The Goldman Sachs Group, Inc. $GS Shares Purchased by Trivium Point Advisory LLC

Key Points

• Trivium Point Advisory LLC significantly increased its holdings in The Goldman Sachs Group, Inc. by 83.3% in Q2, owning 1,694 shares valued at approximately $1.2 million.
• The Goldman Sachs Group reported earnings of $10.91 per share for the quarter, surpassing estimates, along with a revenue of $14.58 billion, marking a 14.5% year-over-year increase.
• The company declared a quarterly dividend of $4.00 per share, providing a promising 2.0% annual yield and a positive change from the previous quarter's dividend.

Trivium Point Advisory LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 83.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,694 shares of the investment management company's stock after purchasing an additional 770 shares during the quarter. Trivium Point Advisory LLC's holdings in The Goldman Sachs Group were worth $1,199,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GS. Ridgewood Investments LLC grew its holdings in The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock valued at $38,000 after purchasing an additional 17 shares during the period. Bank of Stockton raised its holdings in The Goldman Sachs Group by 0.7% in the second quarter. Bank of Stockton now owns 2,485 shares of the investment management company's stock valued at $1,759,000 after buying an additional 17 shares during the period. Western Financial Corp CA increased its holdings in The Goldman Sachs Group by 0.5% during the 2nd quarter. Western Financial Corp CA now owns 3,597 shares of the investment management company's stock worth $2,546,000 after purchasing an additional 17 shares during the last quarter. King Wealth Management Group grew its stake in The Goldman Sachs Group by 1.8% in the first quarter. King Wealth Management Group now owns 1,086 shares of the investment management company's stock worth $593,000 after purchasing an additional 19 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC boosted its holdings in The Goldman Sachs Group by 0.9% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 2,020 shares of the investment management company's stock worth $1,104,000 after purchasing an additional 19 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $796.20 on Wednesday. The firm has a market cap of $241.02 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41. The company's fifty day moving average is $751.18 and its 200-day moving average is $650.88. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its 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 firm had revenue of $14.58 billion during the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The company's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company earned $8.62 EPS. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were given a $4.00 dividend. The ex-dividend date was Friday, August 29th. This represents a $16.00 annualized dividend and a yield of 2.0%. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio (DPR) is 35.26%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Citigroup upped their price target on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Morgan Stanley increased their price objective on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the company an "equal weight" rating in a report on Monday. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an "overweight" rating in a report on Tuesday, September 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a "hold" rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $690.27.

Insider Transactions at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,000 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer directly owned 106,268 shares in the company, valued at approximately $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $4,706,944.48. Following the transaction, the chief executive officer owned 126,176 shares of the company's stock, valued at approximately $89,876,426.56. This represents a 4.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock valued at $28,111,828 in the last ninety days. 0.55% of the stock is owned by corporate insiders.

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.

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