Cwm LLC Raises Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

CWM LLC increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,063 shares of the investment management company's stock after buying an additional 532 shares during the quarter. CWM LLC's holdings in The Goldman Sachs Group were worth $8,229,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GS. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth $30,000. Mascagni Wealth Management Inc. purchased a new stake in The Goldman Sachs Group in the fourth quarter worth $31,000. American Capital Advisory LLC purchased a new position in shares of The Goldman Sachs Group during the first quarter valued at $29,000. Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at $31,000. Finally, Godsey & Gibb Inc. increased its stake in shares of The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after buying an additional 34 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Up 0.3%

Shares of GS stock traded up $2.47 during trading hours on Friday, reaching $708.31. 1,923,088 shares of the company's stock were exchanged, compared to its average volume of 2,364,984. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $726.00. The stock has a market cap of $217.34 billion, a PE ratio of 15.61, a PEG ratio of 0.95 and a beta of 1.35. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26. The stock's fifty day moving average price is $647.01 and its two-hundred day moving average price is $600.89.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The firm had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the previous year, the company posted $8.62 earnings per share. The company's revenue was up 14.5% compared to the same quarter last year. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be issued a $4.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a yield of 2.26%. The Goldman Sachs Group's payout ratio is presently 27.85%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GS. JPMorgan Chase & Co. cut their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a research note on Thursday. JMP Securities restated a "market perform" rating and set a $600.00 price target on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $650.00 to $785.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Citigroup cut their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group presently has an average rating of "Hold" and an average price target of $649.29.

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.