Field & Main Bank Sells 75 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Field & Main Bank cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,626 shares of the investment management company’s stock after selling 75 shares during the period. Field & Main Bank’s holdings in The Goldman Sachs Group were worth $2,527,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Pointe Capital Management LLC raised its holdings in The Goldman Sachs Group by 1.0% in the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company’s stock valued at $951,000 after buying an additional 16 shares during the period. Delta Financial Advisors LLC increased its position in shares of The Goldman Sachs Group by 0.3% during the fourth quarter. Delta Financial Advisors LLC now owns 6,861 shares of the investment management company’s stock valued at $3,929,000 after acquiring an additional 18 shares during the last quarter. Prestige Wealth Management Group LLC raised its stake in shares of The Goldman Sachs Group by 1.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company’s stock valued at $950,000 after acquiring an additional 18 shares during the period. Wynn Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 0.3% in the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company’s stock worth $3,211,000 after acquiring an additional 20 shares during the last quarter. Finally, 1900 Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 2.6% during the 1st quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company’s stock worth $425,000 after purchasing an additional 20 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Up 2.3%

Shares of NYSE GS opened at $661.73 on Wednesday. The business has a 50-day moving average of $587.73 and a two-hundred day moving average of $585.16. The company has a market capitalization of $203.05 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 0.88 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the company posted $11.58 earnings per share. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 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 Friday, June 27th. Investors of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.85%.

Analyst Upgrades and Downgrades

GS has been the topic of a number of research reports. Wall Street Zen cut The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. Barclays decreased their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Evercore ISI dropped their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. JPMorgan Chase & Co. reduced their price target on shares of 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, Morgan Stanley raised their price objective on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the company an “equal weight” rating in a research note on Monday. 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. Based on data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and an average target price 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.