Wealthfront Advisers LLC Purchases 780 Shares of The Goldman Sachs Group, Inc. $GS

Wealthfront Advisers LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,681 shares of the investment management company’s stock after buying an additional 780 shares during the period. Wealthfront Advisers LLC’s holdings in The Goldman Sachs Group were worth $38,767,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Hartline Investment Corp lifted its holdings in The Goldman Sachs Group by 153.3% in the third quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock worth $1,132,000 after buying an additional 860 shares during the period. A4 Wealth Advisors LLC bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $940,000. Meridian Wealth Management LLC lifted its stake in shares of The Goldman Sachs Group by 39.4% in the 3rd quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after purchasing an additional 659 shares during the period. National Pension Service lifted its stake in shares of The Goldman Sachs Group by 3.1% in the 3rd quarter. National Pension Service now owns 665,794 shares of the investment management company’s stock valued at $530,205,000 after purchasing an additional 19,796 shares during the period. Finally, Chung Wu Investment Group LLC boosted its position in shares of The Goldman Sachs Group by 114.4% during the third quarter. Chung Wu Investment Group LLC now owns 2,080 shares of the investment management company’s stock valued at $1,656,000 after purchasing an additional 1,110 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on GS shares. Rothschild & Co Redburn raised their price objective on The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a research note on Friday, January 16th. Zacks Research upgraded shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Finally, BMO Capital Markets raised their target price on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the company a “market perform” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $916.86.

Check Out Our Latest Stock Analysis on GS

The Goldman Sachs Group News Roundup

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Stock Performance

GS opened at $944.49 on Tuesday. The company has a 50 day simple moving average of $911.93 and a two-hundred day simple moving average of $819.03. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65. The firm has a market cap of $283.28 billion, a P/E ratio of 18.41, a PEG ratio of 1.14 and a beta of 1.34. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The company had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. During the same quarter in the previous year, the company earned $11.95 EPS. The Goldman Sachs Group’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a dividend of $4.50 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 31.20%.

Insider Activity at The Goldman Sachs Group

In other news, Director David A. Viniar sold 19,796 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $964.27, for a total value of $19,088,688.92. Following the transaction, the director owned 103,390 shares of the company’s stock, valued at approximately $99,695,875.30. The trade was a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 4,863 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $923.75, for a total transaction of $4,492,196.25. Following the transaction, the chief accounting officer owned 10,301 shares of the company’s stock, valued at approximately $9,515,548.75. This represents a 32.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 87,513 shares of company stock worth $83,718,401 in the last three months. Corporate insiders own 0.55% of the company’s stock.

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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

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