Brookstone Capital Management Has $6.03 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

Brookstone Capital Management raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 9.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,567 shares of the investment management company’s stock after buying an additional 656 shares during the period. Brookstone Capital Management’s holdings in The Goldman Sachs Group were worth $6,026,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Dogwood Wealth Management LLC lifted its stake in shares of The Goldman Sachs Group by 1,800.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 36 shares during the period. Elevation Wealth Partners LLC boosted its stake in The Goldman Sachs Group by 100.0% during the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after acquiring an additional 20 shares in the last quarter. Clearstead Trust LLC acquired a new stake in The Goldman Sachs Group in the second quarter worth $31,000. Graney & King LLC grew its holdings in The Goldman Sachs Group by 51.5% in the second quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock worth $35,000 after purchasing an additional 17 shares during the period. Finally, Ridgewood Investments LLC increased its stake in The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

GS has been the subject of several research reports. Rothschild & Co Redburn raised their target price on The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada raised their price target on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the company a “sector perform” rating in a research report on Friday, December 12th. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Finally, Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $870.00 to $971.00 and gave the company a “market perform” rating in a research report on Wednesday, December 17th. Four investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and an average target price of $792.67.

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: High-profile endorsement: TV investor Jim Cramer says he holds GS in a charitable trust and highlights the stock’s strong YTD gain and benefits from market activity and lower rates, a sentiment booster for retail investors. I Have Goldman Sachs (GS) in My Charitable Trust, Says Jim Cramer
• Neutral Sentiment: Research product — AT&T outlook: Goldman Sachs’ analysts forecast AT&T will accelerate buybacks as free cash flow grows; this is a sell-side call that underscores GS’s ongoing research revenue stream but is not a direct corporate catalyst for GS shares. Goldman Sachs Forecasts AT&T (T) Buyback Ramp-Up Fueled by 8% Free Cash Flow Growth
• Neutral Sentiment: Macro/research insight on layoffs: Goldman research finds investor reactions to layoffs have shifted (stocks now decline on average after cuts). This strengthens GS’s franchise as a market commentator but doesn’t directly move GS’s fundamentals. Goldman Sachs expects layoffs to keep rising—and says investors are punishing the stocks of companies that slash staff
• Neutral Sentiment: 1MDB courtroom development: Former Malaysian PM Najib Razak convicted in the 1MDB scandal; historically linked cases can keep legal/regulatory risks in public view, but this specific conviction is not a new direct exposure for GS. Former Malaysian Prime Minister Najib Razak convicted in trial over 1MDB corruption scandal
• Negative Sentiment: Private-credit troubles: The WSJ reports Goldman’s private-credit business is struggling to unwind soured loans and reposition portfolios, which could weigh on fee income, raise mark-to-market losses for alternatives, and increase investor scrutiny of GS’s asset-management unit. This is a direct portfolio/earnings risk. Goldman Sachs’s Private-Credit Company Struggles to Clean Up Soured Bets
• Negative Sentiment: Third‑party data breach risk: Goldman alerted some alternative-fund investors that client data may have been exposed after a cybersecurity incident at law firm Fried Frank, raising reputational, client‑notification and potential legal costs. Investors often react negatively to operational/cyber risks. Goldman Sachs Says Some Client Data May Have Been Exposed in Third-Party Data Breach

The Goldman Sachs Group Stock Down 0.3%

GS opened at $907.94 on Friday. The company has a market cap of $272.32 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.20 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $919.10. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53. The company has a 50 day moving average of $823.96 and a 200 day moving average of $763.20.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The company had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same period last year, the business earned $8.40 earnings per share. The Goldman Sachs Group’s revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 1.8%. The Goldman Sachs Group’s payout ratio is presently 32.50%.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.