The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 121,701 shares of the investment management company's stock after purchasing an additional 7,819 shares during the period. Janney Montgomery Scott LLC's holdings in The Goldman Sachs Group were worth $66,484,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Curio Wealth LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $30,000. Godsey & Gibb Inc. increased its position in The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after buying an additional 34 shares in the last quarter. Transce3nd LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $31,000. Mascagni Wealth Management Inc. bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on GS shares. Wall Street Zen downgraded shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Evercore ISI decreased their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. Wells Fargo & Company cut their target price on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and a consensus price target of $593.40.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Stock Performance

NYSE:GS traded up $5.06 during midday trading on Friday, reaching $640.30. The stock had a trading volume of 3,916,573 shares, compared to its average volume of 2,380,473. The stock has a market cap of $196.47 billion, a P/E ratio of 14.86, a P/E/G ratio of 0.87 and a beta of 1.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The firm has a fifty day simple moving average of $578.87 and a two-hundred day simple moving average of $584.22.

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

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.87%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

The Goldman Sachs Group Company 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.