Castle Wealth Management LLC Purchases 32 Shares of The Goldman Sachs Group, Inc. $GS

Castle Wealth Management LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,063 shares of the investment management company’s stock after buying an additional 32 shares during the quarter. Castle Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $1,460,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after acquiring an additional 508 shares in the last quarter. Revolve Wealth Partners LLC lifted 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 buying an additional 58 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of The Goldman Sachs Group by 17.1% during the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the investment management company’s stock worth $3,977,000 after purchasing an additional 1,062 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 32.9% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,389 shares of the investment management company’s stock valued at $759,000 after purchasing an additional 344 shares during the period. Finally, Continuum Advisory LLC raised its holdings in shares of The Goldman Sachs Group by 6.7% in the 1st quarter. Continuum Advisory LLC now owns 318 shares of the investment management company’s stock valued at $174,000 after purchasing an additional 20 shares during the period. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of a number of research analyst reports. JMP Securities reaffirmed a “market perform” rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a report on Monday, July 14th. 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 research note on Friday, October 17th. JPMorgan Chase & Co. restated a “neutral” rating and set a $750.00 target price (up previously from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Finally, HSBC increased their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $779.50.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $744.18 on Thursday. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The firm has a market capitalization of $225.28 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.39 and a beta of 1.42. The company’s 50 day moving average price is $766.42 and its two-hundred day moving average price is $674.65.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same quarter last year, the business posted $8.40 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts forecast 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given 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 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.50%.

Insider Buying and Selling

In other news, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction on Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the transaction, the chief financial officer owned 18,594 shares in the company, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the transaction, the chief operating officer owned 106,268 shares in the company, valued at approximately $79,755,196.68. This trade represents a 7.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,707 shares of company stock worth $19,094,804 in the last 90 days. Company 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.