Trinity Legacy Partners LLC Grows Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Trinity Legacy Partners LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,507 shares of the investment management company’s stock after buying an additional 26 shares during the period. Trinity Legacy Partners LLC’s holdings in The Goldman Sachs Group were worth $1,436,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GS. Stephens Consulting LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth about $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at about $29,000. DT Investment Partners LLC raised its holdings in shares of The Goldman Sachs Group by 110.0% during the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after buying an additional 33 shares in the last quarter. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in The Goldman Sachs Group in the third quarter worth approximately $38,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Down 3.8 %

Shares of The Goldman Sachs Group stock opened at $642.81 on Friday. The company’s fifty day simple moving average is $610.78 and its two-hundred day simple moving average is $556.55. The Goldman Sachs Group, Inc. has a 12-month low of $381.26 and a 12-month high of $672.19. 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 company has a market cap of $200.58 billion, a P/E ratio of 15.85, a PEG ratio of 0.93 and a beta of 1.39.

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

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 1.87%. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Insider Buying and Selling

In related news, CAO Sheara J. Fredman sold 2,034 shares of The Goldman Sachs Group stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 6,455 shares of the company’s stock, valued at $4,047,349.55. This trade represents a 23.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. 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. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Oppenheimer decreased their price target on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Barclays upped their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. UBS Group increased their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company raised their price target on The Goldman Sachs Group from $680.00 to $720.00 and gave the stock an “overweight” rating in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average target price of $593.56.

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.