Trust Investment Advisors Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Trust Investment Advisors acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 486 shares of the investment management company’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Murphy & Mullick Capital Management Corp acquired a new stake in The Goldman Sachs Group in the 4th quarter worth $222,000. Mitsubishi UFJ Trust & Banking Corp grew its position in The Goldman Sachs Group by 5.4% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 181,419 shares of the investment management company’s stock worth $103,884,000 after buying an additional 9,286 shares in the last quarter. Florida Financial Advisors LLC increased its stake in The Goldman Sachs Group by 41.2% during the fourth quarter. Florida Financial Advisors LLC now owns 863 shares of the investment management company’s stock valued at $494,000 after acquiring an additional 252 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in The Goldman Sachs Group by 0.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,515 shares of the investment management company’s stock valued at $3,731,000 after acquiring an additional 61 shares during the period. Finally, Baxter Bros Inc. lifted its position in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company’s stock worth $8,879,000 after acquiring an additional 151 shares during the period. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GS shares. Morgan Stanley lowered their price objective on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Barclays increased their price objective 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. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, UBS Group lifted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus target price of $593.27.

Insider Activity

In related news, insider Alex S. Golten sold 5,208 shares of the firm’s 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 transaction, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin R. Johnson acquired 2,400 shares of the company’s stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the acquisition, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 19,925 shares of company stock valued at $12,630,683. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $586.16 on Wednesday. The Goldman Sachs Group, Inc. has a 12-month low of $387.12 and a 12-month high of $672.19. The stock has a 50-day simple moving average of $611.53 and a 200 day simple moving average of $570.61. 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 stock has a market capitalization of $182.90 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $12.36 billion. During the same period in the previous year, the firm posted $5.48 earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.05%. 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.