Wealthstreet Investment Advisors LLC Acquires New Stake in Goldman Sachs Group Inc (GS)

Wealthstreet Investment Advisors LLC bought a new position in shares of Goldman Sachs Group Inc (NYSE:GS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,730 shares of the investment management company’s stock, valued at approximately $2,479,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GS. Gs Investments Inc. acquired a new position in Goldman Sachs Group during the second quarter worth $111,000. Cerebellum GP LLC acquired a new position in Goldman Sachs Group during the fourth quarter worth $122,000. FNY Managed Accounts LLC boosted its holdings in Goldman Sachs Group by 605.1% during the second quarter. FNY Managed Accounts LLC now owns 557 shares of the investment management company’s stock worth $123,000 after purchasing an additional 478 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in Goldman Sachs Group by 450.0% during the third quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after purchasing an additional 450 shares during the last quarter. Finally, Howe & Rusling Inc. acquired a new position in Goldman Sachs Group during the third quarter worth $142,000. Institutional investors and hedge funds own 73.28% of the company’s stock.

Shares of Goldman Sachs Group Inc (NYSE:GS) opened at $249.30 on Monday. The company has a market cap of $94,036.34, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $273.79.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.78. The company had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. Goldman Sachs Group’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $5.08 EPS. equities research analysts expect that Goldman Sachs Group Inc will post 21.56 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio is presently 34.84%.

Several brokerages recently commented on GS. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 target price for the company in a report on Friday, October 20th. Vertical Group upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Friday, December 8th. Bank of America increased their target price on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Buckingham Research restated a “neutral” rating and set a $250.00 target price (up previously from $243.00) on shares of Goldman Sachs Group in a report on Wednesday, October 18th. Finally, Barclays increased their target price on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $256.75.

In other news, Vice Chairman Richard J. Gnodde sold 5,718 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,366,544.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider R. Martin Chavez sold 11,829 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $259.22, for a total transaction of $3,066,313.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,843 shares of company stock valued at $41,855,427. 2.57% of the stock is currently owned by corporate insiders.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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