Trifecta Capital Advisors LLC Buys 126 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Trifecta Capital Advisors LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,846 shares of the investment management company’s stock after buying an additional 126 shares during the period. The Goldman Sachs Group makes up approximately 1.5% of Trifecta Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Trifecta Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $7,356,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GS. Pine Valley Investments Ltd Liability Co raised its position in The Goldman Sachs Group by 20.9% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 9,264 shares of the investment management company’s stock valued at $5,305,000 after purchasing an additional 1,599 shares in the last quarter. Prasad Wealth Partners LLC acquired a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $344,000. BankPlus Trust Department acquired a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $667,000. Crestwood Advisors Group LLC raised its position in The Goldman Sachs Group by 1.6% during the fourth quarter. Crestwood Advisors Group LLC now owns 13,517 shares of the investment management company’s stock valued at $7,740,000 after purchasing an additional 216 shares in the last quarter. Finally, Wharton Business Group LLC raised its position in The Goldman Sachs Group by 0.5% during the fourth quarter. Wharton Business Group LLC now owns 68,773 shares of the investment management company’s stock valued at $39,381,000 after purchasing an additional 361 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction that occurred on 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 directly owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total value of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares in the company, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,475 shares of company stock valued at $19,692,543 over the last ninety days. 0.57% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $626.24 on Tuesday. The business’s 50-day moving average price is $612.38 and its 200-day moving average price is $559.91. The Goldman Sachs Group, Inc. has a 12 month low of $381.42 and a 12 month high of $672.19. The firm has a market capitalization of $195.41 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 0.89 and a beta of 1.39. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.48 earnings per share. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Analysts Set New Price Targets

GS has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. HSBC downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price objective for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, Barclays increased their price target on 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. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $593.56.

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.