Trilogy Capital Inc. Takes $2.99 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Trilogy Capital Inc. purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,160 shares of the investment management company’s stock, valued at approximately $2,991,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Richardson Capital Management LLC purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $42,000. New Mexico Educational Retirement Board increased its position in shares of The Goldman Sachs Group by 13.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 19,689 shares of the investment management company’s stock valued at $8,224,000 after purchasing an additional 2,400 shares during the last quarter. Symphony Financial Ltd. Co. boosted its holdings in shares of The Goldman Sachs Group by 15.0% in the 1st quarter. Symphony Financial Ltd. Co. now owns 761 shares of the investment management company’s stock valued at $318,000 after buying an additional 99 shares in the last quarter. Vicus Capital acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at $206,000. Finally, First Bank & Trust boosted its holdings in shares of The Goldman Sachs Group by 3.9% in the 1st quarter. First Bank & Trust now owns 1,133 shares of the investment management company’s stock valued at $473,000 after buying an additional 43 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GS shares. JMP Securities upped their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Bank of America raised their price target on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Wells Fargo & Company lifted their price target on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Finally, BMO Capital Markets lifted their price target on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $443.78.

The Goldman Sachs Group Price Performance

Shares of GS stock traded up $6.36 on Friday, hitting $452.32. 3,839,657 shares of the company’s stock were exchanged, compared to its average volume of 1,900,364. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $471.48. The stock has a market cap of $145.86 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The company has a 50 day moving average of $449.86 and a 200 day moving average of $410.79.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results 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 firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the company earned $8.79 earnings per share. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were paid a $2.75 dividend. The ex-dividend date was Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.43%. The Goldman Sachs Group’s payout ratio is 42.95%.

Insider Activity

In related news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the sale, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on 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 sale, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group 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.