Janney Capital Management LLC Sells 552 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Janney Capital Management LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,844 shares of the investment management company's stock after selling 552 shares during the period. Janney Capital Management LLC's holdings in The Goldman Sachs Group were worth $13,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GS. Brighton Jones LLC raised its holdings in shares of The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock worth $1,989,000 after acquiring an additional 508 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth approximately $32,815,000. Revolve Wealth Partners LLC raised its stake in shares of The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after purchasing an additional 58 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of The Goldman Sachs Group by 2.6% in the fourth quarter. Van ECK Associates Corp now owns 6,320 shares of the investment management company's stock valued at $3,619,000 after purchasing an additional 163 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth $583,000. Institutional investors own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley set a $558.00 price target on The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday, April 7th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Citigroup decreased their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Finally, JMP Securities cut their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $593.40.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $11.05 during trading on Thursday, hitting $635.69. 2,421,001 shares of the company's stock traded hands, compared to its average volume of 2,373,551. 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 stock has a market capitalization of $195.06 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.85 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The business has a 50 day moving average of $575.93 and a 200-day moving average of $583.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The company 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 period in the prior year, the company posted $11.58 EPS. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.89%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

The Goldman Sachs Group Profile

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.