Beckerman Institutional LLC Has $319,000 Position in The Goldman Sachs Group, Inc. $GS

Beckerman Institutional LLC cut its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 16.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 450 shares of the investment management company’s stock after selling 91 shares during the quarter. Beckerman Institutional LLC’s holdings in The Goldman Sachs Group were worth $319,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GS. Brighton Jones LLC increased its position in The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after purchasing an additional 508 shares in the last quarter. Revolve Wealth Partners LLC increased its position 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 worth $508,000 after purchasing an additional 58 shares in the last quarter. Capital Advisors Inc. OK boosted its stake in shares of The Goldman Sachs Group by 6.8% during the first quarter. Capital Advisors Inc. OK now owns 547 shares of the investment management company’s stock valued at $299,000 after purchasing an additional 35 shares in the last quarter. Callan Capital LLC boosted its stake in shares of The Goldman Sachs Group by 5.0% during the first quarter. Callan Capital LLC now owns 1,006 shares of the investment management company’s stock valued at $549,000 after purchasing an additional 48 shares in the last quarter. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of The Goldman Sachs Group during the first quarter valued at about $205,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $750.00 price target (up from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. Citigroup upped their price target on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 8th. BMO Capital Markets started coverage on shares of The Goldman Sachs Group in a research report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price target for the company. Finally, Citizens Jmp restated a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $779.50.

The Goldman Sachs Group Trading Up 0.7%

GS opened at $791.23 on Wednesday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The company has a fifty day moving average of $775.64 and a 200-day moving average of $696.77. The stock has a market cap of $239.52 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42.

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 for the quarter, topping 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 company had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $13.68 billion. During the same period in the prior year, the company posted $8.40 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. 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 dividend payout ratio is 32.50%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,000 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the completion of the sale, the chief operating officer directly owned 106,268 shares in the company, valued at $79,755,196.68. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is currently owned by company insiders.

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.