Schulhoff & Co. Inc. Purchases 325 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Schulhoff & Co. Inc. raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,829 shares of the investment management company’s stock after acquiring an additional 325 shares during the period. Schulhoff & Co. Inc.’s holdings in The Goldman Sachs Group were worth $1,620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GS. Stephens Consulting LLC purchased a new position in The Goldman Sachs Group during the 4th quarter worth $26,000. Asset Planning Inc acquired a new stake in The Goldman Sachs Group in the fourth quarter worth about $29,000. Truvestments Capital LLC purchased a new stake in shares of The Goldman Sachs Group during the third quarter worth about $34,000. Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $34,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $38,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on GS shares. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $690.00 to $660.00 in a research note on Thursday. Finally, Oppenheimer reduced their price objective on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average target price of $591.69.

The Goldman Sachs Group Trading Down 1.6 %

Shares of The Goldman Sachs Group stock opened at $607.99 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $381.42 and a fifty-two week high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $189.72 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The firm has a 50-day simple moving average of $615.62 and a two-hundred day simple moving average of $561.52.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.48 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Insiders Place Their Bets

In other news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total value of $965,115.15. Following the sale, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. This represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,925 shares of company stock worth $12,630,683. Company insiders own 0.57% of the company’s stock.

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.