Valicenti Advisory Services Inc. Reduces Stake in Goldman Sachs Group Inc (GS)

Valicenti Advisory Services Inc. trimmed its position in Goldman Sachs Group Inc (NYSE:GS) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,626 shares of the investment management company’s stock after selling 460 shares during the period. Goldman Sachs Group accounts for approximately 1.7% of Valicenti Advisory Services Inc.’s investment portfolio, making the stock its 23rd biggest position. Valicenti Advisory Services Inc.’s holdings in Goldman Sachs Group were worth $3,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Geller Family Office Services LLC raised its position in Goldman Sachs Group by 0.3% during the 2nd quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after purchasing an additional 3 shares during the last quarter. Hudock Capital Group LLC raised its position in Goldman Sachs Group by 0.4% during 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 last quarter. FTB Advisors Inc. raised its position in Goldman Sachs Group by 0.3% during 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 last quarter. King Luther Capital Management Corp raised its position in Goldman Sachs Group by 0.4% during 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 last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in Goldman Sachs Group by 0.3% during 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 last quarter. Institutional investors own 73.28% of the company’s stock.

Goldman Sachs Group Inc (NYSE GS) traded down $4.81 during mid-day trading on Thursday, hitting $253.65. The stock had a trading volume of 8,608,100 shares, compared to its average volume of 3,386,382. Goldman Sachs Group Inc has a 1 year low of $209.62 and a 1 year 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 $94,890.00, a price-to-earnings ratio of 29.26, a PEG ratio of 0.94 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.90 by $0.78. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the business posted $5.08 EPS. equities analysts forecast that Goldman Sachs Group Inc will post 18.98 earnings per share for the current year.

Several research analysts recently issued reports on GS shares. Zacks Investment Research lowered 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 set a $225.00 target price (down from $238.00) on shares of Goldman Sachs Group in a research report on Thursday, January 4th. Vining Sparks reaffirmed a “hold” rating and set a $270.00 target price on shares of Goldman Sachs Group in a research report on Monday, January 8th. Barclays raised their target price on 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 target price on Goldman Sachs Group and gave the stock a “sell” rating in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $254.63.

In other news, insider Harvey M. Schwartz sold 25,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $245.00, for a total value of $6,125,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Viniar sold 7,393 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $245.18, for a total value of $1,812,615.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,226 shares of company stock valued at $31,247,168. 2.57% of the stock is currently owned by company insiders.

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Goldman Sachs Group 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.

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

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