The Goldman Sachs Group, Inc. $GS Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 20.7% during the third quarter, HoldingsChannel reports. The firm owned 19,476 shares of the investment management company’s stock after selling 5,081 shares during the period. Janney Capital Management LLC’s holdings in The Goldman Sachs Group were worth $15,510,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA grew its position in The Goldman Sachs Group by 1.9% in the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 3,815 shares of the investment management company’s stock valued at $3,038,000 after acquiring an additional 72 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in The Goldman Sachs Group by 3.2% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,262 shares of the investment management company’s stock worth $8,172,000 after buying an additional 318 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of The Goldman Sachs Group by 0.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,006,345 shares of the investment management company’s stock worth $801,403,000 after acquiring an additional 5,718 shares during the last quarter. First Horizon Corp purchased a new position in The Goldman Sachs Group in the third quarter valued at about $1,057,000. Finally, MGO One Seven LLC raised its position in shares of The Goldman Sachs Group by 1.7% in the 3rd quarter. MGO One Seven LLC now owns 11,340 shares of the investment management company’s stock valued at $9,031,000 after purchasing an additional 194 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

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The Goldman Sachs Group Stock Performance

Shares of GS opened at $949.56 on Tuesday. The firm has a fifty day moving average of $855.60 and a 200-day moving average of $786.65. The company has a market cap of $284.80 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.00 and a beta of 1.33. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $961.69.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The firm had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the prior year, the firm earned $8.40 EPS. The Goldman Sachs Group’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the stock a “sector perform” rating in a research report on Friday, December 12th. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $750.00 to $775.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Wells Fargo & Company upped their target price on shares of The Goldman Sachs Group from $855.00 to $970.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Jefferies Financial Group lifted their price target on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. Five investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $849.61.

Check Out Our Latest Research Report on GS

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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

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