WT Wealth Management Buys Goldman Sachs Group Shares in Second Quarter
WT Wealth Management has added The Goldman Sachs Group to its portfolio by purchasing 3,388 shares in the second quarter. This acquisition is valued at approximately $3.427 million and represents about 0.9% of WT Wealth Management's investment portfolio.
The Goldman Sachs Group comprises the company's 23rd largest holding. Other institutional investors have also made changes to their positions in GS, including Garton & Associates Financial Advisors LLC, Turim 21 Investimentos Ltda., Manning & Napier Advisors LLC, Steph & Co., and Lifetime Wealth Management P.C.
GS has reported a revenue increase of 39.4% for the quarter compared to the same period last year, with earnings per share (EPS) of $20.98 exceeding analysts' estimates of $14.47 by $6.51. The company's dividend payout ratio is 27.78%, and it recently announced an increase in its quarterly dividend from $4.50 to $5.00.
Market analysts have provided varying ratings for GS, with some upgrading their price targets while others downgrading them. The stock has a consensus rating of 'Moderate Buy' with a target price of $1,062.86.