Chicago Partners Investment Group LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 16.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,264 shares of the investment management company's stock after buying an additional 473 shares during the quarter. Chicago Partners Investment Group LLC's holdings in The Goldman Sachs Group were worth $2,342,000 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. Canada Pension Plan Investment Board boosted its holdings in shares of The Goldman Sachs Group by 28.6% in the first quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company's stock worth $286,418,000 after buying an additional 116,535 shares during the last quarter. Clear Creek Financial Management LLC purchased a new position in The Goldman Sachs Group during the first quarter valued at approximately $321,000. Blueshift Asset Management LLC lifted its holdings in The Goldman Sachs Group by 161.8% during the first quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company's stock valued at $576,000 after purchasing an additional 652 shares in the last quarter. Adams Diversified Equity Fund Inc. lifted its holdings in The Goldman Sachs Group by 41.5% during the first quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock valued at $27,205,000 after purchasing an additional 14,600 shares in the last quarter. Finally, Terra Nova Asset Management LLC purchased a new position in The Goldman Sachs Group during the first quarter valued at approximately $1,643,000. Hedge funds and other institutional investors own 71.21% of the company's stock.
Insider Buying and Selling at The Goldman Sachs Group
In related news, EVP John F.W. Rogers sold 6,008 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the sale, the executive vice president owned 65,761 shares of the company's stock, valued at $47,176,283.79. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Denis P. Coleman sold 7,463 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the sale, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock worth $28,111,828 in the last ninety days. Company insiders own 0.55% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on GS shares. HSBC lifted their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Royal Bank Of Canada reaffirmed a "neutral" rating and set a $843.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Barclays lifted their price target on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the company an "overweight" rating in a report on Wednesday. Evercore ISI lifted their price target on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an "outperform" rating in a report on Tuesday, September 30th. Finally, Citigroup boosted their target price on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a "neutral" rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $771.00.
Check Out Our Latest Stock Analysis on GS
The Goldman Sachs Group Price Performance
GS stock opened at $750.71 on Monday. The company has a market capitalization of $227.25 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. The company's fifty day moving average price is $765.25 and its 200-day moving average price is $671.52. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.27 by $1.98. The company had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The Goldman Sachs Group's revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.40 earnings per share. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.
The Goldman Sachs Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 2.1%. The Goldman Sachs Group's dividend payout ratio is presently 32.50%.
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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