The Goldman Sachs Group, Inc. (NYSE:GS) Stock Holdings Increased by Western Financial Corp CA

Western Financial Corp CA increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 20.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,260 shares of the investment management company's stock after acquiring an additional 548 shares during the period. The Goldman Sachs Group makes up about 1.0% of Western Financial Corp CA's portfolio, making the stock its 23rd largest holding. Western Financial Corp CA's holdings in The Goldman Sachs Group were worth $1,867,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Genesee Capital Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 1.0% during the 4th quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company's stock worth $1,024,000 after buying an additional 17 shares during the last quarter. Waddell & Associates LLC raised its holdings in shares of The Goldman Sachs Group by 2.1% in the 3rd quarter. Waddell & Associates LLC now owns 896 shares of the investment management company's stock worth $444,000 after purchasing an additional 18 shares during the period. Wescott Financial Advisory Group LLC lifted its stake in shares of The Goldman Sachs Group by 0.7% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company's stock valued at $1,346,000 after purchasing an additional 18 shares in the last quarter. Bank of New Hampshire grew its holdings in shares of The Goldman Sachs Group by 8.0% during the 4th quarter. Bank of New Hampshire now owns 243 shares of the investment management company's stock worth $139,000 after purchasing an additional 18 shares during the period. Finally, Marino Stram & Associates LLC increased its position in The Goldman Sachs Group by 4.2% during the 4th quarter. Marino Stram & Associates LLC now owns 449 shares of the investment management company's stock worth $257,000 after purchasing an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $2.11 during midday trading on Tuesday, reaching $634.48. 1,385,171 shares of the stock traded hands, compared to its average volume of 2,567,911. The Goldman Sachs Group, Inc. has a fifty-two week low of $375.20 and a fifty-two week high of $650.00. 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 firm has a market cap of $196.97 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 0.89 and a beta of 1.39. The firm has a fifty day moving average price of $596.65 and a two-hundred day moving average price of $542.74.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company posted $5.48 EPS. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.1 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.89%. The Goldman Sachs Group's dividend payout ratio (DPR) is 29.59%.

Analyst Ratings Changes

A number of brokerages have weighed in on GS. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an "outperform" rating in a research report on Thursday, January 16th. Evercore ISI raised their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Hsbc Global Res cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 26th. Bank of America increased their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Finally, Oppenheimer decreased their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $591.06.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the transaction, the insider now owns 3,545 shares of the company's stock, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now directly owns 8,489 shares of the company's stock, valued at $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,865 shares of company stock valued at $25,286,862. 0.57% of the stock is owned by corporate insiders.

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.