Valicenti Advisory Services Inc. lowered its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,832 shares of the investment management company’s stock after selling 50 shares during the quarter. Valicenti Advisory Services Inc.’s holdings in Goldman Sachs Group were worth $1,373,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Howe & Rusling Inc. purchased a new stake in shares of Goldman Sachs Group during the second quarter valued at approximately $35,000. Heritage Wealth Advisors grew its stake in Goldman Sachs Group by 495.0% in the 2nd quarter. Heritage Wealth Advisors now owns 1,190 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 990 shares during the period. Crewe Advisors LLC increased its position in shares of Goldman Sachs Group by 42.8% during the 3rd quarter. Crewe Advisors LLC now owns 207 shares of the investment management company’s stock valued at $42,000 after purchasing an additional 62 shares during the last quarter. Costello Asset Management INC bought a new stake in shares of Goldman Sachs Group during the 2nd quarter worth $44,000. Finally, West Oak Capital LLC purchased a new position in shares of Goldman Sachs Group in the 3rd quarter worth about $48,000. Hedge funds and other institutional investors own 68.70% of the company’s stock.
Goldman Sachs Group stock traded down $2.39 during midday trading on Friday, reaching $206.21. 3,246,646 shares of the stock were exchanged, compared to its average volume of 3,770,474. Goldman Sachs Group Inc has a 52 week low of $130.85 and a 52 week high of $250.46. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $70.95 billion, a PE ratio of 10.94, a PEG ratio of 6.54 and a beta of 1.39. The company’s fifty day moving average is $202.41 and its 200-day moving average is $195.54.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 20th. The investment management company reported $9.68 EPS for the quarter, beating analysts’ consensus estimates of $5.57 by $4.11. Goldman Sachs Group had a net margin of 13.40% and a return on equity of 9.07%. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $9.40 billion. During the same period in the previous year, the business earned $4.79 EPS. The business’s revenue for the quarter was up 28.6% on a year-over-year basis. On average, sell-side analysts anticipate that Goldman Sachs Group Inc will post 14.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.42%. The ex-dividend date is Tuesday, December 1st. Goldman Sachs Group’s payout ratio is 23.78%.
GS has been the topic of a number of research analyst reports. Citigroup boosted their target price on shares of Goldman Sachs Group from $285.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday. Barclays upped their price objective on Goldman Sachs Group from $253.00 to $270.00 and gave the company an “equal weight” rating in a research note on Thursday. Berenberg Bank raised their target price on Goldman Sachs Group from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. TheStreet raised Goldman Sachs Group from a “c+” rating to a “b-” rating in a research report on Wednesday. Finally, UBS Group upgraded Goldman Sachs Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $220.00 to $245.00 in a research note on Wednesday, September 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $249.29.
Goldman Sachs Group Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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