Wesbanco Bank Inc. Trims Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Wesbanco Bank Inc. decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 12.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,674 shares of the investment management company’s stock after selling 1,090 shares during the period. Wesbanco Bank Inc.’s holdings in The Goldman Sachs Group were worth $4,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GoalVest Advisory LLC raised its stake in The Goldman Sachs Group by 1,070.0% in the 4th quarter. GoalVest Advisory LLC now owns 2,340 shares of the investment management company’s stock worth $1,340,000 after acquiring an additional 2,140 shares during the last quarter. Evolution Wealth Advisors LLC raised its stake in The Goldman Sachs Group by 175.7% in the 4th quarter. Evolution Wealth Advisors LLC now owns 1,373 shares of the investment management company’s stock worth $786,000 after acquiring an additional 875 shares during the last quarter. Marino Stram & Associates LLC raised its stake in The Goldman Sachs Group by 4.2% in the 4th quarter. Marino Stram & Associates LLC now owns 449 shares of the investment management company’s stock worth $257,000 after acquiring an additional 18 shares during the last quarter. Magnus Financial Group LLC raised its stake in shares of The Goldman Sachs Group by 0.7% during the 4th quarter. Magnus Financial Group LLC now owns 3,799 shares of the investment management company’s stock valued at $2,176,000 after buying an additional 25 shares during the last quarter. Finally, Daymark Wealth Partners LLC raised its stake in shares of The Goldman Sachs Group by 0.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 134,082 shares of the investment management company’s stock valued at $76,778,000 after buying an additional 548 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

GS has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Bank of America lifted their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Citigroup lifted their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. UBS Group lifted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, 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 research report on Wednesday, October 16th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $591.06.

The Goldman Sachs Group Trading Down 0.3 %

GS stock opened at $633.14 on Thursday. 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 Goldman Sachs Group, Inc. has a 12-month low of $374.24 and a 12-month high of $635.60. The stock has a market cap of $198.75 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 0.89 and a beta of 1.38. The business’s 50-day moving average is $588.56 and its 200 day moving average is $533.05.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $5.48 EPS. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 46.81 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Transactions at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on 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 owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin R. Johnson purchased 2,400 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the transaction, the director now owns 2,400 shares in the company, valued at approximately $1,485,648. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 20,940 shares of company stock worth $12,656,179 in the last ninety days. Insiders own 0.54% of the company’s stock.

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.