Triglav Investments D.O.O. Has $39.29 Million Stake in The Goldman Sachs Group, Inc. $GS

Triglav Investments D.O.O. raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 25.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,340 shares of the investment management company’s stock after acquiring an additional 9,887 shares during the quarter. The Goldman Sachs Group comprises approximately 2.6% of Triglav Investments D.O.O.’s portfolio, making the stock its 10th biggest holding. Triglav Investments D.O.O.’s holdings in The Goldman Sachs Group were worth $39,290,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new position in The Goldman Sachs Group in the 3rd quarter worth about $26,000. First PREMIER Bank bought a new stake in shares of The Goldman Sachs Group during the third quarter valued at about $28,000. Corundum Trust Company INC purchased a new stake in shares of The Goldman Sachs Group in the third quarter worth about $29,000. Clearstead Trust LLC purchased a new stake in shares of The Goldman Sachs Group in the second quarter worth about $31,000. Finally, Elevation Wealth Partners LLC boosted its position in shares of The Goldman Sachs Group by 100.0% in the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Daiwa Capital Markets upped their price target on shares of The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Argus lifted their price objective on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Rothschild & Co Redburn boosted their target price on The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, BMO Capital Markets upped their target price on The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $907.43.

Read Our Latest Stock Analysis on The Goldman Sachs Group

Insiders Place Their Bets

In related news, Director David A. Viniar sold 19,796 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $964.27, for a total transaction of $19,088,688.92. Following the completion of the sale, the director directly owned 103,390 shares in the company, valued at $99,695,875.30. This represents a 16.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kathryn H. Ruemmler sold 9,589 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $927.51, for a total value of $8,893,893.39. Following the completion of the sale, the insider owned 18,533 shares of the company’s stock, valued at $17,189,542.83. The trade was a 34.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 87,513 shares of company stock valued at $83,718,401 over the last three months. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $911.91 on Thursday. The company has a market capitalization of $273.51 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.15 and a beta of 1.34. The business has a 50 day moving average of $905.73 and a 200 day moving average of $813.87. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the business earned $11.95 earnings per share. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, March 2nd. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is 31.20%.

Trending Headlines about The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

Featured Articles

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.