The Goldman Sachs Group, Inc. $GS Shares Purchased by Schnieders Capital Management LLC

Schnieders Capital Management LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 9.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 821 shares of the investment management company’s stock after acquiring an additional 70 shares during the quarter. Schnieders Capital Management LLC’s holdings in The Goldman Sachs Group were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. WBH Advisory Inc. increased its stake in shares of The Goldman Sachs Group by 104.2% in the second quarter. WBH Advisory Inc. now owns 980 shares of the investment management company’s stock worth $694,000 after acquiring an additional 500 shares during the period. Stephens Inc. AR increased its stake in shares of The Goldman Sachs Group by 3.9% in the second quarter. Stephens Inc. AR now owns 62,536 shares of the investment management company’s stock worth $44,260,000 after acquiring an additional 2,367 shares during the period. Calamos Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 45.5% in the second quarter. Calamos Wealth Management LLC now owns 7,758 shares of the investment management company’s stock worth $5,491,000 after acquiring an additional 2,427 shares during the period. Cidel Asset Management Inc. grew its position in The Goldman Sachs Group by 1.0% during the second quarter. Cidel Asset Management Inc. now owns 2,171 shares of the investment management company’s stock valued at $1,537,000 after buying an additional 21 shares during the period. Finally, Forvis Mazars Wealth Advisors LLC grew its position in The Goldman Sachs Group by 14.2% during the second quarter. Forvis Mazars Wealth Advisors LLC now owns 3,053 shares of the investment management company’s stock valued at $2,161,000 after buying an additional 379 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GS. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Daiwa Capital Markets raised their price target on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Morgan Stanley dropped their price target on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research report on Wednesday. HSBC raised their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Finally, Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Four analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $771.00.

The Goldman Sachs Group Stock Down 1.0%

NYSE GS opened at $750.71 on Monday. The business’s fifty day simple moving average is $765.25 and its 200-day simple moving average is $671.52. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The firm has a market cap of $227.25 billion, a PE ratio of 15.25, a P/E/G ratio of 1.39 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $825.25.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter last year, the firm earned $8.40 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a $4.00 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 2.1%. The Goldman Sachs Group’s payout ratio is presently 32.50%.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 7,463 shares of the company’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the sale, the chief financial officer owned 18,594 shares of the company’s stock, valued at approximately $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Solomon sold 6,608 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the sale, the chief executive officer directly owned 126,176 shares in the company, valued at $89,876,426.56. This represents a 4.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock worth $28,111,828 in the last ninety days. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Company Profile

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 Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.