Westbourne Investment Advisors Inc. Lowers Holdings in The Goldman Sachs Group, Inc. $GS

Westbourne Investment Advisors Inc. decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,602 shares of the investment management company’s stock after selling 944 shares during the period. The Goldman Sachs Group makes up 4.3% of Westbourne Investment Advisors Inc.’s holdings, making the stock its 6th biggest position. Westbourne Investment Advisors Inc.’s holdings in The Goldman Sachs Group were worth $15,472,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Dagco Inc. bought a new position in The Goldman Sachs Group during the 4th quarter worth $25,000. Harbor Capital Advisors Inc. bought a new position in The Goldman Sachs Group during the 3rd quarter worth $26,000. First PREMIER Bank bought a new position in The Goldman Sachs Group during the 3rd quarter worth $28,000. Corundum Trust Company INC bought a new position in The Goldman Sachs Group during the 3rd quarter worth $29,000. Finally, Elevation Wealth Partners LLC increased its position in The Goldman Sachs Group by 100.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after buying an additional 20 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Q1 beat driven by record equities and dealmaking — Goldman posted $17.55 EPS on $17.23B revenue, ahead of expectations, with record equities trading and strong investment banking fees supporting profit growth. Reuters: Goldman Sachs posts higher profit
• Positive Sentiment: Dividend declared — GS announced a quarterly dividend ($4.50/share; ex?dividend June 1), which supports yield?oriented investor demand and signals confidence in capital return. Yahoo: Goldman Sachs reports record quarter
• Positive Sentiment: Longer?term strategy and growth opportunities — Management reiterated a push into private credit (path to $300B target) and increased cloud/data investments, suggesting durable fee?earning opportunities beyond volatile trading windows. MSN: Goldman Sachs outlines path to $300B private credit
• Neutral Sentiment: Mixed analyst reactions — Several firms adjusted price targets and ratings post?print (some raised targets, some trimmed them), leaving consensus targets elevated but with dispersion among analysts. InsiderMonkey: Analyst cuts GS price target, increases Q2 EPS estimate
• Negative Sentiment: Fixed?income weakness and rising expenses pressured sentiment — FICC revenues fell year?over?year and operating expenses rose, which, combined with higher provisions for credit losses, made investors question the sustainability of the headline beat. Zacks: Goldman Q1 earnings beat but shares fall
• Negative Sentiment: Macro/geopolitical risk flagged by management — CEO warned the Iran conflict could be a headwind if it persists (inflation/volatility implications), adding to market caution. Investopedia: CEO says Iran conflict could be a headwind
• Negative Sentiment: Profit?taking and rotation after a strong run — Despite the beat, shares pulled back as investors took profits and focused on the uneven business mix (equities strength vs. FICC weakness). NYPost: Stock falls despite earnings

Analyst Ratings Changes

GS has been the topic of several recent research reports. HSBC lowered their price objective on The Goldman Sachs Group from $802.00 to $729.00 in a research report on Wednesday, April 1st. Jefferies Financial Group lowered their price objective on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday. Royal Bank Of Canada increased their target price on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Finally, Evercore decreased their price target on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Eight investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $919.48.

The Goldman Sachs Group Price Performance

Shares of NYSE GS traded up $8.70 during mid-day trading on Tuesday, reaching $899.49. The company had a trading volume of 294,089 shares, compared to its average volume of 2,411,564. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.66 and a current ratio of 0.66. The Goldman Sachs Group, Inc. has a one year low of $492.69 and a one year high of $984.70. The firm has a market cap of $265.34 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.19 and a beta of 1.32. The business’s 50-day simple moving average is $869.32 and its 200 day simple moving average is $855.18.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The company had revenue of $17.23 billion for the quarter, compared to analysts’ expectations of $16.66 billion. During the same quarter last year, the business earned $14.12 earnings per share. The Goldman Sachs Group’s revenue was up 14.4% on a year-over-year basis. On average, research 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 business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be given a $4.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.09%.

Insider Buying and Selling

In related news, insider Kathryn H. Ruemmler sold 9,589 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $927.51, for a total value of $8,893,893.39. Following the sale, the insider directly owned 18,533 shares of the company’s stock, valued at $17,189,542.83. This trade represents a 34.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Sheara J. Fredman sold 4,863 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $923.75, for a total value of $4,492,196.25. Following the completion of the sale, the chief accounting officer directly owned 10,301 shares in the company, valued at $9,515,548.75. This trade represents a 32.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 117,283 shares of company stock valued at $112,016,033 in the last ninety days. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Profile

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.