheStreet downgraded Goldman Sachs Group, Inc. (The) from a “b” rating to a “c+” rating in a research report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) has a consensus rating of “Hold” and a consensus price target of $244.98.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping analysts’ consensus estimates of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a return on equity of 11.32% and a net margin of 26.42%. The business had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same quarter in the prior year, the company earned $4.88 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.63%.

In other news, insider Harvey M. Schwartz sold 25,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.00, for a total transaction of $6,125,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John F.W. Rogers sold 17,685 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 80,109 shares in the company, valued at approximately $18,827,217.18. The disclosure for this sale can be found here. Insiders have sold 58,289 shares of company stock worth $14,036,920 in the last ninety days. Corporate insiders own 2.57% of the company’s stock.

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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.

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

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