Dimensional Fund Advisors LP Has $1.08 Billion Stock Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Dimensional Fund Advisors LP reduced its stake in The Goldman Sachs Group by 6.9%, selling 146,286 shares, and now holds approximately 0.65% of the company valued at $1.08 billion.
• Company insiders, including EVP John F.W. Rogers and CEO David M. Solomon, have sold a total of 20,079 shares worth about $14.4 million in recent transactions.
• The Goldman Sachs Group reported robust quarterly earnings of $10.91 EPS, surpassing analyst expectations, along with a recent dividend increase to $4.00 per share, reflecting positive financial performance.

Dimensional Fund Advisors LP cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,980,476 shares of the investment management company's stock after selling 146,286 shares during the period. Dimensional Fund Advisors LP owned 0.65% of The Goldman Sachs Group worth $1,081,794,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GS. Deutsche Bank AG increased its stake in shares of The Goldman Sachs Group by 15.4% during the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock valued at $594,412,000 after acquiring an additional 138,198 shares during the period. Clear Creek Financial Management LLC acquired a new position in shares of The Goldman Sachs Group during the 1st quarter valued at $321,000. Blueshift Asset Management LLC raised its stake in shares of The Goldman Sachs Group by 161.8% in the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company's stock worth $576,000 after buying an additional 652 shares in the last quarter. Adams Diversified Equity Fund Inc. lifted its holdings in shares of The Goldman Sachs Group by 41.5% in the first quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock valued at $27,205,000 after buying an additional 14,600 shares during the period. Finally, Terra Nova Asset Management LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at about $1,643,000. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

GS stock traded down $9.45 during trading on Tuesday, reaching $721.51. 1,549,296 shares of the stock were exchanged, compared to its average volume of 2,544,504. The stock has a 50 day simple moving average of $697.14 and a 200-day simple moving average of $618.14. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The company has a market capitalization of $218.42 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $749.05.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The Goldman Sachs Group's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $8.62 EPS. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be issued a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's payout ratio is 26.44%.

Insider Activity

In other news, CEO David M. Solomon sold 6,608 shares of the company's stock in a transaction that occurred 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 approximately $89,876,426.56. This represents a 4.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John F.W. Rogers sold 6,008 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the transaction, the executive vice president owned 65,761 shares of the company's stock, valued at $47,176,283.79. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,079 shares of company stock worth $14,423,221. Corporate insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GS. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the stock an "outperform" rating in a report on Thursday, July 10th. Citigroup increased their price target on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. JMP Securities reiterated a "market perform" rating and set a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. Morgan Stanley lifted their price objective on The Goldman Sachs Group from $680.00 to $715.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Finally, Zacks Research raised shares of The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $660.00.

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.