Field & Main Bank Grows Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Field & Main Bank grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,348 shares of the investment management company’s stock after purchasing an additional 45 shares during the quarter. Field & Main Bank’s holdings in The Goldman Sachs Group were worth $1,677,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of GS. Albert D Mason Inc. increased its holdings in The Goldman Sachs Group by 4.3% in the fourth quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after buying an additional 27 shares in the last quarter. Mayflower Financial Advisors LLC grew its position in shares of The Goldman Sachs Group by 1.4% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 28 shares during the last quarter. Avitas Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 0.7% in the fourth quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock valued at $1,711,000 after purchasing an additional 29 shares during the last quarter. Addison Advisors LLC grew its position in shares of The Goldman Sachs Group by 7.5% in the fourth quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock valued at $160,000 after purchasing an additional 29 shares during the last quarter. Finally, Samalin Investment Counsel LLC grew its position in shares of The Goldman Sachs Group by 3.5% in the third quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 30 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Up 0.8 %

The Goldman Sachs Group stock traded up $3.30 during midday trading on Monday, hitting $430.87. 2,456,550 shares of the stock were exchanged, compared to its average volume of 2,386,763. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $433.33. The firm has a market cap of $139.83 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.35 and a beta of 1.43. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The company has a 50 day moving average price of $401.20 and a two-hundred day moving average price of $371.75.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.79 EPS. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 35.86 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Analysts Set New Price Targets

Several research firms have recently commented on GS. Citigroup increased their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Royal Bank of Canada raised their target price on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 16th. UBS Group raised their target price on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Bank of America raised their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, HSBC raised their target price on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $434.93.

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.