Sequoia Financial Advisors LLC Purchases 44,240 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Sequoia Financial Advisors LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 53.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,447 shares of the investment management company's stock after buying an additional 44,240 shares during the quarter. Sequoia Financial Advisors LLC's holdings in The Goldman Sachs Group were worth $69,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Deutsche Bank AG boosted its holdings in The Goldman Sachs Group by 15.4% in the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after purchasing an additional 138,198 shares during the last quarter. Baxter Bros Inc. boosted its stake in shares of The Goldman Sachs Group by 1.0% during the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after acquiring an additional 151 shares during the last quarter. Erste Asset Management GmbH boosted its stake in shares of The Goldman Sachs Group by 5.9% during the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after acquiring an additional 320 shares during the last quarter. Fidelis Capital Partners LLC boosted its stake in shares of The Goldman Sachs Group by 65.7% during the 4th quarter. Fidelis Capital Partners LLC now owns 7,418 shares of the investment management company's stock worth $4,691,000 after acquiring an additional 2,942 shares during the last quarter. Finally, Berkshire Asset Management LLC PA boosted its stake in shares of The Goldman Sachs Group by 7.2% during the 4th quarter. Berkshire Asset Management LLC PA now owns 1,164 shares of the investment management company's stock worth $667,000 after acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GS shares. JMP Securities dropped their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lowered their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. 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 on the stock in a report on Tuesday, April 15th. Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Evercore ISI reduced their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $595.67.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded up $3.59 during trading hours on Friday, reaching $690.75. The company's stock had a trading volume of 3,644,601 shares, compared to its average volume of 2,381,784. The firm has a 50 day moving average price of $594.71 and a 200-day moving average price of $586.40. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $711.65. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $211.95 billion, a P/E ratio of 16.03, a P/E/G ratio of 0.94 and a beta of 1.32.

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

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.74%. 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.