TrimTabs Asset Management LLC Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

TrimTabs Asset Management LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 6,771 shares of the investment management company’s stock, valued at approximately $2,216,000. The Goldman Sachs Group accounts for approximately 1.1% of TrimTabs Asset Management LLC’s portfolio, making the stock its 14th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC increased its holdings in The Goldman Sachs Group by 50.4% during the 4th quarter. Kestra Advisory Services LLC now owns 19,914 shares of the investment management company’s stock worth $5,167,000 after purchasing an additional 6,674 shares in the last quarter. Mitchell Capital Management Co. increased its holdings in The Goldman Sachs Group by 119.4% during the 4th quarter. Mitchell Capital Management Co. now owns 8,177 shares of the investment management company’s stock worth $2,156,000 after purchasing an additional 4,450 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in The Goldman Sachs Group by 216.4% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 93,176 shares of the investment management company’s stock worth $18,726,000 after purchasing an additional 63,726 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of The Goldman Sachs Group by 0.9% in the fourth quarter. Pzena Investment Management LLC now owns 919,490 shares of the investment management company’s stock valued at $242,479,000 after acquiring an additional 8,414 shares during the last quarter. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD raised its holdings in The Goldman Sachs Group by 4.4% during the fourth quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 11,280 shares of the investment management company’s stock worth $2,975,000 after acquiring an additional 471 shares in the last quarter. Hedge funds and other institutional investors own 68.05% of the company’s stock.

Shares of The Goldman Sachs Group stock traded up $0.01 on Thursday, hitting $326.56. The stock had a trading volume of 35,491 shares, compared to its average volume of 3,223,186. The Goldman Sachs Group, Inc. has a twelve month low of $165.36 and a twelve month high of $356.85. The business’s 50 day moving average is $330.16 and its two-hundred day moving average is $263.63. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.63. The stock has a market cap of $112.92 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 0.65 and a beta of 1.50.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, January 18th. The investment management company reported $12.08 EPS for the quarter, beating the consensus estimate of $7.47 by $4.61. The company had revenue of $11.74 billion for the quarter, compared to the consensus estimate of $10.07 billion. The Goldman Sachs Group had a return on equity of 11.23% and a net margin of 16.65%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.69 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 26.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 30th. Investors of record on Tuesday, March 2nd were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Monday, March 1st. The Goldman Sachs Group’s dividend payout ratio is currently 23.78%.

In related news, EVP John F.W. Rogers sold 10,000 shares of the stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $313.25, for a total transaction of $3,132,500.00. Also, CFO Stephen M. Scherr sold 20,000 shares of the stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $312.61, for a total value of $6,252,200.00. Insiders have sold 40,748 shares of company stock worth $12,371,892 in the last three months. 0.60% of the stock is currently owned by company insiders.

Several research firms recently issued reports on GS. Citigroup upped their target price on The Goldman Sachs Group from $357.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, January 22nd. BMO Capital Markets upped their target price on The Goldman Sachs Group from $307.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, January 20th. Evercore ISI upped their target price on The Goldman Sachs Group from $288.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday, January 20th. Royal Bank of Canada upped their target price on The Goldman Sachs Group from $225.00 to $319.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 20th. Finally, Morgan Stanley upped their target price on The Goldman Sachs Group from $304.00 to $332.00 and gave the stock an “underweight” rating in a report on Monday, March 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $314.64.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.

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

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