The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 48.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,742 shares of the investment management company's stock after selling 3,506 shares during the quarter. OneDigital Investment Advisors LLC's holdings in The Goldman Sachs Group were worth $2,143,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Stifel Financial Corp raised its stake in The Goldman Sachs Group by 15.6% in the fourth quarter. Stifel Financial Corp now owns 279,697 shares of the investment management company's stock worth $160,190,000 after buying an additional 37,689 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of The Goldman Sachs Group by 43.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 67,728 shares of the investment management company's stock worth $38,798,000 after purchasing an additional 20,673 shares during the last quarter. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $31,000. Seaview Investment Managers LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $9,619,000. Finally, Sharpepoint LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $575,000. Institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

GS has been the subject of several analyst reports. Barclays decreased their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a report on Friday, April 4th. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a research note on Monday, April 7th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $593.40.

Insider Activity

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the company's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now directly owns 3,545 shares of the company's stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $0.66 on Monday, reaching $545.52. 510,795 shares of the company's stock traded hands, compared to its average volume of 2,956,631. The Goldman Sachs Group, Inc. has a fifty-two week low of $425.19 and a fifty-two 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 firm has a market cap of $170.22 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 0.89 and a beta of 1.33. The stock has a 50 day moving average price of $548.95 and a 200-day moving average price of $574.43.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion for 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 business earned $11.58 earnings per share. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

The Goldman Sachs Group Company 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.