Trinity Legacy Partners LLC Buys 3,341 Shares of The Goldman Sachs Group, Inc. $GS

Trinity Legacy Partners LLC grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 133.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,848 shares of the investment management company’s stock after buying an additional 3,341 shares during the period. Trinity Legacy Partners LLC’s holdings in The Goldman Sachs Group were worth $3,531,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Douglass Winthrop Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 0.8% during the 1st quarter. Douglass Winthrop Advisors LLC now owns 4,614 shares of the investment management company’s stock worth $2,521,000 after buying an additional 36 shares in the last quarter. Sax Wealth Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 31.1% during the 1st quarter. Sax Wealth Advisors LLC now owns 1,332 shares of the investment management company’s stock worth $728,000 after buying an additional 316 shares in the last quarter. Strategies Wealth Advisors LLC raised its position in shares of The Goldman Sachs Group by 53.2% during the first quarter. Strategies Wealth Advisors LLC now owns 2,896 shares of the investment management company’s stock worth $1,582,000 after purchasing an additional 1,006 shares during the period. Allstate Corp raised its position in shares of The Goldman Sachs Group by 41.4% during the first quarter. Allstate Corp now owns 13,229 shares of the investment management company’s stock worth $7,227,000 after purchasing an additional 3,874 shares during the period. Finally, Gitterman Wealth Management LLC acquired a new position in shares of The Goldman Sachs Group during the first quarter worth approximately $371,000. 71.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the transaction, the chief financial officer owned 18,594 shares in the company, valued at $13,469,493.60. This trade represents a 28.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the transaction, the executive vice president owned 65,761 shares of the company’s stock, valued at approximately $47,176,283.79. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,079 shares of company stock worth $14,423,221 in the last quarter. 0.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GS shares. HSBC reaffirmed 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. Citigroup upped their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a “market perform” rating in a research report on Thursday, July 17th. Finally, Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $660.00.

The Goldman Sachs Group Stock Up 3.6%

GS stock opened at $741.8440 on Friday. 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 company has a market capitalization of $224.57 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.52 and a beta of 1.38. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $749.05. The stock has a fifty day moving average of $705.56 and a 200-day moving average of $620.87.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.62 EPS. As a group, equities research 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 announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a $4.00 dividend. The ex-dividend date is Friday, August 29th. This represents a $16.00 annualized dividend and a yield of 2.2%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s dividend payout ratio is 35.26%.

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.