Dearborn Partners LLC Takes Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Dearborn Partners LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 603 shares of the investment management company's stock, valued at approximately $345,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GS. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $26,000. Asset Planning Inc bought a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Truvestments Capital LLC purchased a new position in The Goldman Sachs Group during the third quarter valued at approximately $34,000. Whipplewood Advisors LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $37,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $531.59 on Wednesday. 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 Goldman Sachs Group, Inc. has a fifty-two week low of $383.41 and a fifty-two week high of $672.19. The firm has a market capitalization of $165.88 billion, a PE ratio of 13.11, a PEG ratio of 0.89 and a beta of 1.37. The stock's fifty day moving average is $615.30 and its 200 day moving average is $566.64.

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The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the prior year, the firm posted $5.48 EPS. The firm's revenue was up 22.5% compared to the same quarter last year. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 29.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GS shares. Citigroup increased their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a "neutral" rating in a research note on Thursday, November 21st. Wells Fargo & Company reiterated an "overweight" rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. UBS Group boosted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Barclays boosted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Finally, Hsbc Global Res cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $591.69.

Insiders Place Their Bets

In related news, Director Kevin R. Johnson bought 2,400 shares of the company's stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the transaction, the director now owns 2,400 shares of the company's stock, valued at $1,485,648. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was 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. The trade was a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock worth $12,630,683 in the last three months. Corporate insiders own 0.54% of the company's stock.

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.

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