Brookstone Capital Management Sells 825 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Brookstone Capital Management decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 18.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,757 shares of the investment management company’s stock after selling 825 shares during the quarter. Brookstone Capital Management’s holdings in The Goldman Sachs Group were worth $2,151,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Fiduciary Alliance LLC raised its position in shares of The Goldman Sachs Group by 53.3% in the fourth quarter. Fiduciary Alliance LLC now owns 1,269 shares of the investment management company’s stock valued at $727,000 after purchasing an additional 441 shares during the period. City Center Advisors LLC increased its position in The Goldman Sachs Group by 93.6% during the fourth quarter. City Center Advisors LLC now owns 790 shares of the investment management company’s stock worth $452,000 after acquiring an additional 382 shares during the period. Czech National Bank increased its position in The Goldman Sachs Group by 5.8% during the fourth quarter. Czech National Bank now owns 68,062 shares of the investment management company’s stock worth $38,974,000 after acquiring an additional 3,731 shares during the period. Graypoint LLC increased its position in The Goldman Sachs Group by 0.9% during the fourth quarter. Graypoint LLC now owns 5,033 shares of the investment management company’s stock worth $2,882,000 after acquiring an additional 44 shares during the period. Finally, RMR Wealth Builders increased its position in The Goldman Sachs Group by 7.9% during the fourth quarter. RMR Wealth Builders now owns 3,899 shares of the investment management company’s stock worth $2,232,000 after acquiring an additional 286 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 6.0 %

Shares of NYSE:GS opened at $605.89 on Thursday. The Goldman Sachs Group, Inc. has a 52 week low of $372.07 and a 52 week high of $612.73. 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 company’s fifty day moving average is $585.67 and its 200-day moving average is $527.58. The company has a market capitalization of $190.19 billion, a PE ratio of 17.78, a P/E/G ratio of 0.85 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the previous year, the company earned $5.48 EPS. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current fiscal year.

Insider Activity at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the transaction, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value 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 $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,940 shares of company stock valued at $12,656,179 over the last ninety days. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Evercore ISI boosted their target price on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. UBS Group reiterated a “neutral” rating and set a $610.00 price target on shares of The Goldman Sachs Group in a research note on Monday, January 6th. Finally, Citigroup lifted their price target on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $569.31.

The Goldman Sachs Group 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.