Schwab Charles Investment Management Inc. Has $349.06 Million Position in Goldman Sachs (NYSE:GS)

Schwab Charles Investment Management Inc. increased its holdings in Goldman Sachs (NYSE:GS) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,385,940 shares of the investment management company’s stock after purchasing an additional 38,648 shares during the period. Schwab Charles Investment Management Inc. owned 0.36% of Goldman Sachs worth $349,063,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Eaton Vance Management increased its holdings in Goldman Sachs by 13.8% in the first quarter. Eaton Vance Management now owns 927,519 shares of the investment management company’s stock valued at $233,605,000 after buying an additional 112,355 shares during the last quarter. Wealthfront Inc. boosted its position in shares of Goldman Sachs by 13.6% during the first quarter. Wealthfront Inc. now owns 16,394 shares of the investment management company’s stock worth $4,129,000 after buying an additional 1,966 shares during the period. Stanley Capital Management LLC boosted its position in shares of Goldman Sachs by 6.4% during the first quarter. Stanley Capital Management LLC now owns 21,719 shares of the investment management company’s stock worth $5,470,000 after buying an additional 1,300 shares during the period. Parsons Capital Management Inc. RI lifted its position in Goldman Sachs by 143.2% in the first quarter. Parsons Capital Management Inc. RI now owns 3,448 shares of the investment management company’s stock worth $868,000 after purchasing an additional 2,030 shares during the period. Finally, Comerica Securities Inc. lifted its position in Goldman Sachs by 9.9% in the first quarter. Comerica Securities Inc. now owns 5,144 shares of the investment management company’s stock worth $1,296,000 after purchasing an additional 463 shares during the period. Hedge funds and other institutional investors own 73.48% of the company’s stock.

Shares of GS traded down $2.10 during trading hours on Friday, hitting $237.00. 2,698,990 shares of the stock were exchanged, compared to its average volume of 2,936,327. The stock has a market cap of $89.52 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 0.82 and a beta of 1.38. Goldman Sachs has a fifty-two week low of $209.62 and a fifty-two week high of $275.31. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.12.

Goldman Sachs (NYSE:GS) last released its quarterly earnings data on Tuesday, April 17th. The investment management company reported $6.95 earnings per share for the quarter, beating analysts’ consensus estimates of $5.58 by $1.37. The firm had revenue of $10.04 billion for the quarter, compared to analyst estimates of $8.73 billion. Goldman Sachs had a net margin of 14.27% and a return on equity of 12.58%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period last year, the firm earned $5.15 earnings per share. sell-side analysts anticipate that Goldman Sachs will post 23.27 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Thursday, May 31st will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Wednesday, May 30th. This is an increase from Goldman Sachs’s previous quarterly dividend of $0.75. Goldman Sachs’s dividend payout ratio (DPR) is 15.18%.

In other news, insider David M. Solomon sold 3,497 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $244.40, for a total value of $854,666.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian J. Lee sold 6,738 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $263.92, for a total transaction of $1,778,292.96. The disclosure for this sale can be found here. Insiders have sold 14,635 shares of company stock valued at $3,800,588 in the last 90 days. 2.57% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on GS shares. Wells Fargo set a $330.00 target price on shares of Goldman Sachs and gave the company a “buy” rating in a research note on Sunday, April 8th. Vetr cut shares of Goldman Sachs from a “hold” rating to a “sell” rating and set a $246.36 price objective for the company. in a report on Wednesday, February 14th. Sanford C. Bernstein assumed coverage on shares of Goldman Sachs in a report on Monday, April 9th. They set an “outperform” rating and a $300.00 price target for the company. Morgan Stanley increased their target price on shares of Goldman Sachs from $297.00 to $302.00 and gave the company an “overweight” rating in a research note on Thursday, March 15th. Finally, Zacks Investment Research lowered shares of Goldman Sachs from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $266.78.

Goldman Sachs Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

Institutional Ownership by Quarter for Goldman Sachs (NYSE:GS)

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