1,086 Shares in Goldman Sachs Group Inc (GS) Acquired by Truvestments Capital LLC

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Truvestments Capital LLC acquired a new position in shares of Goldman Sachs Group Inc (NYSE:GS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,086 shares of the investment management company’s stock, valued at approximately $240,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Goldman Sachs Group by 31.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,504 shares of the investment management company’s stock valued at $3,653,000 after acquiring an additional 3,435 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Goldman Sachs Group by 95.6% during the first quarter. Eagle Asset Management Inc. now owns 10,535 shares of the investment management company’s stock valued at $2,653,000 after acquiring an additional 5,149 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Goldman Sachs Group by 37.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 2,191 shares of the investment management company’s stock valued at $552,000 after acquiring an additional 592 shares during the last quarter. IFP Advisors Inc increased its position in shares of Goldman Sachs Group by 22.7% during the first quarter. IFP Advisors Inc now owns 6,021 shares of the investment management company’s stock valued at $1,517,000 after acquiring an additional 1,112 shares during the last quarter. Finally, Lido Advisors LLC increased its position in shares of Goldman Sachs Group by 60.1% during the first quarter. Lido Advisors LLC now owns 1,880 shares of the investment management company’s stock valued at $473,000 after acquiring an additional 706 shares during the last quarter. Hedge funds and other institutional investors own 70.99% of the company’s stock.

Shares of NYSE:GS traded up $0.90 during trading on Friday, hitting $213.87. 4,159,502 shares of the company were exchanged, compared to its average volume of 3,114,379. The company has a market capitalization of $84.66 billion, a PE ratio of 10.82, a P/E/G ratio of 0.72 and a beta of 1.28. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.02. Goldman Sachs Group Inc has a 12-month low of $210.95 and a 12-month high of $275.31.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 17th. The investment management company reported $5.98 earnings per share for the quarter, topping the consensus estimate of $4.66 by $1.32. The business had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $8.74 billion. Goldman Sachs Group had a net margin of 15.72% and a return on equity of 13.58%. The company’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.95 EPS. As a group, equities research analysts predict that Goldman Sachs Group Inc will post 24.69 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Stockholders of record on Thursday, August 30th were issued a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, August 29th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.50%. Goldman Sachs Group’s payout ratio is 16.19%.

Several research analysts have recently commented on GS shares. JPMorgan Chase & Co. reissued a “buy” rating and issued a $285.00 price objective on shares of Goldman Sachs Group in a research note on Monday, September 10th. Credit Suisse Group raised shares of Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 17th. Keefe, Bruyette & Woods lowered their price objective on shares of Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating for the company in a research note on Wednesday, July 18th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $259.00 price target for the company in a research note on Friday, July 20th. Finally, Wolfe Research started coverage on shares of Goldman Sachs Group in a research note on Tuesday, September 25th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $275.08.

In other Goldman Sachs Group news, insider David M. Solomon sold 8,488 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $237.92, for a total value of $2,019,464.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David M. Solomon sold 8,382 shares of the business’s stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of $232.08, for a total transaction of $1,945,294.56. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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