Schnieders Capital Management LLC Buys Shares of 614 The Goldman Sachs Group, Inc. (NYSE:GS)

Schnieders Capital Management LLC bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 614 shares of the investment management company’s stock, valued at approximately $237,000.

Several other institutional investors have also modified their holdings of GS. Morgan Stanley grew its position in The Goldman Sachs Group by 7.8% in the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock valued at $1,842,192,000 after buying an additional 412,383 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in The Goldman Sachs Group by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 4,139,767 shares of the investment management company’s stock valued at $1,339,505,000 after buying an additional 41,488 shares in the last quarter. Northern Trust Corp lifted its stake in The Goldman Sachs Group by 3.2% during the third quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock valued at $1,080,676,000 after buying an additional 104,424 shares in the last quarter. Invesco Ltd. lifted its stake in The Goldman Sachs Group by 6.1% during the third quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock valued at $903,485,000 after buying an additional 159,512 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in The Goldman Sachs Group by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,848,113 shares of the investment management company’s stock valued at $597,994,000 after buying an additional 19,920 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GS. HSBC increased their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Bank of America increased their price objective on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. BMO Capital Markets increased their price objective on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. JMP Securities increased their price objective on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Finally, Royal Bank of Canada increased their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $434.93.

Insider Activity

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

The Goldman Sachs Group Trading Down 0.2 %

Shares of The Goldman Sachs Group stock traded down $0.96 during trading on Wednesday, hitting $423.04. 1,569,346 shares of the company were exchanged, compared to its average volume of 2,391,876. The firm has a market capitalization of $137.29 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 1.34 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $425.35. The firm’s fifty day moving average price is $397.82 and its 200 day moving average price is $368.58. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company earned $8.79 EPS. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) 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.