Brooklyn Investment Group Has $1.68 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Brooklyn Investment Group increased its stake in The Goldman Sachs Group by 67.8% in Q1, holding 3,072 shares valued at approximately $1.68 million.
• Analysts have varying views on Goldman Sachs, with target prices ranging from $600 to $715, and an average rating of "Hold" based on recent reports.
• The Goldman Sachs Group declared an increased quarterly dividend of $4.00 per share, reflecting a 33.3% rise from the previous dividend of $3.00.

Brooklyn Investment Group lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 67.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,072 shares of the investment management company's stock after buying an additional 1,241 shares during the quarter. Brooklyn Investment Group's holdings in The Goldman Sachs Group were worth $1,678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GS. GAMMA Investing LLC increased its position in The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after acquiring an additional 3,970,467 shares during the period. International Assets Investment Management LLC bought a new position in The Goldman Sachs Group during the first quarter worth $1,766,238,000. Castlekeep Investment Advisors LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth $944,334,000. Nuveen LLC bought a new position in The Goldman Sachs Group during the first quarter worth $897,185,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in The Goldman Sachs Group by 214.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,294,084 shares of the investment management company's stock worth $741,018,000 after acquiring an additional 882,099 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GS. HSBC reaffirmed a "reduce" rating and set a $627.00 target price (up previously from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Finally, JMP Securities reissued a "market perform" rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $660.00.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 7,463 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 18,594 shares of the company's stock, valued at $13,469,493.60. This trade represents a 28.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the transaction, the executive vice president directly owned 65,761 shares of the company's stock, valued at $47,176,283.79. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,079 shares of company stock valued at $14,423,221 in the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Price Performance

NYSE GS opened at $730.50 on Monday. The business has a 50 day simple moving average of $694.80 and a 200 day simple moving average of $617.51. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $749.05. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $221.14 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 1.55 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%. The business had revenue of $14.58 billion during the quarter, compared to analysts' expectations of $13.53 billion. During the same period in the prior year, the business earned $8.62 EPS. The Goldman Sachs Group's revenue for the quarter was up 14.5% compared to the same quarter last year. Analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a dividend of $4.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 annualized dividend and a dividend yield of 2.2%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio (DPR) is 26.44%.

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.

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