The Goldman Sachs Group, Inc. (NYSE:GS) is Westbourne Investment Advisors Inc.’s 8th Largest Position

Westbourne Investment Advisors Inc. increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.6% in the fourth quarter, Holdings Channel reports. The firm owned 19,483 shares of the investment management company’s stock after acquiring an additional 114 shares during the period. The Goldman Sachs Group makes up 3.0% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 8th biggest position. Westbourne Investment Advisors Inc.’s holdings in The Goldman Sachs Group were worth $7,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Parisi Gray Wealth Management increased its stake in shares of The Goldman Sachs Group by 1.7% in the fourth quarter. Parisi Gray Wealth Management now owns 4,599 shares of the investment management company’s stock worth $1,774,000 after buying an additional 77 shares during the last quarter. Next Level Private LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at $221,000. ACT Wealth Management LLC acquired a new position in The Goldman Sachs Group in the 4th quarter worth approximately $202,000. Planned Solutions Inc. purchased a new position in The Goldman Sachs Group during the 4th quarter valued at about $289,000. Finally, Highland Capital Management LLC raised its holdings in shares of The Goldman Sachs Group by 0.4% during the fourth quarter. Highland Capital Management LLC now owns 42,800 shares of the investment management company’s stock worth $16,511,000 after acquiring an additional 187 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Sheara J. Fredman sold 4,300 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the transaction, the chief accounting officer now directly owns 11,463 shares in the company, valued at $4,357,659.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Insiders sold a total of 38,907 shares of company stock valued at $15,080,021 over the last three months. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GS shares. BMO Capital Markets upped their target price on The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a “market perform” rating in a research report on Thursday, January 18th. JMP Securities reiterated a “market outperform” rating and set a $440.00 price target on shares of The Goldman Sachs Group in a research note on Wednesday, January 17th. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. HSBC increased their price target on The Goldman Sachs Group from $432.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $333.00 to $449.00 in a research report on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $411.10.

The Goldman Sachs Group Stock Up 0.6 %

GS traded up $2.35 during trading hours on Thursday, hitting $417.60. 824,387 shares of the company’s stock were exchanged, compared to its average volume of 2,314,914. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $419.20. The stock’s 50-day moving average is $387.82 and its two-hundred day moving average is $357.13. The stock has a market cap of $135.52 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.56 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the business earned $3.32 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 6.9% on a year-over-year basis. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 33.13 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th will be paid a $2.75 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $11.00 annualized dividend and a yield of 2.63%. The Goldman Sachs Group’s dividend payout ratio is 48.20%.

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.