Cerity Partners LLC Grows Position in The Goldman Sachs Group, Inc. $GS

Cerity Partners LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,301 shares of the investment management company’s stock after acquiring an additional 4,692 shares during the quarter. Cerity Partners LLC owned 0.06% of The Goldman Sachs Group worth $143,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Winthrop Advisory Group LLC boosted its holdings in The Goldman Sachs Group by 3.4% during the second quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock worth $303,000 after purchasing an additional 14 shares during the last quarter. Avion Wealth lifted its position in shares of The Goldman Sachs Group by 31.1% during the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock worth $41,000 after buying an additional 14 shares in the last quarter. KPP Advisory Services LLC boosted its stake in shares of The Goldman Sachs Group by 2.1% in the 2nd quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock worth $473,000 after buying an additional 14 shares during the last quarter. FAS Wealth Partners Inc. grew its holdings in shares of The Goldman Sachs Group by 2.2% in the second quarter. FAS Wealth Partners Inc. now owns 653 shares of the investment management company’s stock valued at $462,000 after acquiring an additional 14 shares in the last quarter. Finally, Ignite Planners LLC increased its position in shares of The Goldman Sachs Group by 4.2% during the third quarter. Ignite Planners LLC now owns 351 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 14 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE GS opened at $955.05 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53. The company has a market cap of $286.45 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.11 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $961.69. The firm’s 50-day simple moving average is $843.27 and its two-hundred day simple moving average is $778.94.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.27 by $1.98. The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.40 earnings per share. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were issued a dividend of $4.00 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 1.7%. The Goldman Sachs Group’s payout ratio is presently 32.50%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $855.00 to $970.00 and gave the stock an “overweight” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Morgan Stanley decreased their price objective on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a report on Wednesday, October 15th. Finally, BMO Capital Markets lifted their price objective on shares of The Goldman Sachs Group from $785.00 to $980.00 and gave the stock a “market perform” rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $852.28.

View Our Latest Stock Report on The Goldman Sachs Group

The Goldman Sachs Group News Summary

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The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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