Wealthstream Advisors Inc. Acquires 22 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Wealthstream Advisors Inc. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,289 shares of the investment management company’s stock after purchasing an additional 22 shares during the quarter. Wealthstream Advisors Inc.’s holdings in The Goldman Sachs Group were worth $638,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Semmax Financial Advisors Inc. acquired a new position in The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. POM Investment Strategies LLC acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at $26,000. Headlands Technologies LLC bought a new stake in The Goldman Sachs Group during the 2nd quarter valued at $27,000. SJS Investment Consulting Inc. lifted its stake in shares of The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after buying an additional 31 shares in the last quarter. Finally, West Branch Capital LLC acquired a new position in shares of The Goldman Sachs Group during the third quarter valued at about $30,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 0.2 %

The Goldman Sachs Group stock opened at $594.04 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $186.48 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.86 and a beta of 1.35. The firm has a 50 day moving average price of $513.80 and a 200-day moving average price of $486.51. The Goldman Sachs Group, Inc. has a twelve month low of $332.47 and a twelve month high of $607.15.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $1.51. The firm had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $5.47 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

Insiders Place Their Bets

In related news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the transaction, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the transaction, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 57,614 shares in the company, valued at approximately $34,358,685.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,390 shares of company stock worth $6,656,119 over the last quarter. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GS. Keefe, Bruyette & Woods raised their price target 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. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. BMO Capital Markets increased their price target on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research report on Wednesday, July 17th. Finally, Morgan Stanley lifted their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $527.63.

The Goldman Sachs Group Company 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.