1,801 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Purchased by Heartland Bank & Trust Co

Heartland Bank & Trust Co purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,801 shares of the investment management company's stock, valued at approximately $984,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of The Goldman Sachs Group by 63,864.7% during the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after purchasing an additional 3,970,467 shares during the period. Norges Bank acquired a new position in The Goldman Sachs Group in the fourth quarter valued at $1,603,315,000. Castlekeep Investment Advisors LLC purchased a new position in The Goldman Sachs Group during the fourth quarter worth about $944,334,000. Raymond James Financial Inc. acquired a new stake in The Goldman Sachs Group in the 4th quarter worth about $624,844,000. Finally, Proficio Capital Partners LLC boosted its stake in The Goldman Sachs Group by 14,007.0% in the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock worth $606,815,000 after buying an additional 1,052,204 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS traded up $7.76 during midday trading on Wednesday, hitting $669.87. 1,566,117 shares of the stock traded hands, compared to its average volume of 2,375,652. The business's 50 day moving average price is $587.73 and its two-hundred day moving average price is $585.16. The firm has a market capitalization of $205.54 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 0.90 and a beta of 1.32. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period last year, the firm posted $11.58 EPS. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.79%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GS shares. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a research report on Monday. Wall Street Zen downgraded shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Finally, Daiwa America cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus price target of $595.67.

About The Goldman Sachs Group

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.