TrueMark Investments LLC Purchases 738 Shares of The Goldman Sachs Group, Inc. $GS

TrueMark Investments LLC grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,162 shares of the investment management company’s stock after acquiring an additional 738 shares during the period. The Goldman Sachs Group accounts for 1.4% of TrueMark Investments LLC’s holdings, making the stock its 15th biggest holding. TrueMark Investments LLC’s holdings in The Goldman Sachs Group were worth $6,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Winthrop Advisory Group LLC grew its stake in The Goldman Sachs Group by 3.4% in the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock worth $303,000 after acquiring an additional 14 shares in the last quarter. Mechanics Financial Corp grew its stake in The Goldman Sachs Group by 5.8% in the 2nd quarter. Mechanics Financial Corp now owns 294 shares of the investment management company’s stock worth $208,000 after acquiring an additional 16 shares in the last quarter. Ridgewood Investments LLC grew its stake in The Goldman Sachs Group by 45.9% in the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after acquiring an additional 17 shares in the last quarter. Bank of Stockton grew its stake in The Goldman Sachs Group by 0.7% in the 2nd quarter. Bank of Stockton now owns 2,485 shares of the investment management company’s stock worth $1,759,000 after acquiring an additional 17 shares in the last quarter. Finally, Western Financial Corp CA grew its stake in The Goldman Sachs Group by 0.5% in the 2nd quarter. Western Financial Corp CA now owns 3,597 shares of the investment management company’s stock worth $2,546,000 after acquiring an additional 17 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on GS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 8th. 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. Evercore ISI upped their price target on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. JMP Securities reaffirmed a “market perform” rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Finally, HSBC upped their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $770.73.

Insider Activity at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,244 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the sale, the chief operating officer owned 115,268 shares in the company, valued at $86,463,679.48. This represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Solomon sold 6,608 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the sale, the chief executive officer owned 126,176 shares in the company, valued at $89,876,426.56. The trade was a 4.98% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 38,323 shares of company stock worth $28,111,828. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Down 1.0%

NYSE GS opened at $750.71 on Friday. The company has a fifty day simple moving average of $765.25 and a two-hundred day simple moving average of $670.40. The stock has a market cap of $227.25 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.39 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The business had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company posted $8.40 earnings per share. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a $4.00 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.1%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.50%.

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.