Tritonpoint Wealth LLC Sells 1,458 Shares of The Goldman Sachs Group, Inc. $GS

by · The Markets Daily

Tritonpoint Wealth LLC reduced its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 59.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 983 shares of the investment management company’s stock after selling 1,458 shares during the period. Tritonpoint Wealth LLC’s holdings in The Goldman Sachs Group were worth $864,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of The Goldman Sachs Group by 110.8% during the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after buying an additional 936,015 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of The Goldman Sachs Group by 18.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock worth $1,345,924,000 after acquiring an additional 291,280 shares during the last quarter. Danske Bank A S purchased a new position in The Goldman Sachs Group during the 3rd quarter valued at $178,941,000. Alliancebernstein L.P. boosted its holdings in The Goldman Sachs Group by 14.4% during the 2nd quarter. Alliancebernstein L.P. now owns 1,710,516 shares of the investment management company’s stock valued at $1,210,618,000 after acquiring an additional 215,230 shares during the period. Finally, Holocene Advisors LP bought a new position in The Goldman Sachs Group in the 2nd quarter valued at $152,166,000. Institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 45,000 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $965.33, for a total value of $43,439,850.00. Following the transaction, the director owned 555,000 shares in the company, valued at $535,758,150. The trade was a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John F.W. Rogers sold 13,151 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the completion of the transaction, the executive vice president owned 39,007 shares of the company’s stock, valued at $37,408,883.21. This represents a 25.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 117,283 shares of company stock worth $112,016,033. Company insiders own 0.55% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $863.92 on Friday. The firm has a market cap of $254.85 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.13 and a beta of 1.32. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.60. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $984.70. The stock’s fifty day moving average price is $874.90 and its 200-day moving average price is $850.60.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The company had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same period in the prior year, the firm earned $11.95 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 2nd were issued a $4.50 dividend. The ex-dividend date was Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.09%.

Wall Street Analyst Weigh In

GS has been the subject of several research analyst reports. Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Daiwa Securities Group upped their price target on shares of The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Rothschild & Co Redburn reduced their price target on shares of The Goldman Sachs Group from $846.00 to $843.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Autonomous Res decreased their price objective on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. Finally, Bank of America boosted their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $929.52.

Check Out Our Latest Stock Report on GS

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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