Summit Trail Advisors LLC Buys 1,882 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Summit Trail Advisors LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 54.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,354 shares of the investment management company’s stock after purchasing an additional 1,882 shares during the period. Summit Trail Advisors LLC’s holdings in The Goldman Sachs Group were worth $3,066,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GS. Carnegie Investment Counsel increased its position in The Goldman Sachs Group by 1.8% in the third quarter. Carnegie Investment Counsel now owns 5,825 shares of the investment management company’s stock worth $2,884,000 after purchasing an additional 103 shares during the last quarter. Exchange Traded Concepts LLC increased its position in The Goldman Sachs Group by 46.8% in the third quarter. Exchange Traded Concepts LLC now owns 2,618 shares of the investment management company’s stock worth $1,296,000 after purchasing an additional 835 shares during the last quarter. CHICAGO TRUST Co NA increased its position in The Goldman Sachs Group by 70.1% during the third quarter. CHICAGO TRUST Co NA now owns 920 shares of the investment management company’s stock valued at $456,000 after acquiring an additional 379 shares during the last quarter. Koshinski Asset Management Inc. increased its position in The Goldman Sachs Group by 9.0% during the third quarter. Koshinski Asset Management Inc. now owns 1,107 shares of the investment management company’s stock valued at $548,000 after acquiring an additional 91 shares during the last quarter. Finally, Armstrong Advisory Group Inc. increased its position in The Goldman Sachs Group by 5.2% during the third quarter. Armstrong Advisory Group Inc. now owns 467 shares of the investment management company’s stock valued at $231,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other news, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction dated 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 transaction, the treasurer now owns 4,552 shares in the company, valued at $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now owns 117,883 shares in the company, valued at approximately $72,015,903.53. This trade represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,475 shares of company stock worth $19,692,543. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Down 0.9 %

NYSE:GS opened at $650.24 on Tuesday. The Goldman Sachs Group, Inc. has a 1-year low of $375.20 and a 1-year high of $663.87. The company has a 50-day moving average of $600.00 and a 200 day moving average of $547.26. The firm has a market cap of $201.87 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The business 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 was up 22.5% on a year-over-year basis. During the same period in the previous year, the company posted $5.48 earnings per share. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.85%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

GS has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley boosted their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Finally, Barclays boosted their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $591.06.

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.