Beacon Investment Advisory Services Inc. Purchases 62 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Beacon Investment Advisory Services Inc. boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 534 shares of the investment management company’s stock after purchasing an additional 62 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in The Goldman Sachs Group were worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Thrivent Financial for Lutherans grew its holdings in shares of The Goldman Sachs Group by 4.6% in the second quarter. Thrivent Financial for Lutherans now owns 14,562 shares of the investment management company’s stock worth $6,586,000 after purchasing an additional 634 shares during the last quarter. Evergreen Capital Management LLC grew its stake in The Goldman Sachs Group by 3.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,530 shares of the investment management company’s stock worth $692,000 after acquiring an additional 56 shares in the last quarter. AXA S.A. increased its position in shares of The Goldman Sachs Group by 10.2% during the second quarter. AXA S.A. now owns 68,037 shares of the investment management company’s stock worth $30,774,000 after acquiring an additional 6,302 shares during the period. Daymark Wealth Partners LLC raised its stake in shares of The Goldman Sachs Group by 1.3% during the second quarter. Daymark Wealth Partners LLC now owns 132,535 shares of the investment management company’s stock valued at $59,948,000 after acquiring an additional 1,650 shares in the last quarter. Finally, MBB Public Markets I LLC boosted its holdings in shares of The Goldman Sachs Group by 2,409.0% in the second quarter. MBB Public Markets I LLC now owns 22,706 shares of the investment management company’s stock valued at $10,270,000 after purchasing an additional 21,801 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the subject of a number of research analyst reports. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Evercore ISI upped their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Bank of America upped their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company increased their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $591.06.

Insider Buying and Selling

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the sale, the insider now owns 9,589 shares of the company’s stock, valued at approximately $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,017 shares of company stock worth $19,655,538 in the last 90 days. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $638.68 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $374.24 and a fifty-two week high of $645.54. 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 firm has a market capitalization of $200.49 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.89 and a beta of 1.38. The stock’s 50-day simple moving average is $589.34 and its 200-day simple moving average is $533.75.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The Goldman Sachs Group’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.48 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 46.81 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.88%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

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.