Beacon Financial Advisory LLC Acquires Shares of 782 The Goldman Sachs Group, Inc. (NYSE:GS)

Beacon Financial Advisory LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 782 shares of the investment management company’s stock, valued at approximately $256,000.

A number of other hedge funds have also recently bought and sold shares of the business. Azora Capital LP grew its holdings in shares of The Goldman Sachs Group by 33.5% in the third quarter. Azora Capital LP now owns 332,519 shares of the investment management company’s stock worth $66,826,000 after purchasing an additional 83,383 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in The Goldman Sachs Group by 216.4% in the third quarter. Schonfeld Strategic Advisors LLC now owns 93,176 shares of the investment management company’s stock worth $18,726,000 after acquiring an additional 63,726 shares during the period. Kingsview Wealth Management LLC lifted its stake in The Goldman Sachs Group by 35.0% in the third quarter. Kingsview Wealth Management LLC now owns 5,603 shares of the investment management company’s stock worth $1,126,000 after acquiring an additional 1,453 shares during the period. Paces Ferry Wealth Advisors LLC purchased a new stake in The Goldman Sachs Group in the third quarter worth about $125,000. Finally, Jupiter Wealth Management LLC purchased a new stake in The Goldman Sachs Group in the third quarter worth about $2,035,000. Institutional investors and hedge funds own 68.05% of the company’s stock.

In related news, insider Laurence Stein sold 10,748 shares of the stock in a transaction on Tuesday, February 2nd. The shares were sold at an average price of $277.93, for a total transaction of $2,987,191.64. Also, EVP John F.W. Rogers sold 10,000 shares of the firm’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $313.25, for a total transaction of $3,132,500.00. In the last quarter, insiders have sold 40,748 shares of company stock valued at $12,371,892. 0.60% of the stock is owned by company insiders.

Several analysts have commented on the stock. Berenberg Bank increased their price target on shares of The Goldman Sachs Group from $270.00 to $330.00 and gave the company a “hold” rating in a research report on Wednesday. Daiwa Capital Markets started coverage on shares of The Goldman Sachs Group in a research note on Wednesday, January 6th. They issued an “outperform” rating and a $300.00 price target on the stock. Barclays boosted their price target on shares of The Goldman Sachs Group from $420.00 to $437.00 and gave the company an “overweight” rating in a research note on Wednesday. BMO Capital Markets boosted their price target on shares of The Goldman Sachs Group from $409.00 to $432.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Royal Bank of Canada upped their target price on shares of The Goldman Sachs Group from $319.00 to $370.00 and gave the stock a “sector perform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The Goldman Sachs Group presently has a consensus rating of “Buy” and an average price target of $351.23.

Shares of The Goldman Sachs Group stock opened at $335.27 on Thursday. The company has a fifty day simple moving average of $334.58 and a 200-day simple moving average of $273.35. The Goldman Sachs Group, Inc. has a 12-month low of $165.36 and a 12-month high of $356.85. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.63. The stock has a market cap of $115.93 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 0.65 and a beta of 1.50.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, April 13th. The investment management company reported $18.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.22 by $8.38. The business had revenue of $17.70 billion during the quarter, compared to analysts’ expectations of $11.74 billion. The Goldman Sachs Group had a net margin of 16.65% and a return on equity of 11.23%. The company’s revenue for the quarter was up 102.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.11 EPS. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 26.26 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 29th. Investors of record on Tuesday, June 1st will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, May 28th. The Goldman Sachs Group’s dividend payout ratio is currently 23.78%.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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