The Goldman Sachs Group, Inc. $GS Shares Sold by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,546 shares of the investment management company’s stock after selling 1,315 shares during the quarter. The Goldman Sachs Group makes up approximately 4.1% of Westbourne Investment Advisors Inc.’s investment portfolio, making the stock its 6th largest position. Westbourne Investment Advisors Inc.’s holdings in The Goldman Sachs Group were worth $14,769,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after purchasing an additional 508 shares during the period. Revolve Wealth Partners LLC increased its holdings in The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 58 shares during the period. Panagora Asset Management Inc. raised its position in The Goldman Sachs Group by 746.4% during the 1st quarter. Panagora Asset Management Inc. now owns 17,995 shares of the investment management company’s stock worth $9,830,000 after purchasing an additional 15,869 shares during the last quarter. Betterment LLC raised its position in The Goldman Sachs Group by 4.0% during the 1st quarter. Betterment LLC now owns 595 shares of the investment management company’s stock worth $325,000 after purchasing an additional 23 shares during the last quarter. Finally, Flputnam Investment Management Co. lifted its holdings in The Goldman Sachs Group by 3.5% during the 1st quarter. Flputnam Investment Management Co. now owns 1,167 shares of the investment management company’s stock worth $638,000 after buying an additional 39 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

Shares of GS opened at $891.88 on Tuesday. The firm has a market cap of $267.50 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.19 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $919.10. The business’s 50 day moving average price is $826.54 and its two-hundred day moving average price is $767.10. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping the consensus estimate of $10.27 by $1.98. The company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $8.40 EPS. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be paid a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is 32.50%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GS shares. Daiwa Capital Markets increased their price target on The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. BMO Capital Markets began coverage on The Goldman Sachs Group in a report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 target price on the stock. Evercore ISI increased their target price on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. BNP Paribas Exane raised their price target on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $792.67.

The Goldman Sachs Group Profile

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.