Cerity Partners LLC Grows Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Cerity Partners LLC increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 121.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,514 shares of the investment management company's stock after buying an additional 97,213 shares during the period. Cerity Partners LLC owned 0.06% of The Goldman Sachs Group worth $96,974,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Correct Capital Wealth Management increased its stake in shares of The Goldman Sachs Group by 3.9% during the first quarter. Correct Capital Wealth Management now owns 3,620 shares of the investment management company's stock valued at $1,978,000 after purchasing an additional 137 shares in the last quarter. Telos Capital Management Inc. increased its stake in shares of The Goldman Sachs Group by 2.5% during the first quarter. Telos Capital Management Inc. now owns 12,148 shares of the investment management company's stock valued at $6,636,000 after purchasing an additional 302 shares in the last quarter. Alps Advisors Inc. increased its stake in shares of The Goldman Sachs Group by 35.7% during the first quarter. Alps Advisors Inc. now owns 1,049 shares of the investment management company's stock valued at $573,000 after purchasing an additional 276 shares in the last quarter. Round Rock Advisors LLC increased its stake in shares of The Goldman Sachs Group by 28.6% during the first quarter. Round Rock Advisors LLC now owns 1,322 shares of the investment management company's stock valued at $722,000 after purchasing an additional 294 shares in the last quarter. Finally, Stonebrook Private Inc. increased its stake in shares of The Goldman Sachs Group by 4.0% during the first quarter. Stonebrook Private Inc. now owns 749 shares of the investment management company's stock valued at $409,000 after purchasing an additional 29 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $8.35 on Monday, hitting $713.30. 1,906,164 shares of the company's stock were exchanged, compared to its average volume of 2,675,813. The company has a 50-day simple moving average of $632.13 and a 200-day simple moving average of $596.59. The stock has a market capitalization of $218.87 billion, a PE ratio of 16.55, a PEG ratio of 0.96 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $726.00. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same quarter last year, the company posted $11.58 EPS. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director owned 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.55% of the company's stock.

Analyst Ratings Changes

GS has been the subject of a number of analyst reports. Citigroup decreased their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. HSBC reiterated a "reduce" rating and set a $627.00 price target (up previously from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. JMP Securities reiterated a "market perform" rating and set a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $614.00.

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.