Trueblood Wealth Management LLC Invests $989,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Trueblood Wealth Management LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,563 shares of the investment management company’s stock, valued at approximately $989,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Successful Portfolios LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at $203,000. WASHINGTON TRUST Co lifted its position in The Goldman Sachs Group by 74.7% during the 4th quarter. WASHINGTON TRUST Co now owns 842 shares of the investment management company’s stock worth $325,000 after buying an additional 360 shares in the last quarter. Westbourne Investment Advisors Inc. lifted its position in The Goldman Sachs Group by 0.6% during the 4th quarter. Westbourne Investment Advisors Inc. now owns 19,483 shares of the investment management company’s stock worth $7,516,000 after buying an additional 114 shares in the last quarter. Parisi Gray Wealth Management lifted its position in The Goldman Sachs Group by 1.7% during the 4th quarter. Parisi Gray Wealth Management now owns 4,599 shares of the investment management company’s stock worth $1,774,000 after buying an additional 77 shares in the last quarter. Finally, Next Level Private LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth about $221,000. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the sale, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Insiders have sold a total of 38,907 shares of company stock valued at $15,080,021 over the last ninety days. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on GS. Edward Jones began coverage on shares of The Goldman Sachs Group in a research report on Tuesday, February 27th. They set a “buy” rating on the stock. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. Barclays raised their price target 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. Oppenheimer cut their price objective on The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating for the company in a report on Tuesday, March 19th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $390.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $407.75.

The Goldman Sachs Group Price Performance

Shares of NYSE GS traded up $9.03 during mid-day trading on Wednesday, reaching $415.21. The company had a trading volume of 2,352,854 shares, compared to its average volume of 2,340,738. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $416.76. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76. The business’s 50-day simple moving average is $387.82 and its 200 day simple moving average is $357.13. The firm has a market cap of $134.75 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.58 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The firm had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the business posted $3.32 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 32.6 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 29th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Wednesday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 48.20%.

The Goldman Sachs Group Company 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.