Truvestments Capital LLC Invests $34,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Truvestments Capital LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 69 shares of the investment management company’s stock, valued at approximately $34,000.

A number of other institutional investors have also recently added to or reduced their stakes in GS. Janus Henderson Group PLC grew its holdings in shares of The Goldman Sachs Group by 1.8% in the first quarter. Janus Henderson Group PLC now owns 57,734 shares of the investment management company’s stock valued at $24,114,000 after purchasing an additional 1,002 shares during the period. Citizens Financial Group Inc. RI increased its holdings in shares of The Goldman Sachs Group by 13.1% during the 1st quarter. Citizens Financial Group Inc. RI now owns 1,294 shares of the investment management company’s stock worth $540,000 after buying an additional 150 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at approximately $80,000. Atria Investments Inc lifted its holdings in The Goldman Sachs Group by 3.3% in the first quarter. Atria Investments Inc now owns 19,379 shares of the investment management company’s stock valued at $8,093,000 after acquiring an additional 612 shares during the last quarter. Finally, PGGM Investments grew its position in The Goldman Sachs Group by 341.8% in the first quarter. PGGM Investments now owns 11,527 shares of the investment management company’s stock worth $4,815,000 after acquiring an additional 8,918 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 0.0 %

Shares of NYSE:GS opened at $605.42 on Thursday. The Goldman Sachs Group, Inc. has a fifty-two week low of $334.87 and a fifty-two week high of $612.25. The firm’s 50 day moving average price is $536.69 and its 200 day moving average price is $497.33. 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 stock has a market cap of $190.05 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 0.88 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $5.47 EPS. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a $3.00 dividend. The ex-dividend date is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.98%. The Goldman Sachs Group’s payout ratio is currently 35.21%.

Insider Transactions at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares in the company, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian J. Lee sold 2,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the sale, the insider now directly owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This trade represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,390 shares of company stock valued at $6,656,119. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

GS has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $472.00 to $520.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $569.00 to $608.00 in a research note on Tuesday. JMP Securities boosted their price target on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Citigroup increased their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Finally, Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average target price of $550.63.

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.