Westfuller Advisors LLC Purchases 889 Shares of The Goldman Sachs Group, Inc. $GS

Westfuller Advisors LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 79.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,009 shares of the investment management company’s stock after acquiring an additional 889 shares during the period. Westfuller Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GS. Dogwood Wealth Management LLC lifted its stake in The Goldman Sachs Group by 1,800.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after purchasing an additional 36 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $26,000. First PREMIER Bank purchased a new position in shares of The Goldman Sachs Group in the third quarter valued at $28,000. Corundum Trust Company INC bought a new position in The Goldman Sachs Group during the third quarter valued at $29,000. Finally, Clearstead Trust LLC bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth about $31,000. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 19,796 shares of the company’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $964.27, for a total transaction of $19,088,688.92. Following the transaction, the director directly owned 103,390 shares in the company, valued at $99,695,875.30. This represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 68,186 shares of company stock worth $65,820,670 in the last ninety days. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup increased their price target on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. BNP Paribas Exane boosted their price target on The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. BMO Capital Markets boosted their price objective on The Goldman Sachs Group from $980.00 to $985.00 and gave the company a “market perform” rating in a report on Tuesday. Keefe, Bruyette & Woods lifted 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. Finally, Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $898.00.

Check Out Our Latest Report on The Goldman Sachs Group

The Goldman Sachs Group Stock Performance

GS opened at $919.82 on Friday. The firm has a market capitalization of $275.88 billion, a PE ratio of 17.93, a PEG ratio of 1.15 and a beta of 1.33. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $984.70. The firm’s 50-day moving average price is $882.31 and its 200 day moving average price is $800.42.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its 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 company had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $11.95 EPS. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business 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. The ex-dividend date is Monday, March 2nd. This represents a $18.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group’s payout ratio is presently 31.20%.

The Goldman Sachs Group News Roundup

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

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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