Janney Capital Management LLC Cuts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Janney Capital Management LLC lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,844 shares of the investment management company’s stock after selling 552 shares during the quarter. Janney Capital Management LLC’s holdings in The Goldman Sachs Group were worth $13,572,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GS. Curio Wealth LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $30,000. Mascagni Wealth Management Inc. purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $31,000. Transce3nd LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter valued at $31,000. Godsey & Gibb Inc. increased its position in The Goldman Sachs Group by 170.0% during 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. Finally, Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter worth $34,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 1.8%

NYSE GS opened at $635.69 on Thursday. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19. The company has a 50-day simple moving average of $575.93 and a 200-day simple moving average of $583.99. 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 firm has a market capitalization of $195.06 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.85 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The business had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period in the previous year, the business posted $11.58 EPS. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 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 Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s payout ratio is 27.85%.

Analyst Ratings Changes

GS has been the subject of a number of recent research reports. Barclays dropped their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Citigroup reduced their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. JPMorgan Chase & Co. lowered their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. 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. Finally, JMP Securities dropped their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction on Tuesday, April 15th. The stock was purchased 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 of the company’s stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.55% of the stock is currently owned by company insiders.

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.