Westerkirk Capital Inc. Buys Shares of 1,030 The Goldman Sachs Group, Inc. $GS

Westerkirk Capital Inc. acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,030 shares of the investment management company’s stock, valued at approximately $820,000.

A number of other institutional investors and hedge funds have also modified their holdings of GS. Brighton Jones LLC raised its stake in shares of The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares in the last quarter. Revolve Wealth Partners LLC raised its position 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 worth $508,000 after purchasing an additional 58 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in The Goldman Sachs Group by 90.1% during the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after purchasing an additional 735 shares during the period. Schnieders Capital Management LLC. grew its stake in shares of The Goldman Sachs Group by 9.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock valued at $581,000 after purchasing an additional 70 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of The Goldman Sachs Group by 184.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 284 shares of the investment management company’s stock worth $201,000 after buying an additional 184 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 45,000 shares of The Goldman Sachs Group stock in a transaction on Friday, January 16th. The shares were sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the completion of the sale, the director owned 555,000 shares of the company’s stock, valued at approximately $535,758,150. The trade was a 7.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kathryn H. Ruemmler sold 9,589 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $927.51, for a total value of $8,893,893.39. Following the completion of the transaction, the insider directly owned 18,533 shares in the company, valued at approximately $17,189,542.83. This trade represents a 34.10% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 117,283 shares of company stock valued at $112,016,033. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GS. Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a research report on Friday, January 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. Dbs Bank boosted their price target on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Argus raised their price objective on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Finally, Royal Bank Of Canada boosted their target price on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $916.86.

Get Our Latest Stock Analysis on The Goldman Sachs Group

The Goldman Sachs Group Stock Up 0.6%

Shares of GS opened at $922.03 on Monday. The firm has a market capitalization of $276.54 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.13 and a beta of 1.34. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $984.70. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. The business’s fifty day moving average price is $922.42 and its two-hundred day moving average price is $831.56.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. During the same quarter last year, the business earned $11.95 earnings per share. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be issued a $4.50 dividend. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 31.20%.

About The Goldman Sachs Group

(Free Report)

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.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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