Westwood Holdings Group Inc. Sells 1,479 Shares of The Goldman Sachs Group, Inc. $GS

Westwood Holdings Group Inc. lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.8% in the 2nd quarter, Holdings Channel reports. The fund owned 194,769 shares of the investment management company’s stock after selling 1,479 shares during the period. The Goldman Sachs Group accounts for approximately 1.2% of Westwood Holdings Group Inc.’s holdings, making the stock its 8th biggest position. Westwood Holdings Group Inc.’s holdings in The Goldman Sachs Group were worth $137,848,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GS. Brighton Jones LLC increased its holdings 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 purchasing an additional 508 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 58 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of The Goldman Sachs Group by 37.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 100 shares of the investment management company’s stock worth $55,000 after acquiring an additional 27 shares in the last quarter. Bailard Inc. increased its stake in The Goldman Sachs Group by 15.4% in the 1st quarter. Bailard Inc. now owns 1,838 shares of the investment management company’s stock valued at $1,004,000 after purchasing an additional 245 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its stake in shares of The Goldman Sachs Group by 6.0% during the 1st quarter. Kingsview Wealth Management LLC now owns 4,435 shares of the investment management company’s stock worth $2,423,000 after buying an additional 251 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,244 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the sale, the chief operating officer directly owned 115,268 shares of the company’s stock, valued at $86,463,679.48. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Down 1.9%

Shares of NYSE GS opened at $790.56 on Friday. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $841.28. The stock has a market capitalization of $237.11 billion, a PE ratio of 16.06, a P/E/G ratio of 1.43 and a beta of 1.41. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The firm has a fifty day moving average of $785.07 and a 200-day moving average of $709.46.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The business had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same period in the previous year, the company posted $8.40 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

Analyst Ratings Changes

Several analysts have issued reports on GS shares. Daiwa Capital Markets upped their price target on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a report on Friday, October 17th. Royal Bank Of Canada restated a “neutral” rating and issued a $843.00 price objective on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. BMO Capital Markets started coverage on The Goldman Sachs Group in a research report on Friday, October 3rd. They set a “market perform” rating and a $785.00 price objective for the company. Finally, Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $786.00.

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.