Westover Capital Advisors LLC Acquires 485 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Westover Capital Advisors LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% during the 4th quarter, HoldingsChannel reports. The firm owned 10,765 shares of the investment management company’s stock after purchasing an additional 485 shares during the period. The Goldman Sachs Group comprises approximately 1.4% of Westover Capital Advisors LLC’s holdings, making the stock its 17th largest holding. Westover Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $6,164,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GS. Stephens Consulting LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Asset Planning Inc bought a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $29,000. Truvestments Capital LLC bought a new stake in The Goldman Sachs Group in the 3rd quarter valued at approximately $34,000. Whipplewood Advisors LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $37,000. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of several recent analyst reports. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Barclays boosted their price target on 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. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $591.69.

The Goldman Sachs Group Stock Down 2.8 %

GS stock opened at $604.84 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The business’s 50 day simple moving average is $617.42 and its 200 day simple moving average is $564.16. The Goldman Sachs Group, Inc. has a 1-year low of $381.42 and a 1-year high of $672.19. The firm has a market capitalization of $188.73 billion, a PE ratio of 14.92, a PEG ratio of 0.89 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the firm posted $5.48 EPS. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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

Insider Buying and Selling at The Goldman Sachs Group

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

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.