Goldman Sachs Group Inc. Has $96.22 Million Holdings in ViewPoint Financial Group (LTXB)

Goldman Sachs Group Inc. lessened its holdings in shares of ViewPoint Financial Group (NASDAQ:LTXB) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,279,549 shares of the financial services provider’s stock after selling 38,006 shares during the period. Goldman Sachs Group Inc. owned about 4.73% of ViewPoint Financial Group worth $96,220,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of ViewPoint Financial Group by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,303,447 shares of the financial services provider’s stock valued at $91,953,000 after buying an additional 29,293 shares during the period. American Century Companies Inc. boosted its position in shares of ViewPoint Financial Group by 17.5% during the fourth quarter. American Century Companies Inc. now owns 838,119 shares of the financial services provider’s stock valued at $35,377,000 after buying an additional 124,911 shares during the period. Wells Fargo & Company MN boosted its position in shares of ViewPoint Financial Group by 5.0% during the fourth quarter. Wells Fargo & Company MN now owns 766,549 shares of the financial services provider’s stock valued at $32,356,000 after buying an additional 36,701 shares during the period. Clearbridge LLC raised its stake in shares of ViewPoint Financial Group by 10.3% during the fourth quarter. Clearbridge LLC now owns 695,119 shares of the financial services provider’s stock valued at $29,341,000 after acquiring an additional 64,720 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of ViewPoint Financial Group by 4.5% during the fourth quarter. Bank of New York Mellon Corp now owns 568,633 shares of the financial services provider’s stock valued at $24,002,000 after acquiring an additional 24,728 shares in the last quarter. Institutional investors and hedge funds own 85.40% of the company’s stock.

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LTXB has been the subject of several research analyst reports. Zacks Investment Research raised shares of ViewPoint Financial Group from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Wednesday, December 27th. Stephens reaffirmed a “hold” rating and set a $46.00 price target on shares of ViewPoint Financial Group in a research note on Thursday, January 25th. DA Davidson lifted their price target on shares of ViewPoint Financial Group to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Sandler O’Neill reaffirmed a “buy” rating and set a $50.00 price target on shares of ViewPoint Financial Group in a research note on Thursday, January 25th. Finally, BidaskClub raised shares of ViewPoint Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $47.79.

In related news, COO Scott A. Almy sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $42.90, for a total value of $214,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles D. Eikenberg sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $44.01, for a total transaction of $440,100.00. The disclosure for this sale can be found here. Insiders sold 26,558 shares of company stock valued at $1,166,185 in the last three months. 3.10% of the stock is currently owned by insiders.

Shares of NASDAQ:LTXB opened at $42.45 on Friday. The company has a market capitalization of $2,063.91, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 1.36 and a beta of 1.27. ViewPoint Financial Group has a 52 week low of $31.50 and a 52 week high of $46.45. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 1.23.

ViewPoint Financial Group (NASDAQ:LTXB) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The business had revenue of $87.10 million during the quarter, compared to the consensus estimate of $91.99 million. ViewPoint Financial Group had a return on equity of 10.94% and a net margin of 21.80%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. sell-side analysts predict that ViewPoint Financial Group will post 3.15 EPS for the current fiscal year.

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About ViewPoint Financial Group

LegacyTexas Financial Group, Inc operates as the holding company for LegacyTexas Bank that provides various banking products and services in the United States. Its deposit products include interest-bearing and non-interest-bearing demand accounts, savings, money market, certificates of deposit, and individual retirement accounts.

Institutional Ownership by Quarter for ViewPoint Financial Group (NASDAQ:LTXB)

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