Chicago Partners Investment Group LLC Has $1.27 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Chicago Partners Investment Group LLC increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 80.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,193 shares of the investment management company’s stock after purchasing 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 quarter.

Other hedge funds have also bought and sold shares of the company. West Branch Capital LLC bought a new stake in The Goldman Sachs Group during the third quarter worth $30,000. DT Investment Partners LLC boosted its holdings in 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 worth $31,000 after acquiring an additional 33 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth $34,000. Country Trust Bank purchased a new stake in shares of The Goldman Sachs Group in the third quarter valued at about $37,000. Finally, Capital Performance Advisors LLP bought a new position in shares of The Goldman Sachs Group during the third quarter valued at about $38,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $640.15 on Monday. 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 stock has a market capitalization of $198.73 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 52-week low of $375.20 and a 52-week high of $650.00. The stock’s 50-day simple moving average is $596.07 and its 200 day simple moving average is $541.43.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period last year, the business earned $5.48 earnings per share. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.1 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of 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. Bank of America lifted their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays upped their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $591.06.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the sale, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 2,034 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at $4,047,349.55. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,865 shares of company stock worth $25,286,862. Insiders own 0.54% of the company’s stock.

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.