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

Cerity Partners LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 2.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 180,301 shares of the investment management company’s stock after acquiring an additional 4,692 shares during the period. Cerity Partners LLC’s holdings in The Goldman Sachs Group were worth $143,578,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GS. Winthrop Advisory Group LLC lifted its stake in The Goldman Sachs Group by 3.4% in the 2nd 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 in the last quarter. Avion Wealth grew 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 valued at $41,000 after purchasing an additional 14 shares in the last quarter. KPP Advisory Services LLC increased its holdings in shares of The Goldman Sachs Group by 2.1% in the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock worth $473,000 after purchasing an additional 14 shares during the period. FAS Wealth Partners Inc. raised its position 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 worth $462,000 after buying an additional 14 shares in the last quarter. Finally, Ignite Planners LLC raised its position in shares of The Goldman Sachs Group by 4.2% in the third quarter. Ignite Planners LLC now owns 351 shares of the investment management company’s stock worth $280,000 after buying an additional 14 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GS has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $750.00 target price (up from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Barclays lifted their price target on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an “overweight” rating in a research report on Monday. BNP Paribas Exane upped their price objective on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. Finally, BMO Capital Markets boosted their price target on shares of The Goldman Sachs Group from $785.00 to $980.00 and gave the stock a “market perform” rating in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $852.28.

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The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Stock Up 0.7%

Shares of NYSE GS opened at $955.05 on Wednesday. The stock has a market capitalization of $286.45 billion, a P/E ratio of 19.40, a PEG ratio of 1.11 and a beta of 1.33. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year 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 company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the prior year, the company earned $8.40 EPS. The firm’s revenue was up 19.5% on a year-over-year basis. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

About The Goldman Sachs Group

(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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