Chicago Capital LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 43.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,135 shares of the investment management company's stock after purchasing an additional 648 shares during the quarter. Chicago Capital LLC's holdings in The Goldman Sachs Group were worth $1,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in GS. West Branch Capital LLC bought a new position in The Goldman Sachs Group during the third quarter valued at $30,000. DT Investment Partners LLC lifted its position in shares of The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company's stock valued at $31,000 after buying an additional 33 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of The Goldman Sachs Group during the 3rd quarter worth $34,000. Country Trust Bank purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth about $37,000. Finally, Capital Performance Advisors LLP bought a new stake in The Goldman Sachs Group in the 3rd quarter valued at about $38,000. 71.21% of the stock is owned by hedge funds and other institutional investors.
The Goldman Sachs Group Price Performance
Shares of NYSE:GS traded up $2.11 during trading on Tuesday, reaching $634.48. The company had a trading volume of 1,743,131 shares, compared to its average volume of 2,593,334. The company has a fifty day moving average of $596.65 and a two-hundred day moving average of $542.74. 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 stock 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, Inc. has a 12 month low of $375.20 and a 12 month high of $650.00.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts' consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $13.87 billion for the quarter, compared to analysts' expectations of $12.36 billion. During the same quarter in the prior year, the firm earned $5.48 earnings per share. The firm's revenue was up 22.5% on a year-over-year basis. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio is currently 29.59%.
Insider Buying and Selling at The Goldman Sachs Group
In related news, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the sale, the treasurer now directly owns 4,552 shares in the company, valued at $2,898,440.48. This represents a 44.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,865 shares of company stock worth $25,286,862 over the last ninety days. Insiders own 0.57% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on GS. Bank of America lifted 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 research note on Wednesday, October 16th. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a "neutral" rating in a research note on Thursday, November 21st. Hsbc Global Res downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 26th. JMP Securities lifted their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 9th. Finally, UBS Group increased their price objective 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. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $591.06.
Check Out Our Latest Stock Report on GS
The Goldman Sachs Group Company Profile
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Free Report)
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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