The Goldman Sachs Group, Inc. (NYSE:GS) is Westwind Capital's 6th Largest Position

Westwind Capital increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 18,385.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,667 shares of the investment management company's stock after acquiring an additional 40,447 shares during the period. The Goldman Sachs Group makes up approximately 5.5% of Westwind Capital's investment portfolio, making the stock its 6th biggest position. Westwind Capital's holdings in The Goldman Sachs Group were worth $22,216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Curio Wealth LLC bought a new stake in The Goldman Sachs Group in the fourth quarter worth about $30,000. Mascagni Wealth Management Inc. bought a new stake in The Goldman Sachs Group in the fourth quarter worth about $31,000. Transce3nd LLC bought a new stake in The Goldman Sachs Group in the fourth quarter worth about $31,000. Godsey & Gibb Inc. lifted its stake in The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after purchasing an additional 34 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in The Goldman Sachs Group in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GS shares. Wells Fargo & Company decreased their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. JMP Securities decreased their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Barclays decreased their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Finally, Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the company an "equal weight" rating in a research note on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $595.67.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $690.75 on Friday. The company has a market capitalization of $211.95 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 0.94 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $694.20. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The firm has a 50 day moving average of $598.32 and a 200 day moving average of $587.13.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same quarter in the previous year, the firm posted $11.58 earnings per share. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.74%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

About The Goldman Sachs Group

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.

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