The Goldman Sachs Group, Inc. $GS Shares Bought by Sigma Planning Corp

Sigma Planning Corp grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,975 shares of the investment management company’s stock after acquiring an additional 215 shares during the quarter. Sigma Planning Corp’s holdings in The Goldman Sachs Group were worth $6,352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 58 shares during the last quarter. Silver Oak Securities Incorporated increased its holdings in shares of The Goldman Sachs Group by 8.4% in the first quarter. Silver Oak Securities Incorporated now owns 568 shares of the investment management company’s stock valued at $308,000 after purchasing an additional 44 shares during the period. Brookstone Capital Management increased its holdings in shares of The Goldman Sachs Group by 78.3% in the first quarter. Brookstone Capital Management now owns 6,699 shares of the investment management company’s stock valued at $3,660,000 after purchasing an additional 2,942 shares during the period. Finally, Capital Investment Advisory Services LLC raised its stake in shares of The Goldman Sachs Group by 4.6% in the first quarter. Capital Investment Advisory Services LLC now owns 1,692 shares of the investment management company’s stock worth $924,000 after purchasing an additional 74 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GS shares. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a report on Friday, October 17th. BNP Paribas Exane upped their price target on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a report on Friday, October 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $750.00 price target (up from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Morgan Stanley decreased their price objective on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a report on Wednesday, October 15th. Finally, Citizens Jmp restated a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $779.50.

The Goldman Sachs Group Stock Down 0.1%

Shares of GS opened at $789.50 on Monday. The firm has a market cap of $239.00 billion, a P/E ratio of 16.04, a PEG ratio of 1.43 and a beta of 1.42. The stock’s 50 day moving average is $773.85 and its two-hundred day moving average is $692.85. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25.

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

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio is currently 32.50%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the firm’s 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 $86,463,679.48. This trade represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.55% of the company’s stock.

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.