Brighton Jones LLC Purchases 642 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Brighton Jones LLC raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 18.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,116 shares of the investment management company's stock after purchasing an additional 642 shares during the period. Brighton Jones LLC's holdings in The Goldman Sachs Group were worth $2,249,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Pointe Capital Management LLC raised its stake in The Goldman Sachs Group by 1.0% during the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock worth $951,000 after buying an additional 16 shares during the period. Blackston Financial Advisory Group LLC increased its holdings in shares of The Goldman Sachs Group by 2.1% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 831 shares of the investment management company's stock worth $476,000 after acquiring an additional 17 shares in the last quarter. Delta Financial Advisors LLC raised its position in shares of The Goldman Sachs Group by 0.3% during the fourth quarter. Delta Financial Advisors LLC now owns 6,861 shares of the investment management company's stock worth $3,929,000 after purchasing an additional 18 shares during the period. Prestige Wealth Management Group LLC lifted its holdings in shares of The Goldman Sachs Group by 1.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company's stock valued at $950,000 after purchasing an additional 18 shares in the last quarter. Finally, Wynn Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 0.3% during the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock valued at $3,211,000 after purchasing an additional 20 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Trading Down 1.9%

NYSE GS opened at $613.07 on Monday. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. 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 stock has a 50 day moving average of $568.13 and a 200-day moving average of $583.21. The company has a market cap of $188.12 billion, a PE ratio of 15.12, a PEG ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter last year, the company posted $11.58 earnings per share. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is currently 27.85%.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen downgraded shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a report on Saturday. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Evercore ISI reduced their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Morgan Stanley set a $558.00 price target on The Goldman Sachs Group and gave the company an "equal weight" rating in a research note on Monday, April 7th. Finally, Barclays cut their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $593.40.

About The Goldman Sachs Group

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.

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