The Goldman Sachs Group, Inc. $GS Shares Bought by Wealthstream Advisors Inc.

Wealthstream Advisors Inc. grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 15.7% during the 2nd quarter, Holdings Channel.com reports. The firm 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.

Other hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its stake in shares of The Goldman Sachs Group by 28.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock worth $286,418,000 after purchasing an additional 116,535 shares during the last quarter. Clear Creek Financial Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter worth about $321,000. Blueshift Asset Management LLC boosted its stake in shares of The Goldman Sachs Group by 161.8% during the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock worth $576,000 after purchasing an additional 652 shares during the last quarter. Adams Diversified Equity Fund Inc. lifted its holdings in shares of The Goldman Sachs Group by 41.5% during the 1st quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company’s stock worth $27,205,000 after acquiring an additional 14,600 shares during the period. Finally, Terra Nova Asset Management LLC purchased a new position in shares of The Goldman Sachs Group during the 1st quarter worth about $1,643,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JMP Securities reiterated a “market perform” rating and set a $600.00 price objective on shares of The Goldman Sachs Group in a report on Monday, July 14th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Barclays increased their price objective on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an “overweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a report on Tuesday, September 30th. Finally, Royal Bank Of Canada reiterated a “neutral” rating and set a $843.00 price objective on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $770.73.

Insider Activity

In related news, EVP John F.W. Rogers sold 6,008 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the sale, the executive vice president directly owned 65,761 shares of the company’s stock, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David M. Solomon sold 6,608 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer directly owned 126,176 shares of the company’s stock, valued at approximately $89,876,426.56. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,323 shares of company stock worth $28,111,828. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Down 1.0%

NYSE GS opened at $750.71 on Friday. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25. The company’s 50 day moving average price is $765.25 and its 200 day moving average price is $670.40. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The firm has a market capitalization of $227.25 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.39 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate 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 firm posted $8.40 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 2.1%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 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.