The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 4.0% during the second quarter, HoldingsChannel reports. The firm owned 3,261 shares of the investment management company’s stock after purchasing an additional 124 shares during the quarter. Brookstone Capital Management’s holdings in The Goldman Sachs Group were worth $967,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of GS. Vanguard Group Inc. boosted its holdings in The Goldman Sachs Group by 17.0% during the first quarter. Vanguard Group Inc. now owns 30,583,504 shares of the investment management company’s stock worth $10,095,615,000 after buying an additional 4,451,999 shares in the last quarter. Norges Bank purchased a new stake in The Goldman Sachs Group during the fourth quarter worth $808,203,000. State Street Corp boosted its holdings in The Goldman Sachs Group by 2.9% during the fourth quarter. State Street Corp now owns 21,484,443 shares of the investment management company’s stock worth $8,218,874,000 after buying an additional 600,643 shares in the last quarter. BlackRock Inc. boosted its holdings in The Goldman Sachs Group by 2.5% during the fourth quarter. BlackRock Inc. now owns 23,795,472 shares of the investment management company’s stock worth $9,102,958,000 after buying an additional 570,001 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in The Goldman Sachs Group by 58.5% during the first quarter. Wellington Management Group LLP now owns 1,298,015 shares of the investment management company’s stock worth $428,474,000 after buying an additional 479,032 shares in the last quarter. Institutional investors and hedge funds own 69.08% of the company’s stock.

The Goldman Sachs Group Trading Down 0.8 %

Shares of GS stock opened at $320.71 on Thursday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $109.48 billion, a PE ratio of 7.25, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The company has a 50-day moving average of $332.29 and a two-hundred day moving average of $320.85. The Goldman Sachs Group, Inc. has a 1-year low of $277.84 and a 1-year high of $426.16.

The Goldman Sachs Group (NYSE:GSGet Rating) last announced its earnings results on Monday, July 18th. The investment management company reported $7.73 earnings per share for the quarter, topping the consensus estimate of $6.99 by $0.74. The company had revenue of $11.86 billion during the quarter, compared to analyst estimates of $10.70 billion. The Goldman Sachs Group had a net margin of 27.75% and a return on equity of 15.89%. The Goldman Sachs Group’s revenue was down 22.9% compared to the same quarter last year. During the same quarter last year, the firm posted $15.02 earnings per share. On average, analysts predict that The Goldman Sachs Group, Inc. will post 34.18 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, August 10th. Stockholders of record on Tuesday, July 26th were paid a $2.50 dividend. The ex-dividend date was Monday, July 25th. The Goldman Sachs Group’s payout ratio is 22.61%.

Insider Activity

In other news, Treasurer Philip R. Berlinski sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $348.62, for a total value of $2,788,960.00. Following the completion of the transaction, the treasurer now owns 13,745 shares of the company’s stock, valued at $4,791,781.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Treasurer Philip R. Berlinski sold 8,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $348.62, for a total value of $2,788,960.00. Following the completion of the transaction, the treasurer now owns 13,745 shares in the company, valued at $4,791,781.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Goldman Sachs Group Inc sold 78,131 shares of The Goldman Sachs Group stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $27.01, for a total transaction of $2,110,318.31. Following the completion of the transaction, the director now owns 439,180 shares of the company’s stock, valued at approximately $11,862,251.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 793,689 shares of company stock valued at $23,413,742. 0.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on GS. Piper Sandler decreased their price objective on shares of The Goldman Sachs Group from $430.00 to $410.00 and set an “overweight” rating on the stock in a report on Friday, July 1st. Morgan Stanley decreased their price objective on shares of The Goldman Sachs Group from $418.00 to $354.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of The Goldman Sachs Group from $430.00 to $370.00 and set a “hold” rating on the stock in a report on Monday, September 12th. Citigroup reduced their target price on shares of The Goldman Sachs Group from $400.00 to $360.00 in a research report on Tuesday, July 12th. Finally, Credit Suisse Group set a $415.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $410.79.

About The Goldman Sachs Group

(Get Rating)

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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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

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