Trivium Point Advisory LLC Has $1.20 Million Stake in The Goldman Sachs Group, Inc. $GS

Trivium Point Advisory LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 83.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,694 shares of the investment management company’s stock after acquiring an additional 770 shares during the quarter. Trivium Point Advisory LLC’s holdings in The Goldman Sachs Group were worth $1,199,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC grew its stake in The Goldman Sachs Group by 617,504.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after purchasing an additional 29,053,586 shares in the last quarter. International Assets Investment Management LLC bought a new position in The Goldman Sachs Group during the first quarter worth about $1,766,238,000. Nuveen LLC acquired a new position in The Goldman Sachs Group during the first quarter worth approximately $897,185,000. Assenagon Asset Management S.A. boosted its position in The Goldman Sachs Group by 102.6% during the first quarter. Assenagon Asset Management S.A. now owns 14,764 shares of the investment management company’s stock worth $8,065,000 after purchasing an additional 585,084 shares during the period. Finally, Cohen Investment Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 5,559.2% in the first quarter. Cohen Investment Advisors LLC now owns 470,220 shares of the investment management company’s stock valued at $256,876,000 after purchasing an additional 461,911 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on GS. Royal Bank Of Canada restated a “sector perform” rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the stock an “equal weight” rating in a report on Monday. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Finally, HSBC reiterated a “reduce” rating and set a $627.00 target price (up from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $690.27.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $796.20 on Wednesday. The firm has a market cap of $241.02 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $825.25. The firm’s fifty day moving average is $751.18 and its 200-day moving average is $650.88. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The company had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period last year, the company earned $8.62 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were issued a dividend of $4.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, August 29th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.26%.

Insider Activity at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,608 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the completion of the sale, the chief executive officer directly owned 126,176 shares in the company, valued at $89,876,426.56. This trade represents a 4.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John F.W. Rogers sold 6,008 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the sale, the executive vice president owned 65,761 shares of the company’s stock, valued at $47,176,283.79. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock worth $28,111,828 over the last quarter. Company insiders own 0.55% of the company’s stock.

About The Goldman Sachs Group

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.