OneDigital Investment Advisors LLC Decreases Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

OneDigital Investment Advisors LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,337 shares of the investment management company's stock after selling 405 shares during the period. OneDigital Investment Advisors LLC's holdings in The Goldman Sachs Group were worth $1,823,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in GS. Deutsche Bank AG lifted its holdings in The Goldman Sachs Group by 15.4% during the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after buying an additional 138,198 shares during the period. Baxter Bros Inc. lifted its stake in The Goldman Sachs Group by 1.0% in the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock valued at $8,879,000 after buying an additional 151 shares in the last quarter. Erste Asset Management GmbH lifted its stake in The Goldman Sachs Group by 5.9% in the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after purchasing an additional 320 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in The Goldman Sachs Group in the 1st quarter worth approximately $321,000. Finally, Terra Nova Asset Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $1,643,000. 71.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GS. Citigroup decreased their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Wall Street Zen cut shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Wells Fargo & Company upped their target price on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research report on Tuesday. HSBC reiterated a "reduce" rating and issued a $627.00 price target on shares of The Goldman Sachs Group in a research report on Tuesday. Finally, Evercore ISI raised their price target on The Goldman Sachs Group from $630.00 to $715.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $614.00.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director owned 3,904 shares of the company's stock, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

NYSE:GS traded down $14.15 during mid-day trading on Tuesday, hitting $696.78. 3,098,904 shares of the stock were exchanged, compared to its average volume of 2,403,710. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $726.00. The stock has a market capitalization of $213.80 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35. The firm's 50-day simple moving average is $620.36 and its 200 day simple moving average is $593.17.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The business had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter last year, the firm posted $11.58 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend 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.