Cerity Partners LLC Acquires 5,986 Shares of The Goldman Sachs Group, Inc. $GS

Cerity Partners LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 186,287 shares of the investment management company’s stock after purchasing an additional 5,986 shares during the period. Cerity Partners LLC’s holdings in The Goldman Sachs Group were worth $163,756,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Stevens Capital Management LP bought a new stake in The Goldman Sachs Group during the 3rd quarter worth $1,392,000. AlTi Global Inc. grew its position in The Goldman Sachs Group by 87.3% during the 3rd quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company’s stock worth $23,707,000 after acquiring an additional 13,879 shares during the last quarter. Wealthfront Advisers LLC grew its position in The Goldman Sachs Group by 1.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 48,681 shares of the investment management company’s stock worth $38,767,000 after acquiring an additional 780 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in The Goldman Sachs Group during the 3rd quarter worth $3,083,000. Finally, Profund Advisors LLC grew its position in The Goldman Sachs Group by 7.5% during the 3rd quarter. Profund Advisors LLC now owns 8,053 shares of the investment management company’s stock worth $6,413,000 after acquiring an additional 565 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $1,045.74 on Tuesday. The Goldman Sachs Group, Inc. has a one year low of $609.31 and a one year high of $1,098.36. The firm has a market capitalization of $308.50 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 1.34 and a beta of 1.30. The business has a 50-day simple moving average of $941.04 and a 200 day simple moving average of $903.62. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The business had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. During the same period in the previous year, the company posted $14.12 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s payout ratio is presently 32.89%.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs’ stock has been buoyed by a stronger tone in financial shares overall, with sector updates showing banks and financials moving higher during the session, which supports GS as a bellwether for the group.
• Positive Sentiment: Several articles highlight Goldman’s bullish research calls and market commentary, including additions to its U.S. Conviction List and upbeat views on stocks with upside potential, reinforcing investor confidence in the firm’s market positioning.
• Positive Sentiment: Coverage also noted Goldman Sachs CEO David Solomon’s comments that the market has enough capital to fund major AI IPOs such as SpaceX, Anthropic, and OpenAI, which underscores Goldman’s role in high-profile capital markets activity.
• Neutral Sentiment: Goldman Sachs’ warning that the market is showing increasing signs of exuberance around AI and other growth themes may be seen as prudent risk management rather than a direct negative for earnings.
• Neutral Sentiment: Reports that Goldman pushed its Fed rate-cut expectations out to 2027 after strong U.S. jobs data could affect rate-sensitive sectors, but the direct impact on GS is unclear and may simply reflect a firmer macro backdrop.
• Negative Sentiment: The biggest offset is the broader weakness in financial stocks reported late Monday, which could cap upside if investors rotate out of banks and brokers.
• Negative Sentiment: News that chief legal officer Kathy Ruemmler will remain as an adviser after resigning over Epstein ties adds an overhang of reputational and governance scrutiny, even if it is not a core business issue.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of research reports. Bank of America reduced their price objective on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Evercore cut their target price on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. BMO Capital Markets lifted their target price on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a report on Monday, April 20th. Finally, Dbs Bank lifted their target price on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Nine research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $943.95.

Insider Transactions at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value of $1,044,776.88. Following the completion of the sale, the insider directly owned 2,578 shares of the company’s stock, valued at $2,413,472.04. The trade was a 30.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the sale, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at $30,248,198.50. The trade was a 18.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 33,681 shares of company stock valued at $31,737,875. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Company Profile

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.