CHICAGO TRUST Co NA Acquires 38 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

CHICAGO TRUST Co NA grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 991 shares of the investment management company’s stock after purchasing an additional 38 shares during the quarter. CHICAGO TRUST Co NA’s holdings in The Goldman Sachs Group were worth $541,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GS. Pointe Capital Management LLC increased its position in The Goldman Sachs Group by 1.0% during the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company’s stock valued at $951,000 after acquiring an additional 16 shares during the last quarter. Blackston Financial Advisory Group LLC grew its stake in shares of The Goldman Sachs Group by 2.1% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 831 shares of the investment management company’s stock valued at $476,000 after purchasing an additional 17 shares during the period. Morris Financial Concepts Inc. increased its position in shares of The Goldman Sachs Group by 3.5% during the 4th quarter. Morris Financial Concepts Inc. now owns 536 shares of the investment management company’s stock valued at $307,000 after purchasing an additional 18 shares during the last quarter. Delta Financial Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 0.3% in the 4th quarter. Delta Financial Advisors LLC now owns 6,861 shares of the investment management company’s stock worth $3,929,000 after purchasing an additional 18 shares during the period. Finally, Prestige Wealth Management Group LLC boosted its holdings in shares of The Goldman Sachs Group by 1.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company’s stock worth $950,000 after buying an additional 18 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Trading Down 0.1%

Shares of GS stock opened at $613.29 on Tuesday. 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 $188.18 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The stock’s 50-day moving average price is $556.69 and its 200-day moving average price is $582.80.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter in the previous year, the company 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s payout ratio is 27.85%.

Wall Street Analyst Weigh In

A number of analysts have commented on GS shares. Royal Bank of Canada reduced their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a report on Tuesday, April 15th. Daiwa Capital Markets cut The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price on the stock. in a report on Friday, April 4th. Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the company an “equal weight” rating in a research report on Monday, April 7th. Wells Fargo & Company reduced their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Finally, JMP Securities lowered their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess bought 3,904 shares of the company’s stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by company insiders.

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.