Goldman Sachs Group, Inc. (The) (GS) Holdings Decreased by Comerica Securities Inc.

Comerica Securities Inc. lowered its holdings in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,802 shares of the investment management company’s stock after selling 154 shares during the period. Comerica Securities Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $1,066,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Northwest Quadrant Wealth Management LLC purchased a new stake in shares of Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at about $407,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Goldman Sachs Group, Inc. (The) during the 2nd quarter valued at about $101,000. WealthTrust Arizona LLC raised its holdings in shares of Goldman Sachs Group, Inc. (The) by 97.1% during the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after buying an additional 231 shares in the last quarter. Sterling Investment Advisors Ltd. raised its holdings in shares of Goldman Sachs Group, Inc. (The) by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after buying an additional 125 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of Goldman Sachs Group, Inc. (The) during the 2nd quarter valued at about $111,000. 73.28% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the company. TheStreet raised Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a report on Friday, October 13th. Citigroup Inc. reissued a “neutral” rating and set a $250.00 price objective (up from $225.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, October 9th. Credit Suisse Group cut Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $240.00 to $255.00 in a report on Monday, October 9th. They noted that the move was a valuation call. BMO Capital Markets reissued a “hold” rating and set a $202.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Friday, October 6th. Finally, Zacks Investment Research cut Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $240.09.

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Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at 236.09 on Wednesday. Goldman Sachs Group, Inc. has a 52-week low of $168.45 and a 52-week high of $255.15. The company’s 50 day moving average price is $230.72 and its 200 day moving average price is $225.29. The company has a market capitalization of $91.65 billion, a price-to-earnings ratio of 12.38 and a beta of 1.41.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The company had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. During the same quarter in the prior year, the firm earned $4.88 earnings per share. Goldman Sachs Group, Inc. (The)’s revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that Goldman Sachs Group, Inc. will post $18.19 EPS for the current year.

In related news, Director David A. Viniar sold 4,590 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total value of $1,045,556.10. Following the transaction, the director now owns 854,925 shares of the company’s stock, valued at $194,743,365.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David M. Solomon sold 3,260 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $231.59, for a total value of $754,983.40. Following the completion of the transaction, the insider now directly owns 177,594 shares in the company, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. In the last three months, insiders sold 25,535 shares of company stock worth $5,956,868. 2.57% of the stock is owned by insiders.

Goldman Sachs Group, Inc. (The) 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, Inc. (The) (NYSE:GS)

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