Brookstone Capital Management Purchases 124 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Brookstone Capital Management lifted its position in The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC purchased a new position in The Goldman Sachs Group in the first quarter worth $26,000. Nauset Wealth Management. LLC purchased a new position in The Goldman Sachs Group in the first quarter worth $27,000. Orion Capital Management LLC grew its position in The Goldman Sachs Group by 690.9% in the first quarter. Orion Capital Management LLC now owns 87 shares of the investment management company’s stock worth $29,000 after acquiring an additional 76 shares in the last quarter. Elkhorn Partners Limited Partnership purchased a new position in The Goldman Sachs Group in the first quarter worth $33,000. Finally, Karlinski Andrew C purchased a new stake in The Goldman Sachs Group during the first quarter valued at about $33,000. Institutional investors own 69.08% of the company’s stock.

The Goldman Sachs Group Trading Down 0.8 %

NYSE:GS opened at $320.71 on Thursday. The company’s 50 day moving average price is $332.29 and its 200-day moving average price is $320.85. The Goldman Sachs Group, Inc. has a 52 week low of $277.84 and a 52 week high of $426.16. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.34. The stock has a market cap of $109.48 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 0.75 and a beta of 1.36.

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

The Goldman Sachs Group Announces Dividend

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

Wall Street Analyst Weigh In

GS has been the subject of a number of analyst reports. Barclays dropped their target price on shares of The Goldman Sachs Group from $505.00 to $450.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. Credit Suisse Group set a $415.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, July 19th. Morgan Stanley decreased their target price on shares of The Goldman Sachs Group from $418.00 to $354.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of The Goldman Sachs Group from $430.00 to $370.00 and set a “hold” rating for the company in a research note on Monday, September 12th. Finally, Piper Sandler decreased their target price on shares of The Goldman Sachs Group from $430.00 to $410.00 and set an “overweight” rating for the company in a research note on Friday, July 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $410.79.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Philip R. Berlinski sold 8,000 shares of The Goldman Sachs Group stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $348.62, for a total transaction of $2,788,960.00. Following the transaction, the treasurer now owns 13,745 shares in the company, valued at approximately $4,791,781.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 8,000 shares of The Goldman Sachs Group stock in a transaction 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 sale, the treasurer now directly owns 13,745 shares in the company, valued at approximately $4,791,781.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Goldman Sachs Group Inc sold 31,735 shares of The Goldman Sachs Group stock in a transaction on Monday, August 29th. The shares were sold at an average price of $25.09, for a total transaction of $796,231.15. Following the completion of the sale, the director now owns 486,769 shares in the company, valued at $12,213,034.21. The disclosure for this sale can be found here. Insiders have sold 793,689 shares of company stock worth $23,413,742 in the last 90 days. 0.57% of the stock is currently owned by insiders.

About The Goldman Sachs Group

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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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