CHICAGO TRUST Co NA Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

CHICAGO TRUST Co NA increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 70.1% in the third quarter, Holdings Channel reports. The firm owned 920 shares of the investment management company’s stock after acquiring an additional 379 shares during the period. CHICAGO TRUST Co NA’s holdings in The Goldman Sachs Group were worth $456,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. American Trust purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $272,000. Scarborough Advisors LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $57,000. EP Wealth Advisors LLC raised its stake in shares of The Goldman Sachs Group by 25.4% during the fourth quarter. EP Wealth Advisors LLC now owns 3,649 shares of the investment management company’s stock valued at $1,408,000 after purchasing an additional 740 shares during the period. Pineridge Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth $29,000. Finally, Richardson Financial Services Inc. acquired a new stake in The Goldman Sachs Group during the 4th quarter valued at $41,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on GS. JMP Securities boosted their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. BMO Capital Markets raised their price objective on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research note on Wednesday, July 17th. Seaport Res Ptn lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Finally, Citigroup raised their price target on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $504.75.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $516.30 on Monday. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $166.49 billion, a PE ratio of 20.16, a P/E/G ratio of 0.77 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $517.97. The business’s fifty day moving average price is $493.06 and its two-hundred day moving average price is $465.91.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, beating the consensus estimate of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The firm had revenue of $12.73 billion for the quarter, compared to the consensus estimate of $12.60 billion. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current year.

Insider Activity

In related news, Director Thomas K. Montag sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the transaction, the director now directly owns 12,450 shares of the company’s stock, valued at $6,287,748. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Thomas K. Montag sold 10,000 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the transaction, the director now owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value of $1,770,965.00. Following the transaction, the insider now directly owns 12,095 shares in the company, valued at $6,119,949.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Company 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.