Trifecta Capital Advisors LLC Boosts Stake in The Goldman Sachs Group, Inc. $GS

Trifecta Capital Advisors LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,956 shares of the investment management company’s stock after purchasing an additional 35 shares during the period. The Goldman Sachs Group accounts for about 1.5% of Trifecta Capital Advisors LLC’s holdings, making the stock its 24th biggest holding. Trifecta Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $9,170,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC lifted its position in shares of The Goldman Sachs Group by 617,504.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after purchasing an additional 29,053,586 shares in the last quarter. Northern Trust Corp increased its stake in The Goldman Sachs Group by 1.2% during the 1st quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock worth $1,820,677,000 after buying an additional 40,125 shares during the period. International Assets Investment Management LLC acquired a new position in shares of The Goldman Sachs Group in the first quarter worth $1,766,238,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of The Goldman Sachs Group by 6.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock worth $1,138,527,000 after acquiring an additional 120,272 shares in the last quarter. Finally, Amundi boosted its holdings in The Goldman Sachs Group by 13.6% in the first quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock valued at $967,193,000 after purchasing an additional 225,993 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the transaction, the executive vice president owned 65,761 shares of the company’s stock, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John E. Waldron sold 9,000 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total value of $6,754,590.00. Following the transaction, the chief operating officer directly owned 106,268 shares of the company’s stock, valued at $79,755,196.68. The trade was a 7.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,323 shares of company stock valued at $28,111,828 in the last quarter. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GS. JMP Securities reaffirmed a “market perform” rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Evercore ISI raised their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Keefe, Bruyette & Woods increased their price objective on The Goldman Sachs Group from $771.00 to $790.00 and gave the company a “market perform” rating in a report on Thursday, July 17th. BMO Capital Markets initiated coverage on The Goldman Sachs Group in a report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price objective on the stock. Finally, Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Five research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $727.31.

The Goldman Sachs Group Trading Down 1.5%

NYSE:GS opened at $777.49 on Thursday. The firm has a market cap of $235.36 billion, a P/E ratio of 17.13, a PEG ratio of 1.49 and a beta of 1.42. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The stock’s 50 day simple moving average is $758.55 and its 200-day simple moving average is $659.72. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating analysts’ consensus estimates of $9.82 by $1.09. The firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The Goldman Sachs Group’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $8.62 EPS. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were given a $4.00 dividend. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, August 29th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.26%.

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.