Westover Capital Advisors LLC Grows Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Westover Capital Advisors LLC boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,765 shares of the investment management company’s stock after purchasing an additional 485 shares during the quarter. The Goldman Sachs Group comprises 1.4% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Westover Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $6,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exencial Wealth Advisors LLC raised its position in The Goldman Sachs Group by 92.5% during the 4th quarter. Exencial Wealth Advisors LLC now owns 1,817 shares of the investment management company’s stock worth $1,040,000 after buying an additional 873 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in The Goldman Sachs Group by 1.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 25,163 shares of the investment management company’s stock worth $14,409,000 after buying an additional 372 shares during the last quarter. Pinion Investment Advisors LLC purchased a new position in The Goldman Sachs Group during the 4th quarter worth $650,000. Bahl & Gaynor Inc. raised its position in The Goldman Sachs Group by 1.7% during the 4th quarter. Bahl & Gaynor Inc. now owns 2,977 shares of the investment management company’s stock worth $1,705,000 after buying an additional 50 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in The Goldman Sachs Group by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,936,853 shares of the investment management company’s stock worth $1,109,081,000 after buying an additional 22,794 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 3,640 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the transaction, the treasurer now owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 2,034 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,925 shares of company stock valued at $12,630,683. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $604.84 on Tuesday. The business’s 50-day simple moving average is $617.42 and its 200 day simple moving average is $564.16. The stock has a market cap of $188.73 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 0.89 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 12-month low of $381.42 and a 12-month high of $672.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter last year, the business earned $5.48 earnings per share. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Morgan Stanley raised their price target on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Finally, Barclays raised their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus target price of $591.69.

The Goldman Sachs Group 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.