Castle Wealth Management LLC Purchases 32 Shares of The Goldman Sachs Group, Inc. $GS

Castle Wealth Management LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,063 shares of the investment management company’s stock after buying an additional 32 shares during the period. Castle Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $1,460,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC raised its stake in The Goldman Sachs Group by 617,504.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after buying an additional 29,053,586 shares during the last quarter. Northern Trust Corp raised its stake in The Goldman Sachs Group by 1.2% during the first quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock worth $1,820,677,000 after buying an additional 40,125 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in The Goldman Sachs Group by 6.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock worth $1,138,527,000 after buying an additional 120,272 shares during the last quarter. Amundi raised its stake in The Goldman Sachs Group by 13.6% during the first quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock worth $967,193,000 after buying an additional 225,993 shares during the last quarter. Finally, Nuveen LLC bought a new stake in The Goldman Sachs Group in the first quarter valued at $897,185,000. Institutional investors own 71.21% of the company’s stock.

Insider Activity

In related news, CFO Denis P. Coleman sold 7,463 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the transaction, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John E. Waldron sold 9,244 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the transaction, the chief operating officer owned 115,268 shares in the company, valued at approximately $86,463,679.48. This trade represents a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,707 shares of company stock worth $19,094,804. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $750.00 price target (up from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday. HSBC lifted their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Daiwa Capital Markets lifted their price target on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. BMO Capital Markets assumed coverage on shares of The Goldman Sachs Group in a research note on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Wednesday, October 8th. Three 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 stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $779.50.

The Goldman Sachs Group Stock Down 2.0%

Shares of NYSE GS opened at $744.18 on Thursday. The stock has a market capitalization of $225.28 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.39 and a beta of 1.42. The company has a 50-day moving average price of $766.42 and a 200-day moving average price of $674.65. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The firm had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $8.40 earnings per share. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 2.2%. The Goldman Sachs Group’s payout ratio is 32.50%.

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.