Trifecta Capital Advisors LLC Acquires 51 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)
by Doug Wharley · The Cerbat GemTrifecta Capital Advisors LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 0.4% in the third quarter, Holdings Channel reports. The fund owned 12,720 shares of the investment management company’s stock after purchasing an additional 51 shares during the quarter. The Goldman Sachs Group makes up 1.3% of Trifecta Capital Advisors LLC’s holdings, making the stock its 21st biggest holding. Trifecta Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $6,298,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. POM Investment Strategies LLC bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth about $26,000. Semmax Financial Advisors Inc. purchased a new stake in The Goldman Sachs Group in the 2nd quarter worth about $26,000. Headlands Technologies LLC bought a new stake in The Goldman Sachs Group in the second quarter worth about $27,000. SJS Investment Consulting Inc. boosted its position in shares of The Goldman Sachs Group by 103.3% during the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after buying an additional 31 shares during the period. Finally, Quest Partners LLC grew its stake in shares of The Goldman Sachs Group by 6,300.0% during the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after buying an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.
The Goldman Sachs Group Trading Down 0.2 %
Shares of NYSE:GS opened at $528.97 on Friday. The company has a market capitalization of $170.57 billion, a PE ratio of 20.65, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.20. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $540.51. The business’s fifty day simple moving average is $497.39 and its 200-day simple moving average is $468.25.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The business had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. During the same period in the prior year, the firm posted $5.47 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current fiscal year.
The Goldman Sachs Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is presently 46.86%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. Bank of America raised their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Morgan Stanley raised their price target on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Seaport Res Ptn downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $524.69.
The Goldman Sachs Group 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.
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