The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Trivest Advisors Ltd

Trivest Advisors Ltd increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 378.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 makes up approximately 1.9% of Trivest Advisors Ltd's holdings, making the stock its 20th largest holding. Trivest Advisors Ltd's holdings in The Goldman Sachs Group were worth $41,126,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Jackson Grant Investment Advisers Inc. raised its position in The Goldman Sachs Group by 10.9% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company's stock worth $93,000 after purchasing an additional 16 shares during the period. Ledyard National Bank raised its position in The Goldman Sachs Group by 3.4% in the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock worth $278,000 after purchasing an additional 16 shares during the period. Seelaus Asset Management LLC raised its position in The Goldman Sachs Group by 2.5% in the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock worth $378,000 after purchasing an additional 16 shares during the period. Pointe Capital Management LLC raised its position in The Goldman Sachs Group by 1.0% in the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock worth $951,000 after purchasing an additional 16 shares during the period. Finally, Genesee Capital Advisors LLC raised its position in The Goldman Sachs Group by 1.0% in the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company's stock worth $1,024,000 after purchasing an additional 17 shares during the period. 71.21% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of analysts recently weighed in on GS shares. Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. 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, Barclays raised their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average price target of $594.27.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction 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 in the company, valued at approximately $4,047,349.55. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kevin R. Johnson acquired 2,400 shares of the stock in a transaction dated Friday, January 17th. The shares were bought at an average price 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 position. The disclosure for this purchase can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 over the last three months. Corporate insiders own 0.54% of the company's stock.

The Goldman Sachs Group Stock Up 0.4 %

GS stock traded up $2.32 during trading on Friday, hitting $565.00. 3,562,261 shares of the company's stock traded hands, compared to its average volume of 2,241,018. The firm has a market capitalization of $176.30 billion, a P/E ratio of 13.93, a PEG ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19. 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 business has a fifty day simple moving average of $610.89 and a two-hundred day simple moving average of $569.20.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group's revenue was up 22.5% compared to the same quarter last year. During the same period last year, the firm earned $5.48 earnings per share. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.12%. The Goldman Sachs Group's dividend payout ratio (DPR) is 29.59%.

About The Goldman Sachs Group

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.