Morton Community Bank Acquires 262 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Morton Community Bank lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,817 shares of the investment management company’s stock after purchasing an additional 262 shares during the quarter. Morton Community Bank’s holdings in The Goldman Sachs Group were worth $3,904,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $26,000. Asset Planning Inc purchased a new stake in The Goldman Sachs Group in the fourth quarter worth approximately $29,000. Truvestments Capital LLC purchased a new stake in The Goldman Sachs Group in the third quarter worth approximately $34,000. Whipplewood Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth $37,000. Institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $636.74, for a total transaction of $2,317,733.60. Following the completion of the sale, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. The trade was a 44.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 19,925 shares of company stock valued at $12,630,683. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Citigroup raised their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. UBS Group boosted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a report on Friday, February 28th. Finally, Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus target price of $591.69.

The Goldman Sachs Group Stock Down 1.4 %

GS stock opened at $559.55 on Monday. The Goldman Sachs Group, Inc. has a one year low of $381.42 and a one year high of $672.19. The stock has a market capitalization of $174.60 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a fifty day moving average of $616.96 and a 200-day moving average of $566.25.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period last year, the firm posted $5.48 EPS. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.14%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

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.