Corrado Advisors LLC lowered its holdings in Goldman Sachs Group Inc (NYSE:GS) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,048 shares of the investment management company’s stock after selling 124 shares during the quarter. Goldman Sachs Group makes up approximately 1.6% of Corrado Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Corrado Advisors LLC’s holdings in Goldman Sachs Group were worth $1,850,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Advantage Investment Management LLC bought a new stake in Goldman Sachs Group during the 3rd quarter worth approximately $29,000. B & T Capital Management DBA Alpha Capital Management bought a new stake in Goldman Sachs Group during the 3rd quarter worth approximately $32,000. Marquette Asset Management LLC increased its holdings in Goldman Sachs Group by 91.5% during the 3rd quarter. Marquette Asset Management LLC now owns 157 shares of the investment management company’s stock worth $33,000 after acquiring an additional 75 shares during the period. Pathstone Family Office LLC increased its holdings in Goldman Sachs Group by 2,900.0% during the 2nd quarter. Pathstone Family Office LLC now owns 180 shares of the investment management company’s stock worth $37,000 after acquiring an additional 174 shares during the period. Finally, NuWave Investment Management LLC increased its holdings in Goldman Sachs Group by 370.9% during the 3rd quarter. NuWave Investment Management LLC now owns 259 shares of the investment management company’s stock worth $53,000 after acquiring an additional 204 shares during the period. 69.53% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on GS. JMP Securities raised shares of Goldman Sachs Group from a “market perform” rating to an “outperform” rating and set a $290.00 target price on the stock in a report on Monday. Barclays reaffirmed a “hold” rating and set a $267.00 target price on shares of Goldman Sachs Group in a report on Tuesday, January 7th. Bank of America raised shares of Goldman Sachs Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $245.00 to $270.00 in a research note on Thursday, January 9th. Wells Fargo & Co reissued an “overweight” rating and issued a $280.00 price target (up previously from $240.00) on shares of Goldman Sachs Group in a research note on Tuesday, December 17th. Finally, Citigroup raised shares of Goldman Sachs Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $220.00 to $255.00 in a research note on Monday, December 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $261.56.

GS stock traded up $1.28 during midday trading on Wednesday, reaching $246.94. The company had a trading volume of 4,386,794 shares, compared to its average volume of 3,566,197. Goldman Sachs Group Inc has a 1 year low of $176.40 and a 1 year high of $248.52. The company has a market capitalization of $85.73 billion, a P/E ratio of 9.77, a P/E/G ratio of 1.28 and a beta of 1.37. The firm has a 50-day moving average price of $228.79 and a 200-day moving average price of $214.75. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.78 and a quick ratio of 0.78.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $4.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.24 by ($0.55). Goldman Sachs Group had a net margin of 18.86% and a return on equity of 11.41%. The business had revenue of $9.96 billion during the quarter, compared to analysts’ expectations of $8.56 billion. During the same period last year, the company posted $6.04 EPS. Goldman Sachs Group’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, equities analysts predict that Goldman Sachs Group Inc will post 21.49 EPS for the current year.

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

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