TrinityPoint Wealth LLC acquired a new stake in Goldman Sachs Group Inc (NYSE:GS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,684 shares of the investment management company’s stock, valued at approximately $1,284,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bradley Foster & Sargent Inc. CT raised its holdings in Goldman Sachs Group by 2.7% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 1,881 shares of the investment management company’s stock valued at $314,000 after buying an additional 50 shares during the period. Tdam USA Inc. grew its position in Goldman Sachs Group by 2.1% in the fourth quarter. Tdam USA Inc. now owns 2,611 shares of the investment management company’s stock valued at $436,000 after acquiring an additional 54 shares in the last quarter. Keybank National Association OH grew its position in Goldman Sachs Group by 1.1% in the fourth quarter. Keybank National Association OH now owns 5,571 shares of the investment management company’s stock valued at $931,000 after acquiring an additional 58 shares in the last quarter. Parallel Advisors LLC grew its position in Goldman Sachs Group by 5.2% in the fourth quarter. Parallel Advisors LLC now owns 1,171 shares of the investment management company’s stock valued at $195,000 after acquiring an additional 58 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. grew its position in Goldman Sachs Group by 9.7% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 666 shares of the investment management company’s stock valued at $111,000 after acquiring an additional 59 shares in the last quarter. 68.39% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:GS opened at $198.26 on Friday. The stock has a market cap of $72.72 billion, a price-to-earnings ratio of 7.85, a price-to-earnings-growth ratio of 1.24 and a beta of 1.23. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.91 and a current ratio of 0.92. Goldman Sachs Group Inc has a fifty-two week low of $151.70 and a fifty-two week high of $269.85.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 16th. The investment management company reported $6.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.15 by $0.89. Goldman Sachs Group had a return on equity of 13.84% and a net margin of 28.92%. The business had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.48 billion. During the same period in the previous year, the company earned $5.68 EPS. The firm’s revenue was down .5% on a year-over-year basis. As a group, equities analysts forecast that Goldman Sachs Group Inc will post 23.62 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 28th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.61%. The ex-dividend date is Wednesday, February 27th. Goldman Sachs Group’s dividend payout ratio is currently 12.66%.
A number of research firms have recently weighed in on GS. Wells Fargo & Co decreased their price target on shares of Goldman Sachs Group from $305.00 to $235.00 and set an “outperform” rating for the company in a research report on Tuesday, December 18th. Bank of America reduced their price objective on Goldman Sachs Group from $280.00 to $225.00 and set a “neutral” rating on the stock in a research note on Sunday, December 9th. Zacks Investment Research cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Morgan Stanley cut Goldman Sachs Group to a “sell” rating in a research note on Monday, February 4th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Goldman Sachs Group in a research note on Monday, January 21st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $255.54.
In other Goldman Sachs Group news, EVP Dane E. Holmes sold 1,489 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total value of $295,283.59. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Gregory K. Palm sold 16,451 shares of the company’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $158.41, for a total value of $2,606,002.91. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.
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Goldman Sachs Group 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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