Sunbeam Capital Management LLC Buys New Shares in The Goldman Sachs Group, Inc. $GS

Sunbeam Capital Management LLC bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 285 shares of the investment management company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GS. Brighton Jones LLC increased its position in shares of The Goldman Sachs Group by 17.1% in the fourth 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 during the period. Revolve Wealth Partners LLC increased its position in shares of The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 58 shares during the period. Patriot Financial Group Insurance Agency LLC increased its position in shares of The Goldman Sachs Group by 6.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,425 shares of the investment management company’s stock valued at $779,000 after acquiring an additional 91 shares during the period. OLD National Bancorp IN increased its position in shares of The Goldman Sachs Group by 2.7% in the first quarter. OLD National Bancorp IN now owns 3,165 shares of the investment management company’s stock valued at $1,729,000 after acquiring an additional 82 shares during the period. Finally, Courier Capital LLC increased its position in shares of The Goldman Sachs Group by 0.6% in the first quarter. Courier Capital LLC now owns 4,046 shares of the investment management company’s stock valued at $2,210,000 after acquiring an additional 24 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.8%

Shares of NYSE GS opened at $796.13 on Tuesday. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25. The stock has a market cap of $241.00 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.64 and a beta of 1.42. The firm has a 50-day moving average of $756.50 and a 200 day moving average of $657.99. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company had revenue of $14.58 billion during the quarter, compared to analysts’ expectations of $13.53 billion. During the same period last year, the company posted $8.62 EPS. The Goldman Sachs Group’s revenue was up 14.5% on a year-over-year basis. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a dividend of $4.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend was Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio is 35.26%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. HSBC boosted their price objective on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Royal Bank Of Canada lifted their target price on shares of The Goldman Sachs Group from $750.00 to $843.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 1st. JMP Securities reaffirmed a “market perform” rating and set a $600.00 target price on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Finally, Hsbc Global Res lowered shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Five equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $717.00.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the transaction, the chief executive officer directly owned 126,176 shares of the company’s stock, valued at $89,876,426.56. This trade represents a 4.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the transaction, the chief operating officer directly owned 115,268 shares of the company’s stock, valued at approximately $86,463,679.48. This trade represents a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,323 shares of company stock valued at $28,111,828. 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.