Brighton Jones LLC Sells 495 Shares of The Goldman Sachs Group, Inc. $GS

Brighton Jones LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 12.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,621 shares of the investment management company’s stock after selling 495 shares during the quarter. Brighton Jones LLC’s holdings in The Goldman Sachs Group were worth $2,563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Leavell Investment Management Inc. increased its position in shares of The Goldman Sachs Group by 19.4% during the second quarter. Leavell Investment Management Inc. now owns 5,547 shares of the investment management company’s stock valued at $3,926,000 after acquiring an additional 900 shares during the last quarter. Brian Low Financial Group LLC purchased a new stake in shares of The Goldman Sachs Group during the second quarter valued at approximately $1,036,000. Fielder Capital Group LLC increased its position in shares of The Goldman Sachs Group by 2.5% during the second quarter. Fielder Capital Group LLC now owns 700 shares of the investment management company’s stock valued at $495,000 after acquiring an additional 17 shares during the last quarter. Allied Investment Advisors LLC increased its position in shares of The Goldman Sachs Group by 0.3% during the second quarter. Allied Investment Advisors LLC now owns 22,176 shares of the investment management company’s stock valued at $15,695,000 after acquiring an additional 71 shares during the last quarter. Finally, Ranch Capital Advisors Inc. increased its position in shares of The Goldman Sachs Group by 9.9% during the second quarter. Ranch Capital Advisors Inc. now owns 1,155 shares of the investment management company’s stock valued at $817,000 after acquiring an additional 104 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GS has been the subject of a number of research analyst reports. Evercore ISI increased their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. JMP Securities reissued a “market perform” rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Royal Bank Of Canada reissued a “neutral” rating and issued a $843.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Hsbc Global Res downgraded The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Finally, Citigroup raised their target price on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $779.50.

Insider Buying and Selling at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the sale, the chief operating officer owned 115,268 shares of the company’s stock, valued at approximately $86,463,679.48. This trade represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $784.09 on Monday. The stock has a market cap of $237.36 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The stock has a fifty day moving average of $767.57 and a 200-day moving average of $681.50.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating the consensus estimate of $10.27 by $1.98. The company had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $8.40 earnings per share. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group’s payout ratio is 32.50%.

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.