Field & Main Bank Purchases 33 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Field & Main Bank boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,701 shares of the investment management company’s stock after acquiring an additional 33 shares during the quarter. Field & Main Bank’s holdings in The Goldman Sachs Group were worth $2,692,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GS. West Branch Capital LLC purchased a new stake in shares of The Goldman Sachs Group during the third quarter valued at $30,000. DT Investment Partners LLC boosted its holdings in shares of The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the period. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group during the 3rd quarter valued at $34,000. Country Trust Bank purchased a new stake in The Goldman Sachs Group during the third quarter worth $37,000. Finally, Capital Performance Advisors LLP bought a new stake in The Goldman Sachs Group during the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity

In related news, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares of the company’s stock, valued at $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares of the company’s stock, valued at $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,657 shares of company stock valued at $21,973,272. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GS has been the subject of a number of analyst reports. Bank of America upped their price objective on 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. UBS Group upped their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Barclays upped their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Citigroup boosted their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Finally, Morgan Stanley boosted their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $591.06.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $643.66 on Wednesday. The Goldman Sachs Group, Inc. has a 52 week low of $375.20 and a 52 week high of $645.54. The company has a fifty day simple moving average of $593.22 and a two-hundred day simple moving average of $538.70. The company has a market cap of $202.05 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period last year, the firm earned $5.48 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.86%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

The Goldman Sachs Group Company Profile

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.