Westbourne Investments Inc. Acquires Shares of 1,000 The Goldman Sachs Group, Inc. (NYSE:GS)

Westbourne Investments Inc. purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,000 shares of the investment management company's stock, valued at approximately $573,000.

Several other institutional investors and hedge funds also recently modified their holdings of GS. Jackson Grant Investment Advisers Inc. increased its holdings in shares of The Goldman Sachs Group by 10.9% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company's stock worth $93,000 after purchasing an additional 16 shares in the last quarter. Ledyard National Bank boosted its position in shares of The Goldman Sachs Group by 3.4% during the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock valued at $278,000 after buying an additional 16 shares during the last quarter. Seelaus Asset Management LLC raised its position in The Goldman Sachs Group by 2.5% in the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock worth $378,000 after buying an additional 16 shares during the last quarter. Pointe Capital Management LLC lifted its stake in The Goldman Sachs Group by 1.0% during the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock valued at $951,000 after acquiring an additional 16 shares during the period. Finally, Genesee Capital Advisors LLC boosted 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 valued at $1,024,000 after acquiring an additional 17 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. UBS Group upped their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the stock an "equal weight" rating in a research report on Monday, April 7th. Royal Bank of Canada reduced their price target on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and an average price target of $593.40.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE GS traded down $6.82 during mid-day trading on Tuesday, reaching $552.74. The company's stock had a trading volume of 1,462,714 shares, compared to its average volume of 2,368,865. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19. The stock has a fifty day moving average of $539.53 and a two-hundred day moving average of $575.66. The firm has a market capitalization of $172.48 billion, a PE ratio of 13.64, a P/E/G ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the company posted $11.58 EPS. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.17%. The Goldman Sachs Group's payout ratio is 27.85%.

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.