Brooklyn Investment Group Acquires 66 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Brooklyn Investment Group lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,831 shares of the investment management company’s stock after buying an additional 66 shares during the period. Brooklyn Investment Group’s holdings in The Goldman Sachs Group were worth $1,048,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Semmax Financial Advisors Inc. acquired a new position in shares of The Goldman Sachs Group during the second quarter worth about $26,000. Quest Partners LLC boosted its position in The Goldman Sachs Group by 6,300.0% during the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 63 shares during the last quarter. West Branch Capital LLC acquired a new position in The Goldman Sachs Group during the third quarter valued at approximately $30,000. DT Investment Partners LLC boosted its position in The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in The Goldman Sachs Group during the third quarter valued at approximately $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $626.84 on Friday. The business’s 50 day moving average is $586.47 and its 200-day moving average is $528.71. The Goldman Sachs Group, Inc. has a 1-year low of $372.07 and a 1-year high of $627.00. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market cap of $196.77 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same quarter last year, the company earned $5.48 EPS. The company’s revenue was up 22.5% on a year-over-year basis. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 37.24 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.91%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the sale, the chief executive officer now owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. This trade represents a 5.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the sale, the executive vice president now directly owns 57,614 shares in the company, valued at approximately $34,358,685.04. This trade represents a 10.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,940 shares of company stock valued at $12,656,179. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Oppenheimer reduced their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. JMP Securities increased their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $589.19.

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.