The Goldman Sachs Group, Inc. $GS Stock Purchased by Brighton Jones LLC

Brighton Jones LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 26.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,949 shares of the investment management company’s stock after acquiring an additional 1,658 shares during the period. Brighton Jones LLC’s holdings in The Goldman Sachs Group were worth $7,157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Turim 21 Investimentos Ltda. acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $25,000. Strive Financial Group LLC boosted its position in The Goldman Sachs Group by 316.7% during the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock valued at $25,000 after purchasing an additional 19 shares during the period. BOK Financial Private Wealth Inc. boosted its position in The Goldman Sachs Group by 188.9% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 17 shares during the period. Cherry Tree Wealth Management LLC boosted its position in The Goldman Sachs Group by 100.0% during the 3rd quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. Finally, Clearstead Trust LLC bought a new position in The Goldman Sachs Group during the 2nd quarter worth $33,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

More The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Bank of America Securities maintained its Buy rating and $1,050 price target, citing stronger client relationships, growth investments and resilient fee income. Goldman Sachs Earns Buy Rating
• Positive Sentiment: ETFs were reported to have bought a net $108.5 million of GS shares on Nov. 4, indicating institutional fund demand, though flows can fluctuate. ETFs Bought Goldman Shares
• Neutral Sentiment: The Supreme Court agreed to consider Goldman’s bid over whether bankruptcy courts can override arbitration agreements. The decision could affect the enforceability of arbitration agreements, but the outcome and financial implications are not yet known. Supreme Court to Hear Goldman Sachs’ Bankruptcy Arbitration Bid
• Negative Sentiment: Goldman’s trading desk reportedly saw buyers disappear during a sharp technology-led market selloff. That broad risk-off backdrop may weigh on the shares regardless of company-specific fundamentals. Goldman Sachs’ Trading Desk Sees Buyers Disappear During Selloff

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GS. Weiss Ratings lowered The Goldman Sachs Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Citigroup reissued a “market perform” rating on shares of The Goldman Sachs Group in a report on Wednesday, October 14th. Jefferies Financial Group set a $1,299.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. HSBC upped their price target on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the stock a “hold” rating in a research report on Monday, September 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $955.00 to $970.00 and gave the stock a “neutral” rating in a report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $1,052.04.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CEO David Solomon sold 12,000 shares of the firm’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following the transaction, the chief executive officer directly owned 159,180 shares of the company’s stock, valued at approximately $144,968,409.60. This trade represents a 7.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ericka Leslie sold 250 shares of The Goldman Sachs Group stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $890.25, for a total transaction of $222,562.50. Following the sale, the insider owned 10,710 shares in the company, valued at approximately $9,534,577.50. This represents a 2.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 12,500 shares of company stock valued at $11,380,508. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $865.88 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $754.00 and a 12-month high of $1,153.99. The company has a market cap of $249.75 billion, a PE ratio of 12.45, a P/E/G ratio of 0.81 and a beta of 1.29. The stock has a 50 day simple moving average of $932.40 and a 200-day simple moving average of $956.58. The company has a current ratio of 0.61, a quick ratio of 0.63 and a debt-to-equity ratio of 3.20.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, beating the consensus estimate of $12.86 by $4.15. The firm had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $16.83 billion. The Goldman Sachs Group had a return on equity of 20.21% and a net margin of 15.77%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same period last year, the firm earned $12.25 EPS. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be paid a $5.00 dividend. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 annualized dividend and a dividend yield of 2.3%. The Goldman Sachs Group’s dividend payout ratio is presently 28.76%.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global financial services firm founded in 1869 and headquartered in New York City. It serves corporations, financial institutions, governments and individuals across major financial markets worldwide.

The company’s businesses include investment banking, global markets, and asset and wealth management. Its services include advising on mergers and acquisitions and other strategic transactions, helping clients raise capital, facilitating trading and risk management, and managing investments and wealth for institutions and individuals.

Goldman Sachs also provides consumer financial products and digital financial services.