Chicago Partners Investment Group LLC Acquires 981 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Chicago Partners Investment Group LLC grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 80.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,193 shares of the investment management company's stock after buying an additional 981 shares during the period. Chicago Partners Investment Group LLC's holdings in The Goldman Sachs Group were worth $1,272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. West Branch Capital LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at $30,000. DT Investment Partners LLC increased its holdings in The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company's stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. Truvestments Capital LLC acquired a new position in The Goldman Sachs Group in the third quarter valued at about $34,000. Country Trust Bank acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth about $37,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $38,000. Institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

GS has been the topic of several analyst reports. Bank of America increased their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. HSBC cut shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and upped their price target for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Oppenheimer cut their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on The Goldman Sachs Group from $686.00 to $690.00 and gave the company an "outperform" rating in a research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $591.06.

The Goldman Sachs Group Stock Performance

NYSE:GS traded up $2.11 on Tuesday, hitting $634.48. The company's stock had a trading volume of 1,743,131 shares, compared to its average volume of 2,593,334. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a one year low of $375.20 and a one year high of $650.00. The stock has a fifty day moving average of $596.65 and a two-hundred day moving average of $542.74. The firm has a market capitalization of $196.97 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate 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 company's revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm earned $5.48 earnings per share. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio is presently 29.59%.

Insider Activity

In other news, EVP John F.W. Rogers sold 6,416 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the transaction, the executive vice president now directly owns 57,614 shares of the company's stock, valued at approximately $34,358,685.04. This trade represents a 10.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer Carey Halio sold 3,640 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares of the company's stock, valued at approximately $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,865 shares of company stock valued at $25,286,862. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Company 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.