Trillium Asset Management LLC Makes New $491,000 Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Trillium Asset Management LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,273 shares of the investment management company’s stock, valued at approximately $491,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. boosted its position in The Goldman Sachs Group by 13.7% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock valued at $64,291,000 after buying an additional 20,018 shares during the period. HTLF Bank bought a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $850,000. Apexium Financial LP increased its holdings in The Goldman Sachs Group by 7.1% during the 4th quarter. Apexium Financial LP now owns 5,672 shares of the investment management company’s stock valued at $2,188,000 after purchasing an additional 378 shares during the period. Wealth Alliance raised its position in The Goldman Sachs Group by 17.3% during the 4th quarter. Wealth Alliance now owns 1,035 shares of the investment management company’s stock valued at $399,000 after purchasing an additional 153 shares during the last quarter. Finally, Trueblood Wealth Management LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $989,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.7 %

GS stock traded up $3.20 during midday trading on Friday, hitting $467.72. The company’s stock had a trading volume of 1,656,079 shares, compared to its average volume of 2,269,545. The firm’s 50-day moving average is $417.71 and its 200-day moving average is $385.07. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $468.66. The company has a market cap of $150.82 billion, a PE ratio of 18.26, a P/E/G ratio of 1.44 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same period last year, the firm posted $8.79 earnings per share. The Goldman Sachs Group’s revenue was up 16.1% compared to the same quarter last year. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 36.71 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.35%. The Goldman Sachs Group’s payout ratio is 42.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GS shares. Evercore ISI upped their target price on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. BMO Capital Markets raised their target price on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Wells Fargo & Company lifted their target price on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. Finally, Citigroup lifted their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $440.57.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the transaction, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders sold 29,330 shares of company stock valued at $11,713,578 over the last 90 days. Company insiders own 0.54% of the company’s stock.

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.