Wealthstreet Investment Advisors LLC lifted its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,725 shares of the investment management company’s stock after purchasing an additional 95 shares during the quarter. Wealthstreet Investment Advisors LLC’s holdings in Goldman Sachs Group were worth $1,942,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in GS. Advisors Asset Management Inc. raised its stake in shares of Goldman Sachs Group by 1.5% during the second quarter. Advisors Asset Management Inc. now owns 14,452 shares of the investment management company’s stock valued at $3,188,000 after acquiring an additional 214 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Goldman Sachs Group by 5.7% during the second quarter. Bank of New York Mellon Corp now owns 3,263,236 shares of the investment management company’s stock valued at $719,772,000 after acquiring an additional 175,540 shares during the last quarter. First American Trust FSB raised its stake in shares of Goldman Sachs Group by 2.3% during the third quarter. First American Trust FSB now owns 24,629 shares of the investment management company’s stock valued at $5,523,000 after acquiring an additional 553 shares during the last quarter. Hollencrest Capital Management raised its stake in shares of Goldman Sachs Group by 52.9% during the third quarter. Hollencrest Capital Management now owns 2,894 shares of the investment management company’s stock valued at $648,000 after acquiring an additional 1,001 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE raised its stake in shares of Goldman Sachs Group by 15.6% during the third quarter. Smithbridge Asset Management Inc. DE now owns 10,191 shares of the investment management company’s stock valued at $2,285,000 after acquiring an additional 1,375 shares during the last quarter. Institutional investors and hedge funds own 68.92% of the company’s stock.
Shares of GS traded down $0.36 during trading hours on Friday, hitting $196.00. 2,626,034 shares of the stock were exchanged, compared to its average volume of 3,584,078. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 2.49. The stock has a market cap of $72.81 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22. Goldman Sachs Group Inc has a fifty-two week low of $151.70 and a fifty-two week high of $275.31.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 16th. The investment management company reported $6.04 EPS for the quarter, topping analysts’ consensus estimates of $5.15 by $0.89. The business had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.48 billion. Goldman Sachs Group had a net margin of 28.92% and a return on equity of 13.35%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the company posted $5.68 earnings per share. Sell-side analysts anticipate that Goldman Sachs Group Inc will post 23.87 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 28th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Wednesday, February 27th. Goldman Sachs Group’s payout ratio is 12.66%.
GS has been the subject of several analyst reports. Barclays reaffirmed an “equal weight” rating and set a $247.00 price target (down previously from $289.00) on shares of Goldman Sachs Group in a research note on Wednesday, January 2nd. Morgan Stanley cut shares of Goldman Sachs Group from an “overweight” rating to an “equal weight” rating and set a $226.00 price objective for the company. in a research report on Wednesday, November 21st. Societe Generale cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. Bank of America cut shares of Goldman Sachs Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $280.00 to $225.00 in a research report on Friday, November 30th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Goldman Sachs Group in a research report on Monday, January 21st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $255.54.
In other Goldman Sachs Group news, VP Gregory K. Palm sold 16,451 shares of the firm’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $158.41, for a total value of $2,606,002.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dane E. Holmes sold 1,489 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total transaction of $295,283.59. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.
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About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
See Also: S&P 500 Index
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