Trifecta Capital Advisors LLC Has $5.73 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Trifecta Capital Advisors LLC lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,669 shares of the investment management company’s stock after buying an additional 85 shares during the quarter. The Goldman Sachs Group comprises approximately 1.3% of Trifecta Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Trifecta Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $5,730,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GS. Waldron Private Wealth LLC increased its position in The Goldman Sachs Group by 0.8% during the second quarter. Waldron Private Wealth LLC now owns 2,399 shares of the investment management company’s stock worth $1,085,000 after buying an additional 20 shares during the last quarter. Fulton Bank N.A. raised its stake in The Goldman Sachs Group by 0.8% in the 2nd quarter. Fulton Bank N.A. now owns 2,727 shares of the investment management company’s stock valued at $1,233,000 after acquiring an additional 22 shares during the period. Nicholas Hoffman & Company LLC. raised its stake in The Goldman Sachs Group by 1.1% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 1,975 shares of the investment management company’s stock valued at $893,000 after acquiring an additional 22 shares during the period. Jacobi Capital Management LLC lifted its holdings in The Goldman Sachs Group by 1.5% during the 1st quarter. Jacobi Capital Management LLC now owns 1,564 shares of the investment management company’s stock valued at $653,000 after purchasing an additional 23 shares during the last quarter. Finally, Mayflower Financial Advisors LLC boosted its position in The Goldman Sachs Group by 1.2% during the second quarter. Mayflower Financial Advisors LLC now owns 2,019 shares of the investment management company’s stock worth $913,000 after purchasing an additional 23 shares during the period. 71.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GS. UBS Group raised their target price on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Evercore ISI upped their target price on The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $464.00 to $472.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Barclays upped their price objective on The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $496.44.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the completion of the transaction, the insider now owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Thomas K. Montag sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the transaction, the director now owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the sale, the insider now directly owns 12,095 shares in the company, valued at approximately $6,119,949.05. The disclosure for this sale can be found here. Insiders sold a total of 4,013,500 shares of company stock worth $32,181,365 in the last ninety days. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

GS stock opened at $467.13 on Wednesday. The company’s 50-day moving average price is $489.86 and its two-hundred day moving average price is $449.85. The firm has a market cap of $150.63 billion, a P/E ratio of 18.24, a P/E/G ratio of 0.74 and a beta of 1.36. The company has a quick ratio of 0.72, a current 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 $517.26.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The business had revenue of $12.73 billion for the quarter, compared to analysts’ expectations of $12.60 billion. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 35.49 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, August 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.57%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s payout ratio is 46.86%.

The Goldman Sachs Group Company 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.