Schechter Investment Advisors LLC Sells 903 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Schechter Investment Advisors LLC lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 17.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,236 shares of the investment management company's stock after selling 903 shares during the period. Schechter Investment Advisors LLC's holdings in The Goldman Sachs Group were worth $2,314,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GS. New York State Common Retirement Fund raised its position in shares of The Goldman Sachs Group by 0.8% during the 1st quarter. New York State Common Retirement Fund now owns 418,712 shares of the investment management company's stock valued at $228,738,000 after buying an additional 3,400 shares in the last quarter. Arizona State Retirement System increased its stake in The Goldman Sachs Group by 0.6% in the first quarter. Arizona State Retirement System now owns 92,123 shares of the investment management company's stock valued at $50,326,000 after acquiring an additional 582 shares during the last quarter. Realta Investment Advisors raised its position in The Goldman Sachs Group by 29.3% during the first quarter. Realta Investment Advisors now owns 1,497 shares of the investment management company's stock valued at $818,000 after purchasing an additional 339 shares in the last quarter. Nikulski Financial Inc. raised its position in The Goldman Sachs Group by 1.4% during the first quarter. Nikulski Financial Inc. now owns 3,508 shares of the investment management company's stock valued at $1,917,000 after purchasing an additional 50 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in The Goldman Sachs Group by 4.5% during the first quarter. Kathmere Capital Management LLC now owns 1,534 shares of the investment management company's stock worth $838,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Insider Buying and Selling

In related news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director directly owned 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Trading Down 0.7%

Shares of NYSE:GS traded down $5.01 during midday trading on Friday, hitting $704.11. 1,681,679 shares of the stock traded hands, compared to its average volume of 2,388,916. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The business's 50 day moving average is $632.13 and its two-hundred day moving average is $596.48. The stock has a market capitalization of $216.05 billion, a PE ratio of 16.34, a P/E/G ratio of 0.96 and a beta of 1.35. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same quarter in the previous year, the business earned $11.58 EPS. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were issued a dividend of $3.00 per share. The ex-dividend date was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.70%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Analysts Set New Price Targets

Several brokerages have recently commented on GS. HSBC reiterated a "reduce" rating and set a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Hsbc Global Res cut shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday. Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $614.00.

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.