Brookstone Capital Management Grows Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Brookstone Capital Management raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 78.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,699 shares of the investment management company's stock after purchasing an additional 2,942 shares during the period. Brookstone Capital Management's holdings in The Goldman Sachs Group were worth $3,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC boosted its position in shares of The Goldman Sachs Group by 45.2% in the first quarter. Catalyst Capital Advisors LLC now owns 527 shares of the investment management company's stock valued at $288,000 after acquiring an additional 164 shares during the period. SMART Wealth LLC bought a new position in The Goldman Sachs Group during the 1st quarter worth $810,000. IFM Investors Pty Ltd grew its position in The Goldman Sachs Group by 9.9% in the first quarter. IFM Investors Pty Ltd now owns 65,174 shares of the investment management company's stock valued at $35,604,000 after acquiring an additional 5,864 shares during the last quarter. GF Fund Management CO. LTD. raised its holdings in The Goldman Sachs Group by 193.3% in the 1st quarter. GF Fund Management CO. LTD. now owns 1,959 shares of the investment management company's stock valued at $1,070,000 after buying an additional 1,291 shares during the last quarter. Finally, 44 Wealth Management LLC lifted its stake in The Goldman Sachs Group by 1.1% in the first quarter. 44 Wealth Management LLC now owns 2,825 shares of the investment management company's stock valued at $1,543,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

Insiders Place Their Bets

In other news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director owned 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Trading Up 0.0%

Shares of NYSE GS traded up $0.23 on Wednesday, reaching $697.51. 1,125,922 shares of the company traded hands, compared to its average volume of 2,400,036. The company has a 50 day moving average of $623.32 and a 200 day moving average of $593.89. The stock has a market capitalization of $214.02 billion, a PE ratio of 16.19, a P/E/G ratio of 0.97 and a beta of 1.35. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $726.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same quarter last year, the business posted $11.58 earnings per share. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.72%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a report on Monday, June 23rd. Barclays cut their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Citigroup decreased their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Royal Bank Of Canada dropped their target price on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. Finally, Wall Street Zen lowered The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus target price of $614.00.

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.