The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Brookstone Capital Management

Brookstone Capital Management decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 18.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,757 shares of the investment management company’s stock after selling 825 shares during the period. Brookstone Capital Management’s holdings in The Goldman Sachs Group were worth $2,151,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Procyon Advisors LLC boosted its position in shares of The Goldman Sachs Group by 5.5% during the 3rd quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock valued at $411,000 after purchasing an additional 43 shares in the last quarter. Granite Bay Wealth Management LLC bought a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at about $5,529,000. Franklin Street Advisors Inc. NC boosted its position in shares of The Goldman Sachs Group by 8.1% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock valued at $21,934,000 after purchasing an additional 2,863 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of The Goldman Sachs Group by 30.3% during the 4th quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company’s stock valued at $122,453,000 after purchasing an additional 49,710 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of The Goldman Sachs Group by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 364,276 shares of the investment management company’s stock valued at $180,357,000 after purchasing an additional 7,644 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. Over 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.

Analysts Set New Price Targets

Several research firms have recently weighed in on GS. Bank of America raised their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th. JMP Securities raised their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. UBS Group reiterated a “neutral” rating and issued a $610.00 target price on shares of The Goldman Sachs Group in a report on Monday, January 6th. Finally, Evercore ISI raised their target price on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $569.31.

The Goldman Sachs Group Stock Performance

GS stock opened at $605.89 on Thursday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $190.19 billion, a P/E ratio of 17.78, a P/E/G ratio of 0.85 and a beta of 1.38. The firm has a 50 day simple moving average of $585.67 and a 200 day simple moving average of $527.58. The Goldman Sachs Group, Inc. has a 52 week low of $372.07 and a 52 week high of $612.73.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company posted $5.48 earnings per share. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current fiscal year.

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.