2,204 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by HTLF Bank

HTLF Bank purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,204 shares of the investment management company’s stock, valued at approximately $850,000.

A number of other institutional investors and hedge funds have also modified their holdings of GS. BKM Wealth Management LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth $32,000. Cambridge Trust Co. lifted its stake in shares of The Goldman Sachs Group by 82.0% during the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after purchasing an additional 41 shares during the period. Truvestments Capital LLC lifted its stake in shares of The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after purchasing an additional 44 shares during the period. Pacific Center for Financial Services purchased a new position in shares of The Goldman Sachs Group during the 1st quarter worth $33,000. Finally, First Capital Advisors Group LLC. purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of several research reports. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price on the stock in a research report on Tuesday. Bank of America increased their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday. JMP Securities increased their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Citigroup increased their price target on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, BMO Capital Markets raised their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $434.93.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Insiders sold a total of 35,907 shares of company stock valued at $13,950,851 in the last quarter. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded up $1.98 during mid-day trading on Friday, hitting $405.09. The company’s stock had a trading volume of 820,263 shares, compared to its average volume of 2,348,258. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $131.46 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.31 and a beta of 1.43. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $419.20. The stock’s fifty day moving average price is $396.03 and its two-hundred day moving average price is $365.61.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analyst estimates 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 for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $8.79 EPS. Research analysts forecast that The Goldman Sachs Group, Inc. will post 35.15 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is presently 42.95%.

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.