Trinity Financial Advisors LLC Sells 69 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Trinity Financial Advisors LLC lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 693 shares of the investment management company’s stock after selling 69 shares during the quarter. Trinity Financial Advisors LLC’s holdings in The Goldman Sachs Group were worth $267,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GS. Albert D Mason Inc. grew its stake in shares of The Goldman Sachs Group by 4.3% in the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock worth $255,000 after buying an additional 27 shares during the last quarter. Mayflower Financial Advisors LLC grew its position in shares of The Goldman Sachs Group by 1.4% during the fourth quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 28 shares in the last quarter. Avitas Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 0.7% during the fourth quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock valued at $1,711,000 after purchasing an additional 29 shares in the last quarter. Addison Advisors LLC grew its position in The Goldman Sachs Group by 7.5% in the fourth quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock worth $160,000 after acquiring an additional 29 shares in the last quarter. Finally, Samalin Investment Counsel LLC grew its position in The Goldman Sachs Group by 3.5% in the third quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock worth $289,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS traded up $2.19 during mid-day trading on Wednesday, hitting $428.90. 1,263,599 shares of the company were exchanged, compared to its average volume of 2,365,341. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $433.43. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The company has a 50 day moving average of $402.04 and a 200-day moving average of $372.58. The stock has a market cap of $139.19 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the prior year, the firm earned $8.79 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. Analysts expect that The Goldman Sachs Group, Inc. will post 35.86 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given 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 2.56%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Wall Street Analysts Forecast Growth

GS has been the subject of several analyst reports. Barclays raised their price objective on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. JMP Securities lifted their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Edward Jones initiated coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They set a “buy” rating on the stock. BMO Capital Markets upped 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 report on Tuesday, April 16th. Finally, Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their price target for the company from $410.00 to $430.00 in a report on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $437.04.

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.