Charles Schwab Investment Management Inc. Raises Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Charles Schwab Investment Management Inc. boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,886,960 shares of the investment management company’s stock after buying an additional 38,847 shares during the period. Charles Schwab Investment Management Inc. owned 0.58% of The Goldman Sachs Group worth $727,933,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. boosted its position in The Goldman Sachs Group by 13.7% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock valued at $64,291,000 after purchasing an additional 20,018 shares in the last quarter. HTLF Bank purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $850,000. Wealth Alliance raised its stake in shares of The Goldman Sachs Group by 17.3% during the 4th quarter. Wealth Alliance now owns 1,035 shares of the investment management company’s stock worth $399,000 after acquiring an additional 153 shares in the last quarter. Trueblood Wealth Management LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $989,000. Finally, TBH Global Asset Management LLC grew its holdings in The Goldman Sachs Group by 2.0% in the third quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock worth $1,190,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.0 %

GS traded up $0.07 on Tuesday, hitting $443.74. 2,058,149 shares of the company were exchanged, compared to its average volume of 2,367,323. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The company has a market cap of $144.01 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The firm has a 50-day moving average price of $406.72 and a two-hundred day moving average price of $377.23. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $447.42.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same period in the prior year, the firm earned $8.79 earnings per share. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 36.07 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 Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.48%. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Insider Activity at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders have sold 29,330 shares of company stock valued at $11,713,578 over the last quarter. 0.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GS has been the subject of several analyst reports. Oppenheimer increased their price objective on The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. HSBC raised their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Company upped their price objective on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a report on Tuesday. JMP Securities lifted their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Finally, Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $410.00 to $430.00 in a report on Thursday, March 14th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $440.57.

The Goldman Sachs Group 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.