The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 82,207 shares of the investment management company’s stock after buying an additional 7,977 shares during the period. Sequoia Financial Advisors LLC’s holdings in The Goldman Sachs Group were worth $47,073,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Asset Planning Inc acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $29,000. Truvestments Capital LLC bought a new position in shares of The Goldman Sachs Group during the third quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling

In related news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kevin R. Johnson acquired 2,400 shares of the stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the transaction, the director now owns 2,400 shares in the company, valued at approximately $1,485,648. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 19,925 shares of company stock worth $12,630,683 in the last three months. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $531.59 on Wednesday. The Goldman Sachs Group, Inc. has a twelve month low of $383.41 and a twelve month high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a 50-day moving average of $615.30 and a two-hundred day moving average of $566.64. The company has a market capitalization of $165.88 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the business earned $5.48 earnings per share. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is presently 29.59%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GS. UBS Group upped their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Wells Fargo & Company reiterated an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Citigroup upped their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Finally, Oppenheimer cut their price target on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $591.69.

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.