The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Shayne & Jacobs LLC

Shayne & Jacobs LLC cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,191 shares of the investment management company’s stock after selling 117 shares during the quarter. The Goldman Sachs Group comprises 1.1% of Shayne & Jacobs LLC’s investment portfolio, making the stock its 10th biggest position. Shayne & Jacobs LLC’s holdings in The Goldman Sachs Group were worth $4,475,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. American Capital Advisory LLC acquired a new position in shares of The Goldman Sachs Group during the 1st quarter valued at about $29,000. Curio Wealth LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Godsey & Gibb Inc. raised its position in shares of The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after buying an additional 34 shares during the period. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $31,000. Finally, Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group in the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GS shares. Hsbc Global Res downgraded The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Citizens Jmp restated a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday. Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. HSBC reiterated a “reduce” rating and set a $627.00 price target (up from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Finally, Daiwa Capital Markets lowered shares of 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. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and an average price target of $614.00.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $702.28 on Wednesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $215.49 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. The stock’s 50-day moving average is $638.26 and its two-hundred day moving average is $598.28. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

About The Goldman Sachs Group

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.