First American Bank Buys 2,732 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

First American Bank boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,892 shares of the investment management company’s stock after purchasing an additional 2,732 shares during the period. The Goldman Sachs Group makes up approximately 1.4% of First American Bank’s investment portfolio, making the stock its 17th biggest holding. First American Bank’s holdings in The Goldman Sachs Group were worth $20,552,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Stephens Consulting LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth about $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $29,000. Whipplewood Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $34,000. Truvestments Capital LLC bought a new position in shares of The Goldman Sachs Group during the third quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new position in The Goldman Sachs Group during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $690.00 to $660.00 in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Barclays boosted their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $591.69.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kevin R. Johnson acquired 2,400 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the acquisition, the director now directly owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 19,925 shares of company stock valued at $12,630,683 over the last quarter. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Trading Down 1.6 %

Shares of GS opened at $607.99 on Friday. The firm’s fifty day moving average is $615.62 and its two-hundred day moving average is $561.52. The stock has a market cap of $189.72 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. 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, Inc. has a 52-week low of $381.42 and a 52-week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the prior year, the company earned $5.48 EPS. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. Research 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.97%. The Goldman Sachs Group’s payout ratio is 29.59%.

The Goldman Sachs Group 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.