Simon Quick Advisors LLC Has $1.76 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Simon Quick Advisors LLC grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 22.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,222 shares of the investment management company's stock after acquiring an additional 589 shares during the quarter. Simon Quick Advisors LLC's holdings in The Goldman Sachs Group were worth $1,760,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GS. Pointe Capital Management LLC raised its position in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock worth $951,000 after purchasing an additional 16 shares during the period. Blackston Financial Advisory Group LLC raised its position in shares of The Goldman Sachs Group by 2.1% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 831 shares of the investment management company's stock worth $476,000 after purchasing an additional 17 shares during the period. Morris Financial Concepts Inc. raised its position in shares of The Goldman Sachs Group by 3.5% during the fourth quarter. Morris Financial Concepts Inc. now owns 536 shares of the investment management company's stock worth $307,000 after purchasing an additional 18 shares during the period. Delta Financial Advisors LLC raised its position in shares of The Goldman Sachs Group by 0.3% during the fourth quarter. Delta Financial Advisors LLC now owns 6,861 shares of the investment management company's stock worth $3,929,000 after purchasing an additional 18 shares during the period. Finally, Prestige Wealth Management Group LLC raised its position in shares of The Goldman Sachs Group by 1.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company's stock worth $950,000 after purchasing an additional 18 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 0.2%

Shares of GS traded up $1.02 during trading hours on Thursday, hitting $625.19. 1,632,468 shares of the company were exchanged, compared to its average volume of 2,370,710. The company has a market cap of $191.83 billion, a PE ratio of 15.42, a PEG ratio of 0.89 and a beta of 1.32. The firm's 50 day moving average is $561.88 and its 200-day moving average is $583.31. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter in the prior year, the company posted $11.58 EPS. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid 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 1.92%. The Goldman Sachs Group's payout ratio is 27.85%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Citigroup dropped their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company dropped their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $593.40.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.55% of the stock is owned by corporate insiders.

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.