Chicago Partners Investment Group LLC Grows Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Chicago Partners Investment Group LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,212 shares of the investment management company’s stock after acquiring an additional 53 shares during the period. Chicago Partners Investment Group LLC’s holdings in The Goldman Sachs Group were worth $627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GS. Norden Group LLC bought a new stake in shares of The Goldman Sachs Group in the 1st quarter worth about $220,000. RiverPark Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the 1st quarter worth about $45,000. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of The Goldman Sachs Group by 34.2% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,256 shares of the investment management company’s stock worth $3,448,000 after purchasing an additional 2,103 shares during the last quarter. Rehmann Capital Advisory Group increased its position in shares of The Goldman Sachs Group by 3.3% in the 1st quarter. Rehmann Capital Advisory Group now owns 2,973 shares of the investment management company’s stock worth $1,242,000 after purchasing an additional 94 shares during the last quarter. Finally, Callan Capital LLC bought a new stake in shares of The Goldman Sachs Group in the 1st quarter worth about $273,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 1.5 %

The Goldman Sachs Group stock opened at $511.47 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 2.07. The firm has a 50-day moving average price of $502.52 and a two-hundred day moving average price of $478.89. The firm has a market capitalization of $161.52 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 0.75 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 52-week low of $319.66 and a 52-week high of $540.51.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.05%. The company had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same period in the previous year, the firm earned $5.47 EPS. The Goldman Sachs Group’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.35%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.21%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the sale, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on GS shares. JMP Securities lifted their price target on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Evercore ISI lifted their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Bank of America lifted their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Oppenheimer lifted their price target on shares of The Goldman Sachs Group from $577.00 to $614.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average target price of $524.69.

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.