Schear Investment Advisers LLC Decreases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Schear Investment Advisers LLC trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,875 shares of the investment management company’s stock after selling 41 shares during the period. Schear Investment Advisers LLC’s holdings in The Goldman Sachs Group were worth $1,109,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at about $759,531,000. Morgan Stanley boosted its stake in The Goldman Sachs Group by 40.0% during the fourth quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock worth $2,038,425,000 after acquiring an additional 1,696,350 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in The Goldman Sachs Group by 168,772.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,244,589 shares of the investment management company’s stock worth $427,367,000 after acquiring an additional 1,243,852 shares in the last quarter. Congress Wealth Management LLC DE raised its holdings in The Goldman Sachs Group by 27,076.5% in the third quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock worth $211,396,000 after buying an additional 650,918 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in The Goldman Sachs Group by 1,791.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 515,358 shares of the investment management company’s stock worth $168,579,000 after buying an additional 488,109 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,277 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total transaction of $2,763,877.37. Following the transaction, the insider now owns 6,501 shares in the company, valued at $2,469,144.81. The disclosure for this sale can be found here. Insiders have sold 35,907 shares of company stock valued at $13,950,851 in the last 90 days. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on GS. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Royal Bank of Canada boosted their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a report on Tuesday. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $434.93.

The Goldman Sachs Group Price Performance

GS stock traded up $1.89 during trading on Friday, hitting $405.00. 1,564,350 shares of the company’s stock traded hands, compared to its average volume of 2,358,196. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $419.20. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The business has a fifty day simple moving average of $396.03 and a 200 day simple moving average of $365.61. The stock has a market capitalization of $131.43 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 1.31 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the prior year, the firm posted $8.79 earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 35.15 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

About The Goldman Sachs Group

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.