The Goldman Sachs Group, Inc. (NYSE:GS) Stock Holdings Decreased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in The Goldman Sachs Group, Inc. by 0.5%, holding approximately 1,926,253 shares valued at over $1 billion.
• Goldman Sachs reported a Q2 EPS of $10.91, exceeding analysts' expectations, with revenue up 14.5% year-over-year at $14.58 billion.
• The company has increased its quarterly dividend from $3.00 to $4.00 per share, representing a 2.2% dividend yield.

Charles Schwab Investment Management Inc. decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,926,253 shares of the investment management company's stock after selling 10,600 shares during the period. Charles Schwab Investment Management Inc. owned about 0.63% of The Goldman Sachs Group worth $1,052,293,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Deutsche Bank AG grew its position in shares of The Goldman Sachs Group by 15.4% in the 4th quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after acquiring an additional 138,198 shares in the last quarter. Clear Creek Financial Management LLC acquired a new position in The Goldman Sachs Group in the first quarter worth $321,000. Adams Diversified Equity Fund Inc. increased its stake in The Goldman Sachs Group by 41.5% during 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 purchasing an additional 14,600 shares during the last quarter. Terra Nova Asset Management LLC bought a new stake in The Goldman Sachs Group during the first quarter valued at $1,643,000. Finally, Strategic Blueprint LLC raised its holdings in shares of The Goldman Sachs Group by 15.2% during the first quarter. Strategic Blueprint LLC now owns 3,271 shares of the investment management company's stock worth $1,787,000 after purchasing an additional 432 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

GS stock opened at $724.30 on Thursday. The company has a 50-day simple moving average of $676.78 and a 200 day simple moving average of $613.11. The company has a market capitalization of $219.26 billion, a P/E ratio of 15.96, a PEG ratio of 1.53 and a beta of 1.38. The company has a quick ratio of 0.68, a current ratio of 0.67 and a debt-to-equity ratio of 2.57. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $737.88.

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

The Goldman Sachs Group Increases Dividend

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

Insider Activity

In other news, CFO Denis P. Coleman sold 7,463 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $724.40, for a total value 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. The trade was a 28.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John F.W. Rogers sold 6,008 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total value of $4,310,079.12. Following the transaction, the executive vice president directly owned 65,761 shares of the company's stock, valued at $47,176,283.79. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,079 shares of company stock worth $14,423,221. 0.55% of the stock is owned by company insiders.

Analyst Ratings Changes

GS has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a research report on Thursday, July 17th. Evercore ISI set a $715.00 target price on The Goldman Sachs Group and gave the company an "outperform" rating in a research note on Thursday, July 10th. Hsbc Global Res cut The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Finally, Barclays dropped their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $660.00.

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.

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