Wealthfront Advisers LLC Buys 58,133 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Wealthfront Advisers LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 150.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 96,833 shares of the investment management company's stock after buying an additional 58,133 shares during the period. Wealthfront Advisers LLC's holdings in The Goldman Sachs Group were worth $55,449,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Swedbank AB increased its holdings in shares of The Goldman Sachs Group by 4.2% in the third quarter. Swedbank AB now owns 339,047 shares of the investment management company's stock valued at $167,866,000 after purchasing an additional 13,730 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth about $38,000. Atria Investments Inc grew its stake in The Goldman Sachs Group by 16.6% in the 3rd quarter. Atria Investments Inc now owns 21,469 shares of the investment management company's stock valued at $10,630,000 after buying an additional 3,060 shares during the last quarter. Sheets Smith Wealth Management acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at about $208,000. Finally, Mesirow Financial Investment Management Inc. boosted its holdings in The Goldman Sachs Group by 1.3% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 2,199 shares of the investment management company's stock valued at $1,088,000 after purchasing an additional 29 shares during the period. Institutional investors own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now directly owns 8,192 shares in the company, valued at $5,117,296.64. The trade was a 15.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kevin R. Johnson purchased 2,400 shares of The Goldman Sachs Group stock in a transaction on Friday, January 17th. The shares were acquired at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the purchase, the director now owns 2,400 shares in the company, valued at approximately $1,485,648. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 19,925 shares of company stock valued at $12,630,683. Corporate insiders own 0.54% of the company's stock.

The Goldman Sachs Group Stock Down 5.0 %

NYSE GS opened at $531.75 on Tuesday. The business has a fifty day moving average price of $616.13 and a 200 day moving average price of $566.49. The Goldman Sachs Group, Inc. has a one year low of $381.42 and a one year high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $165.93 billion, a P/E ratio of 13.11, a P/E/G ratio of 0.89 and a beta of 1.37.

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The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts' consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $13.87 billion during the quarter, compared to analysts' expectations of $12.36 billion. During the same period in the prior year, the business posted $5.48 EPS. The company's revenue was up 22.5% compared to the same quarter last year. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 29.59%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GS shares. HSBC cut shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and increased their price objective for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. UBS Group lifted their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 21st. Finally, Oppenheimer reduced their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $591.69.

The Goldman Sachs Group Company 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.

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