Janney Capital Management LLC Sells 1,434 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Janney Capital Management LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,612 shares of the investment management company’s stock after selling 1,434 shares during the quarter. Janney Capital Management LLC’s holdings in The Goldman Sachs Group were worth $14,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in GS. Ameriprise Financial Inc. raised its holdings in shares of The Goldman Sachs Group by 11.2% during the third quarter. Ameriprise Financial Inc. now owns 801,784 shares of the investment management company’s stock valued at $259,454,000 after purchasing an additional 80,674 shares during the period. Legacy Advisors LLC boosted its holdings in The Goldman Sachs Group by 3.7% in the third quarter. Legacy Advisors LLC now owns 1,046 shares of the investment management company’s stock worth $338,000 after acquiring an additional 37 shares in the last quarter. Scotia Capital Inc. boosted its holdings in The Goldman Sachs Group by 2.3% in the third quarter. Scotia Capital Inc. now owns 42,099 shares of the investment management company’s stock worth $13,622,000 after acquiring an additional 942 shares in the last quarter. Industrial Alliance Investment Management Inc. acquired a new stake in The Goldman Sachs Group in the third quarter valued at approximately $441,000. Finally, Crestwood Advisors Group LLC bought a new stake in shares of The Goldman Sachs Group during the third quarter valued at approximately $3,535,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS traded down $3.17 during midday trading on Friday, reaching $464.75. The company had a trading volume of 1,594,040 shares, compared to its average volume of 1,825,111. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $471.48. The business has a 50-day moving average price of $454.22 and a two-hundred day moving average price of $413.68. The stock has a market cap of $149.87 billion, a PE ratio of 18.15, a P/E/G ratio of 0.95 and a beta of 1.37. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The Goldman Sachs Group’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company earned $8.79 earnings per share. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 36.47 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the transaction, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the transaction, the insider now directly owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the sale, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on GS shares. Citigroup lifted their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. BMO Capital Markets upped their target price on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. HSBC increased their price objective on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, JMP Securities lifted their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus target price of $445.62.

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.