Brooklyn FI LLC Invests $844,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Brooklyn FI LLC purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, Holdings Channel reports. The fund purchased 1,511 shares of the investment management company’s stock, valued at approximately $844,000.

Other hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its holdings in shares of The Goldman Sachs Group by 2.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock valued at $129,144,000 after purchasing an additional 5,541 shares during the period. Erste Asset Management GmbH grew its position in The Goldman Sachs Group by 5.9% during the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock valued at $3,309,000 after purchasing an additional 320 shares in the last quarter. Franklin Street Advisors Inc. NC increased its stake in The Goldman Sachs Group by 8.1% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock valued at $21,934,000 after buying an additional 2,863 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $356,000. Finally, Park Edge Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $703,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Treasurer Carey Halio sold 1,545 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the transaction, the treasurer now directly owns 8,192 shares of the company’s stock, valued at $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Trading Up 1.1 %

The Goldman Sachs Group stock opened at $557.62 on Thursday. The business’s 50-day simple moving average is $611.14 and its 200-day simple moving average is $567.75. The Goldman Sachs Group, Inc. has a 52 week low of $386.00 and a 52 week high of $672.19. The firm has a market capitalization of $174.00 billion, a PE ratio of 13.75, a PEG ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The company had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.48 earnings per share. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.15%. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Analyst Ratings Changes

GS has been the subject of several recent research reports. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Oppenheimer downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Barclays boosted their price target on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $594.27.

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.