Goldman Sachs Group Inc (GS) Shares Sold by Legacy Private Trust Co.

Legacy Private Trust Co. reduced its stake in Goldman Sachs Group Inc (NYSE:GS) by 22.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,209 shares of the investment management company’s stock after selling 345 shares during the period. Legacy Private Trust Co.’s holdings in Goldman Sachs Group were worth $308,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Geller Family Office Services LLC grew its stake in Goldman Sachs Group by 0.3% in the 2nd quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after acquiring an additional 3 shares in the last quarter. Hudock Capital Group LLC lifted its position in shares of Goldman Sachs Group by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock worth $251,000 after purchasing an additional 4 shares during the period. FTB Advisors Inc. lifted its position in shares of Goldman Sachs Group by 0.3% in the 2nd quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock worth $360,000 after purchasing an additional 5 shares during the period. King Luther Capital Management Corp lifted its position in shares of Goldman Sachs Group by 0.4% in the 2nd quarter. King Luther Capital Management Corp now owns 1,725 shares of the investment management company’s stock worth $383,000 after purchasing an additional 7 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Goldman Sachs Group by 0.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,245 shares of the investment management company’s stock worth $720,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 73.28% of the company’s stock.

Shares of Goldman Sachs Group Inc (NYSE:GS) opened at $253.65 on Thursday. Goldman Sachs Group Inc has a 52-week low of $209.62 and a 52-week high of $262.14. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $95,680.00, a P/E ratio of 13.18, a P/E/G ratio of 0.94 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the Zacks’ consensus estimate of $5.14 by $0.54. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The company had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter in the prior year, the company posted $5.08 earnings per share. Goldman Sachs Group’s revenue for the quarter was down 4.2% compared to the same quarter last year. equities analysts forecast that Goldman Sachs Group Inc will post 18.98 EPS for the current fiscal year.

In other Goldman Sachs Group news, Director David A. Viniar sold 7,393 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $245.18, for a total transaction of $1,812,615.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David M. Solomon sold 12,707 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $237.94, for a total transaction of $3,023,503.58. The disclosure for this sale can be found here. Insiders have sold 130,226 shares of company stock valued at $31,247,168 in the last three months. 2.57% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently weighed in on GS shares. Zacks Investment Research cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Instinet reaffirmed an “outperform” rating and issued a $225.00 price target (down previously from $238.00) on shares of Goldman Sachs Group in a research report on Thursday, January 4th. Vining Sparks reaffirmed a “hold” rating and issued a $270.00 price target on shares of Goldman Sachs Group in a research report on Monday, January 8th. Barclays upped their price target on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Societe Generale set a $198.00 price target on shares of Goldman Sachs Group and gave the stock a “sell” rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $250.89.

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Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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