TrueMark Investments LLC Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

TrueMark Investments LLC grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,740 shares of the investment management company’s stock after acquiring an additional 425 shares during the quarter. TrueMark Investments LLC’s holdings in The Goldman Sachs Group were worth $3,287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $26,000. Asset Planning Inc acquired a new position in The Goldman Sachs Group in the fourth quarter valued at $29,000. Curio Wealth LLC purchased a new position in The Goldman Sachs Group during the fourth quarter worth about $30,000. Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter worth about $34,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at about $37,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now directly owns 8,192 shares of the company’s stock, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin R. Johnson acquired 2,400 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the transaction, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 19,925 shares of company stock worth $12,630,683 over the last quarter. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $586.16 on Wednesday. The Goldman Sachs Group, Inc. has a 1-year low of $387.12 and a 1-year high of $672.19. The stock has a market cap of $182.90 billion, a P/E ratio of 14.46, a PEG ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a 50-day moving average of $611.53 and a two-hundred day moving average of $570.61.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The Goldman Sachs Group’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.48 EPS. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.05%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GS. Hsbc Global Res cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday. Oppenheimer lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. UBS Group boosted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Finally, Morgan Stanley cut their price objective on The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $593.27.

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.