Valicenti Advisory Services Inc Lowers stake in Goldman Sachs Group Inc (GS)

Goldman Sachs Group Inc (GS) : Valicenti Advisory Services Inc reduced its stake in Goldman Sachs Group Inc by 1.35% during the most recent quarter end. The investment management company now holds a total of 25,608 shares of Goldman Sachs Group Inc which is valued at $4,122,632 after selling 350 shares in Goldman Sachs Group Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Goldman Sachs Group Inc makes up approximately 2.53% of Valicenti Advisory Services Inc’s portfolio.

Other Hedge Funds, Including , 1st Global Advisors boosted its stake in GS in the latest quarter, The investment management firm added 61 additional shares and now holds a total of 2,713 shares of Goldman Sachs Group Inc which is valued at $435,192. Goldman Sachs Group Inc makes up approx 0.06% of 1st Global Advisors’s portfolio.First American Bank reduced its stake in GS by selling 10,892 shares or 18.58% in the most recent quarter. The Hedge Fund company now holds 47,717 shares of GS which is valued at $7,654,284. Goldman Sachs Group Inc makes up approx 0.75% of First American Bank’s portfolio.Strategic Advisors boosted its stake in GS in the latest quarter, The investment management firm added 57 additional shares and now holds a total of 4,939 shares of Goldman Sachs Group Inc which is valued at $798,982. Goldman Sachs Group Inc makes up approx 0.45% of Strategic Advisors’s portfolio.Berson Corrado Investment Advisors boosted its stake in GS in the latest quarter, The investment management firm added 64 additional shares and now holds a total of 2,544 shares of Goldman Sachs Group Inc which is valued at $382,567. Goldman Sachs Group Inc makes up approx 0.14% of Berson Corrado Investment Advisors’s portfolio.

Goldman Sachs Group Inc closed down -1.72 points or -1.07% at $158.81 with 23,88,194 shares getting traded on Friday. Post opening the session at $159.51, the shares hit an intraday low of $158.65 and an intraday high of $160.19 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Goldman Sachs Group Inc reported $3.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.67 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $3.05. The company had revenue of $7932.00 million for the quarter, compared to analysts expectations of $7484.56 million. The company’s revenue was down -12.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.75 EPS.

Many Wall Street Analysts have commented on Goldman Sachs Group Inc. Shares were Reiterated by UBS on Jul 20, 2016 to “Neutral” and Lowered the Price Target to $ 180 from a previous price target of $185 .Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 150 from a previous price target of $145 .Berenberg Initiated Goldman Sachs Group Inc on Jul 13, 2016 to “Hold”, Price Target of the shares are set at $140.

The Goldman Sachs Group Inc. is a bank holding company and a financial holding company. The Company is a global investment banking securities and investment management company that provides a range of financial services to a diversified client base that include corporations financial institutions Governments and individuals. The Company has four business segments. The Investment Banking segment’s services include strategic advisory assignments and debt and equity underwriting of public offerings and private placements. Its Institutional Client Services segment makes markets and facilitates client transactions in fixed income equity currency and commodity products. Its investing and lending activities include the Company’s investing and relationship lending activities across various asset classes primarily debt securities and loans public and private equity securities and real estate. Its investment management segment provides investment and wealth advisory services.

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