Brookstone Capital Management Increases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Brookstone Capital Management grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,389 shares of the investment management company’s stock after acquiring an additional 1,123 shares during the quarter. Brookstone Capital Management’s holdings in The Goldman Sachs Group were worth $3,268,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Wedmont Private Capital boosted its holdings in shares of The Goldman Sachs Group by 24.7% during the 4th quarter. Wedmont Private Capital now owns 3,398 shares of the investment management company’s stock valued at $1,183,000 after acquiring an additional 672 shares during the last quarter. Legacy Private Trust Co. boosted its holdings in shares of The Goldman Sachs Group by 11.2% during the 4th quarter. Legacy Private Trust Co. now owns 14,798 shares of the investment management company’s stock valued at $5,081,000 after acquiring an additional 1,493 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of The Goldman Sachs Group by 1.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 12,645 shares of the investment management company’s stock worth $4,342,000 after purchasing an additional 161 shares during the period. General Partner Inc. bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $288,000. Finally, Optimum Investment Advisors lifted its stake in shares of The Goldman Sachs Group by 12.5% in the 4th quarter. Optimum Investment Advisors now owns 2,700 shares of the investment management company’s stock worth $927,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 69.09% of the company’s stock.

The Goldman Sachs Group Trading Down 3.7 %

The Goldman Sachs Group stock opened at $303.54 on Friday. The stock has a market cap of $101.81 billion, a P/E ratio of 10.10, a PEG ratio of 0.61 and a beta of 1.42. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.90 and a quick ratio of 0.90. The Goldman Sachs Group, Inc. has a 1 year low of $277.84 and a 1 year high of $389.58. The firm’s 50 day moving average price is $355.30 and its 200-day moving average price is $346.44.

The Goldman Sachs Group (NYSE:GSGet Rating) last released its quarterly earnings data on Tuesday, January 17th. The investment management company reported $3.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.25 by ($1.93). The company had revenue of $10.59 billion for the quarter, compared to the consensus estimate of $10.91 billion. The Goldman Sachs Group had a net margin of 16.39% and a return on equity of 10.55%. The company’s quarterly revenue was down 16.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.81 EPS. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 33.14 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Thursday, March 2nd will be issued a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Wednesday, March 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 33.27%.

Analyst Ratings Changes

Several brokerages have recently weighed in on GS. Bank of America increased their price objective on shares of The Goldman Sachs Group from $384.00 to $425.00 in a research note on Thursday, March 9th. Oppenheimer increased their price objective on shares of The Goldman Sachs Group from $441.00 to $463.00 and gave the stock an “outperform” rating in a research note on Thursday, February 2nd. Barclays increased their price objective on shares of The Goldman Sachs Group from $410.00 to $495.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. StockNews.com began coverage on shares of The Goldman Sachs Group in a research note on Thursday. They issued a “hold” rating on the stock. Finally, JMP Securities restated a “market outperform” rating and set a $470.00 target price on shares of The Goldman Sachs Group in a research note on Monday, March 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $399.24.

Insider Activity at The Goldman Sachs Group

In related news, major shareholder Goldman Sachs Group Inc sold 3,749 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $10.58, for a total value of $39,664.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is currently owned by insiders.

About The Goldman Sachs Group

(Get Rating)

The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

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

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