Trivest Advisors Ltd Raises Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Trivest Advisors Ltd raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 378.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,820 shares of the investment management company’s stock after purchasing an additional 56,820 shares during the quarter. The Goldman Sachs Group accounts for 1.9% of Trivest Advisors Ltd’s portfolio, making the stock its 20th largest position. Trivest Advisors Ltd’s holdings in The Goldman Sachs Group were worth $41,126,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. increased its holdings in The Goldman Sachs Group by 2.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after buying an additional 5,541 shares during the period. Erste Asset Management GmbH increased its stake in shares of The Goldman Sachs Group by 5.9% in the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock worth $3,309,000 after acquiring an additional 320 shares during the period. Franklin Street Advisors Inc. NC raised its holdings in shares of The Goldman Sachs Group by 8.1% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock worth $21,934,000 after purchasing an additional 2,863 shares during the last quarter. Atlas Legacy Advisors LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at $356,000. Finally, Park Edge Advisors LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $703,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Kevin R. Johnson bought 2,400 shares of The Goldman Sachs Group stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the purchase, the director now directly owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total transaction of $1,275,338.34. Following the completion of the sale, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

GS has been the subject of several analyst reports. Citigroup boosted their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Oppenheimer decreased their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $594.27.

The Goldman Sachs Group Stock Up 0.1 %

NYSE GS opened at $551.86 on Wednesday. The business has a fifty day moving average price of $611.58 and a 200 day moving average price of $567.82. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $172.20 billion, a P/E ratio of 13.61, a P/E/G ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a one year low of $383.71 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the business earned $5.48 earnings per share. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

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.