The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,046 shares of the investment management company’s stock after selling 1,637 shares during the quarter. Janney Capital Management LLC’s holdings in The Goldman Sachs Group were worth $13,520,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Janney Montgomery Scott LLC grew its position in The Goldman Sachs Group by 3.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 89,462 shares of the investment management company’s stock worth $34,512,000 after buying an additional 3,394 shares during the period. Nicholas Investment Partners LP lifted its stake in shares of The Goldman Sachs Group by 30.0% during the fourth quarter. Nicholas Investment Partners LP now owns 13,000 shares of the investment management company’s stock valued at $5,015,000 after buying an additional 3,000 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of The Goldman Sachs Group by 3.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 434,125 shares of the investment management company’s stock worth $165,745,000 after purchasing an additional 16,186 shares during the last quarter. Westpac Banking Corp boosted its position in shares of The Goldman Sachs Group by 3.4% in the fourth quarter. Westpac Banking Corp now owns 15,518 shares of the investment management company’s stock worth $5,986,000 after acquiring an additional 514 shares during the last quarter. Finally, Quotient Wealth Partners LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth $673,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders have sold 29,330 shares of company stock worth $11,713,578 over the last 90 days. 0.57% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of GS stock traded up $7.52 during mid-day trading on Wednesday, hitting $465.99. 2,216,390 shares of the stock traded hands, compared to its average volume of 2,351,807. 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 company’s 50-day simple moving average is $413.04 and its 200-day simple moving average is $382.77. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $466.19. The firm has a market cap of $150.26 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.79 EPS. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 36.78 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Wall Street Analysts Forecast Growth

GS has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a report on Tuesday, April 16th. Citigroup raised their price objective on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Evercore ISI upped their target price on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price for the company in a research report on Tuesday, April 16th. Finally, Oppenheimer boosted their price objective on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $440.57.

Check Out Our Latest Stock Analysis on GS

The Goldman Sachs Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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