Beacon Investment Advisory Services Inc. Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Beacon Investment Advisory Services Inc. bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 472 shares of the investment management company’s stock, valued at approximately $234,000.

Other large investors have also bought and sold shares of the company. Mather Group LLC. grew its stake in shares of The Goldman Sachs Group by 48.6% in the second quarter. Mather Group LLC. now owns 1,357 shares of the investment management company’s stock worth $567,000 after acquiring an additional 444 shares during the period. Lynx Investment Advisory bought a new stake in shares of The Goldman Sachs Group in the second quarter worth approximately $58,000. Park Avenue Securities LLC grew its stake in shares of The Goldman Sachs Group by 20.7% in the second quarter. Park Avenue Securities LLC now owns 6,468 shares of the investment management company’s stock worth $2,926,000 after acquiring an additional 1,110 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of The Goldman Sachs Group by 0.3% in the second quarter. Valeo Financial Advisors LLC now owns 28,209 shares of the investment management company’s stock worth $12,759,000 after acquiring an additional 92 shares during the period. Finally, Simplicity Wealth LLC grew its stake in shares of The Goldman Sachs Group by 4.4% in the second quarter. Simplicity Wealth LLC now owns 12,841 shares of the investment management company’s stock worth $5,808,000 after acquiring an additional 538 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their target price on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Bank of America boosted their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Evercore ISI boosted their target price on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Barclays boosted their target price on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $550.63.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $601.79 on Tuesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 1-year low of $340.54 and a 1-year high of $612.73. The company has a market capitalization of $188.91 billion, a P/E ratio of 17.66, a P/E/G ratio of 0.88 and a beta of 1.35. The firm’s 50 day simple moving average is $540.94 and its two-hundred day simple moving average is $499.68.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the previous year, the firm earned $5.47 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts expect that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

Insider Transactions at The Goldman Sachs Group

In other news, EVP John F.W. Rogers sold 6,416 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the transaction, the executive vice president now owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. The trade was a 10.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the transaction, the insider now directly owns 10,095 shares in the company, valued at $5,359,435.50. This trade represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,390 shares of company stock valued at $6,656,119. 0.54% of the stock is currently owned by corporate insiders.

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.