Schrum Private Wealth Management LLC Has $415,000 Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Schrum Private Wealth Management LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 42.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 724 shares of the investment management company’s stock after selling 524 shares during the period. Schrum Private Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $415,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vestmark Advisory Solutions Inc. grew its holdings in The Goldman Sachs Group by 11.6% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 6,307 shares of the investment management company’s stock valued at $3,612,000 after purchasing an additional 656 shares during the last quarter. Freestone Capital Holdings LLC boosted its holdings in shares of The Goldman Sachs Group by 5.1% during the 4th quarter. Freestone Capital Holdings LLC now owns 907 shares of the investment management company’s stock worth $520,000 after buying an additional 44 shares during the period. Lindbrook Capital LLC grew its stake in The Goldman Sachs Group by 1.3% in the 4th quarter. Lindbrook Capital LLC now owns 1,704 shares of the investment management company’s stock valued at $976,000 after buying an additional 22 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. bought a new position in The Goldman Sachs Group in the 4th quarter worth $229,000. Finally, Raymond James Financial Inc. acquired a new position in The Goldman Sachs Group during the 4th quarter worth $624,844,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 2.2 %

Shares of GS opened at $594.05 on Thursday. The Goldman Sachs Group, Inc. has a 52-week low of $381.42 and a 52-week high of $672.19. The firm has a market cap of $185.37 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 0.89 and a beta of 1.37. 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 business’s fifty day moving average is $617.59 and its 200-day moving average is $564.89.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 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 analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.48 earnings per share. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.02%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares in the company, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kevin R. Johnson bought 2,400 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the acquisition, the director now directly owns 2,400 shares in the company, valued at $1,485,648. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 19,925 shares of company stock valued at $12,630,683. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price objective for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $591.69.

The Goldman Sachs Group 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.