Brown Financial Advisors Buys New Shares in The Goldman Sachs Group, Inc. (NYSE:GS)

Brown Financial Advisors purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,666 shares of the investment management company’s stock, valued at approximately $2,111,000.

Other hedge funds also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC raised its position in The Goldman Sachs Group by 0.8% in the second quarter. Waldron Private Wealth LLC now owns 2,399 shares of the investment management company’s stock valued at $1,085,000 after purchasing an additional 20 shares during the period. Fulton Bank N.A. raised its position in The Goldman Sachs Group by 0.8% in the second quarter. Fulton Bank N.A. now owns 2,727 shares of the investment management company’s stock valued at $1,233,000 after purchasing an additional 22 shares during the period. Nicholas Hoffman & Company LLC. raised its position in The Goldman Sachs Group by 1.1% in the second quarter. Nicholas Hoffman & Company LLC. now owns 1,975 shares of the investment management company’s stock valued at $893,000 after purchasing an additional 22 shares during the period. Jacobi Capital Management LLC raised its position in The Goldman Sachs Group by 1.5% in the first quarter. Jacobi Capital Management LLC now owns 1,564 shares of the investment management company’s stock valued at $653,000 after purchasing an additional 23 shares during the period. Finally, Mayflower Financial Advisors LLC raised its position in The Goldman Sachs Group by 1.2% in the second quarter. Mayflower Financial Advisors LLC now owns 2,019 shares of the investment management company’s stock valued at $913,000 after purchasing an additional 23 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In related news, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the transaction, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the sale, the insider now owns 12,095 shares in the company, valued at approximately $6,119,949.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the transaction, the director now owns 12,450 shares in the company, valued at $6,287,748. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Oppenheimer boosted their price target on shares of The Goldman Sachs Group from $504.00 to $559.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Finally, Citigroup boosted their price target on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $496.44.

The Goldman Sachs Group Stock Down 0.9 %

Shares of NYSE GS opened at $490.41 on Wednesday. The stock has a market cap of $158.14 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $517.26. The business has a 50-day moving average price of $492.37 and a 200 day moving average price of $460.46. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The business had revenue of $12.73 billion for the quarter, compared to analyst estimates of $12.60 billion. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 35.43 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.45%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date was Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

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.