TRUE Private Wealth Advisors Reduces Stock Holdings in The Goldman Sachs Group, Inc. $GS

TRUE Private Wealth Advisors lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,898 shares of the investment management company’s stock after selling 72 shares during the quarter. TRUE Private Wealth Advisors’ holdings in The Goldman Sachs Group were worth $4,882,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. FineMark National Bank & Trust raised its holdings in The Goldman Sachs Group by 1.2% during the second quarter. FineMark National Bank & Trust now owns 21,439 shares of the investment management company’s stock valued at $15,173,000 after acquiring an additional 254 shares during the period. Stonebrook Private Inc. grew its holdings in The Goldman Sachs Group by 4.4% during the 2nd quarter. Stonebrook Private Inc. now owns 782 shares of the investment management company’s stock valued at $554,000 after buying an additional 33 shares in the last quarter. Traub Capital Management LLC bought a new stake in The Goldman Sachs Group in the 2nd quarter worth approximately $356,000. Highview Capital Management LLC DE raised its holdings in shares of The Goldman Sachs Group by 2.0% during the 2nd quarter. Highview Capital Management LLC DE now owns 4,054 shares of the investment management company’s stock worth $2,869,000 after acquiring an additional 80 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 8.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 5,258 shares of the investment management company’s stock worth $3,722,000 after acquiring an additional 389 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.2%

GS opened at $777.11 on Wednesday. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $841.28. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The stock has a market cap of $233.08 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.43 and a beta of 1.41. The stock’s 50 day moving average price is $786.05 and its 200-day moving average price is $714.77.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter in the prior year, the company posted $8.40 EPS. The Goldman Sachs Group’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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

Analysts Set New Price Targets

GS has been the topic of several research reports. Dbs Bank boosted their price target on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Wednesday, October 8th. Citigroup increased their price target on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. UBS Group boosted their price objective on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Finally, Daiwa Capital Markets raised their price objective on The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $786.00.

Insider Activity at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the sale, the chief operating officer owned 115,268 shares of the company’s stock, valued at approximately $86,463,679.48. The trade was a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.55% 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.