Boston Research & Management Inc. Makes New Investment in The Goldman Sachs Group, Inc. $GS

Boston Research & Management Inc. acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 300 shares of the investment management company’s stock, valued at approximately $212,000.

A number of other hedge funds also recently made changes to their positions in GS. Brighton Jones LLC grew its position in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares during the period. Revolve Wealth Partners LLC boosted its stake in The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 58 shares during the last quarter. Advisor OS LLC boosted its stake in The Goldman Sachs Group by 5.3% in the first quarter. Advisor OS LLC now owns 473 shares of the investment management company’s stock valued at $259,000 after acquiring an additional 24 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of The Goldman Sachs Group by 7.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 23,458 shares of the investment management company’s stock valued at $12,815,000 after acquiring an additional 1,635 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of The Goldman Sachs Group by 8.1% during the 1st quarter. Cetera Investment Advisers now owns 84,520 shares of the investment management company’s stock worth $46,172,000 after purchasing an additional 6,327 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $750.51, for a total value of $6,754,590.00. Following the transaction, the chief operating officer directly owned 106,268 shares in the company, valued at $79,755,196.68. This represents a 7.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Up 0.1%

Shares of The Goldman Sachs Group stock opened at $774.74 on Friday. The company’s 50-day moving average price is $786.01 and its 200-day moving average price is $718.34. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $841.28. The company has a market cap of $232.37 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.43 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the previous year, the company earned $8.40 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays upped their price objective on The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Dbs Bank lifted their price objective on The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Morgan Stanley lowered their price objective on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 15th. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $786.00.

The Goldman Sachs Group 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.