Brookwood Investment Group LLC Sells 108 Shares of The Goldman Sachs Group, Inc. $GS

Brookwood Investment Group LLC lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,883 shares of the investment management company’s stock after selling 108 shares during the period. Brookwood Investment Group LLC’s holdings in The Goldman Sachs Group were worth $1,332,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Yukon Wealth Management Inc. raised its stake in shares of The Goldman Sachs Group by 1.6% during the second quarter. Yukon Wealth Management Inc. now owns 2,138 shares of the investment management company’s stock valued at $1,513,000 after acquiring an additional 34 shares during the last quarter. GoalVest Advisory LLC raised its stake in The Goldman Sachs Group by 2.2% during the second quarter. GoalVest Advisory LLC now owns 2,695 shares of the investment management company’s stock worth $1,907,000 after buying an additional 57 shares during the last quarter. Banco Santander S.A. raised its stake in The Goldman Sachs Group by 6.1% during the second quarter. Banco Santander S.A. now owns 47,410 shares of the investment management company’s stock worth $33,554,000 after buying an additional 2,709 shares during the last quarter. Solstein Capital LLC raised its stake in The Goldman Sachs Group by 26.2% during the second quarter. Solstein Capital LLC now owns 299 shares of the investment management company’s stock worth $212,000 after buying an additional 62 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its stake in The Goldman Sachs Group by 49.3% during the second quarter. Resonant Capital Advisors LLC now owns 1,169 shares of the investment management company’s stock worth $827,000 after buying an additional 386 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GS. Citigroup lifted their target price on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Wall Street Zen raised shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. BMO Capital Markets began coverage on shares of The Goldman Sachs Group in a research note on Friday, October 3rd. They set a “market perform” rating and a $785.00 target price for the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $750.00 target price (up previously from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. Finally, Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $779.50.

Insider Activity

In other news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer directly owned 115,268 shares in the company, valued at $86,463,679.48. This trade represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Up 4.4%

GS opened at $784.09 on Monday. 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 current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The company has a market cap of $237.36 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The company has a fifty day moving average price of $767.57 and a two-hundred day moving average price of $681.50.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share 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 firm had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same period in the previous year, the firm posted $8.40 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be paid a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is 32.50%.

The Goldman Sachs Group Company 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.