Wealthstream Advisors Inc. Grows Holdings in The Goldman Sachs Group, Inc. $GS

Wealthstream Advisors Inc. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 15.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,502 shares of the investment management company’s stock after purchasing an additional 204 shares during the quarter. Wealthstream Advisors Inc.’s holdings in The Goldman Sachs Group were worth $1,063,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. TrueMark Investments LLC raised its position in The Goldman Sachs Group by 8.8% in the 2nd quarter. TrueMark Investments LLC now owns 9,162 shares of the investment management company’s stock valued at $6,484,000 after purchasing an additional 738 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in The Goldman Sachs Group in the 2nd quarter valued at $93,477,000. Signature Estate & Investment Advisors LLC raised its position in The Goldman Sachs Group by 3.0% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,469 shares of the investment management company’s stock valued at $1,039,000 after purchasing an additional 43 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV raised its position in The Goldman Sachs Group by 1.8% in the 2nd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 2,791 shares of the investment management company’s stock valued at $1,975,000 after purchasing an additional 50 shares during the last quarter. Finally, Albert D Mason Inc. raised its position in The Goldman Sachs Group by 3.2% during the 2nd quarter. Albert D Mason Inc. now owns 751 shares of the investment management company’s stock worth $532,000 after buying an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the stock a “market perform” rating in a research report on Friday. Royal Bank Of Canada restated a “neutral” rating and set a $843.00 price objective on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Morgan Stanley cut their price objective on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research report on Wednesday. HSBC upped their price objective on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Finally, Wall Street Zen upgraded shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $770.73.

Insider Buying and Selling at The Goldman Sachs Group

In related news, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total value of $4,310,079.12. Following the sale, the executive vice president directly owned 65,761 shares of the company’s stock, valued at approximately $47,176,283.79. This represents a 8.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John E. Waldron sold 9,000 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the completion of the sale, the chief operating officer directly owned 106,268 shares in the company, valued at approximately $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,323 shares of company stock valued at $28,111,828 in the last quarter. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $750.71 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25. The stock has a market cap of $227.25 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. The firm’s fifty day simple moving average is $765.25 and its 200-day simple moving average is $670.40.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping 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 business had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same period in the prior year, the company posted $8.40 EPS. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.1%. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

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.