Brookstone Capital Management Buys 2,942 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Brookstone Capital Management increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 78.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,699 shares of the investment management company's stock after acquiring 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 SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Capital Advisory LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at approximately $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $30,000. Godsey & Gibb Inc. grew its holdings in The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after buying an additional 34 shares during the last quarter. Transce3nd LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $31,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on GS shares. Morgan Stanley lifted 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. Royal Bank Of Canada decreased their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. HSBC reissued a "reduce" rating and set a $627.00 price objective on shares of The Goldman Sachs Group in a report on Tuesday. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, 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 report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $614.00.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director directly owned 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

GS traded down $14.15 during trading on Tuesday, hitting $696.78. The company's stock had a trading volume of 3,098,904 shares, compared to its average volume of 2,404,468. The firm's 50 day moving average price is $620.36 and its two-hundred day moving average price is $593.17. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $726.00. The stock has a market capitalization of $213.80 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the previous year, the company posted $11.58 EPS. Sell-side 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. Stockholders of record on Friday, May 30th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.72%. The Goldman Sachs Group's payout ratio is currently 27.85%.

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.