Goldman Sachs Group (GS) Holder Rudman Errol M Has Decreased Stake by $2.37 Million as Valuation Declined; Cordasco Financial Network Position in Liberty Ppty Tr (LPT) Decreased as Market Value Rose

January 14, 2018 - By Ellis Scott

Rudman Errol M decreased its stake in Goldman Sachs Group Inc (GS) by 32.96% based on its latest 2017Q3 regulatory filing with the SEC. Rudman Errol M sold 10,000 shares as the company’s stock declined 13.97% while stock markets rallied. The institutional investor held 20,340 shares of the finance company at the end of 2017Q3, valued at $4.82M, down from 30,340 at the end of the previous reported quarter. Rudman Errol M who had been investing in Goldman Sachs Group Inc for a number of months, seems to be less bullish one the $96.95B market cap company. The stock increased 0.74% or $1.9 during the last trading session, reaching $257.03. About 2.85 million shares traded or 5.27% up from the average. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 39.23% since January 14, 2017 and is uptrending. It has outperformed by 22.53% the S&P500.

Cordasco Financial Network decreased its stake in Liberty Ppty Tr (LPT) by 33.33% based on its latest 2017Q3 regulatory filing with the SEC. Cordasco Financial Network sold 20,000 shares as the company’s stock rose 5.20% with the market. The institutional investor held 40,000 shares of the real estate investment trusts company at the end of 2017Q3, valued at $1.64M, down from 60,000 at the end of the previous reported quarter. Cordasco Financial Network who had been investing in Liberty Ppty Tr for a number of months, seems to be less bullish one the $6.15B market cap company. The stock decreased 0.83% or $0.34 during the last trading session, reaching $40.72. About 882,665 shares traded or 24.03% up from the average. Liberty Property Trust (NYSE:LPT) has risen 14.91% since January 14, 2017 and is uptrending. It has underperformed by 1.79% the S&P500.

Since August 1, 2017, it had 0 insider buys, and 6 insider sales for $15.08 million activity. Shares for $754,997 were sold by SOLOMON DAVID M. GNODDE RICHARD J sold 4,951 shares worth $1.19 million. ROGERS JOHN F.W. had sold 17,685 shares worth $4.16 million on Tuesday, August 8. On Friday, October 20 SCHWARTZ HARVEY M sold $6.13M worth of The Goldman Sachs Group, Inc. (NYSE:GS) or 25,000 shares.

Investors sentiment decreased to 0.75 in Q3 2017. Its down 0.33, from 1.08 in 2017Q2. It fall, as 63 investors sold GS shares while 427 reduced holdings. 82 funds opened positions while 285 raised stakes. 271.74 million shares or 2.47% less from 278.62 million shares in 2017Q2 were reported. 7,586 were accumulated by Counselors Of Maryland Lc. Afam Capital stated it has 19,547 shares. Denver Invest Advsr Llc holds 0.02% in The Goldman Sachs Group, Inc. (NYSE:GS) or 1,390 shares. Japan-based Asset Mgmt One has invested 0.32% in The Goldman Sachs Group, Inc. (NYSE:GS). Seabridge Investment Ltd Com holds 0% or 71 shares in its portfolio. Birmingham Mgmt Al owns 0.11% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 1,135 shares. 61,160 were accumulated by James Invest Research. First Amer Bancorporation has invested 0.75% in The Goldman Sachs Group, Inc. (NYSE:GS). Montecito Fincl Bank reported 2,305 shares or 0.19% of all its holdings. Hourglass Capital Limited Co holds 56,271 shares or 3.18% of its portfolio. Hennessy holds 0.04% or 6,000 shares in its portfolio. Arrowgrass Prtn (Us) Limited Partnership accumulated 23,436 shares or 0.04% of the stock. Spinnaker reported 1,433 shares. Bp Plc holds 43,000 shares or 0.36% of its portfolio. Ulysses Mgmt Limited Company has invested 0.07% in The Goldman Sachs Group, Inc. (NYSE:GS).

Analysts await The Goldman Sachs Group, Inc. (NYSE:GS) to report earnings on January, 17 before the open. They expect $5.10 earnings per share, up 0.39% or $0.02 from last year’s $5.08 per share. GS’s profit will be $1.92B for 12.60 P/E if the $5.10 EPS becomes a reality. After $5.02 actual earnings per share reported by The Goldman Sachs Group, Inc. for the previous quarter, Wall Street now forecasts 1.59% EPS growth.

Among 30 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 13 have Buy rating, 1 Sell and 16 Hold. Therefore 43% are positive. Goldman Sachs Group Inc. had 90 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, April 19 by Citigroup. The firm earned “Buy” rating on Monday, October 10 by . As per Monday, November 6, the company rating was downgraded by Vertical Group. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) earned “Buy” rating by UBS on Friday, January 6. The firm earned “Hold” rating on Tuesday, September 22 by Zacks. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) earned “Hold” rating by BMO Capital Markets on Wednesday, May 31. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Hold” rating given on Tuesday, October 17 by BMO Capital Markets. Evercore upgraded the stock to “Buy” rating in Monday, August 31 report. The company was downgraded on Wednesday, December 21 by Atlantic Securities. Vertical Group upgraded The Goldman Sachs Group, Inc. (NYSE:GS) on Friday, December 29 to “Buy” rating.

Rudman Errol M, which manages about $174.25 million US Long portfolio, upped its stake in United Contl Hldgs Inc (NYSE:UAL) by 50,000 shares to 301,200 shares, valued at $18.34M in 2017Q3, according to the filing.

Analysts await Liberty Property Trust (NYSE:LPT) to report earnings on February, 6. They expect $0.65 EPS, up 58.54% or $0.24 from last year’s $0.41 per share. LPT’s profit will be $98.12M for 15.66 P/E if the $0.65 EPS becomes a reality. After $0.66 actual EPS reported by Liberty Property Trust for the previous quarter, Wall Street now forecasts -1.52% negative EPS growth.

Among 11 analysts covering Liberty Property Trust (NYSE:LPT), 2 have Buy rating, 2 Sell and 7 Hold. Therefore 18% are positive. Liberty Property Trust had 21 analyst reports since October 28, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, March 23 report. The firm has “Underweight” rating given on Friday, December 15 by JP Morgan. Stifel Nicolaus maintained the shares of LPT in report on Wednesday, October 25 with “Buy” rating. The firm earned “Hold” rating on Wednesday, April 27 by Stifel Nicolaus. Morgan Stanley maintained it with “Equal-Weight” rating and $43 target in Thursday, December 14 report. The rating was upgraded by Sandler O’Neill to “Hold” on Wednesday, October 25. The stock has “Hold” rating by KeyBanc Capital Markets on Friday, September 22. Stifel Nicolaus maintained it with “Buy” rating and $4400 target in Wednesday, July 5 report. On Tuesday, January 12 the stock rating was downgraded by Cowen & Co to “Market Perform”. J.P. Morgan downgraded it to “Sell” rating and $41.0 target in Friday, December 15 report.

Cordasco Financial Network, which manages about $422.43M and $91.18 million US Long portfolio, upped its stake in Lockheed Martin Corp (NYSE:LMT) by 1,237 shares to 10,342 shares, valued at $3.21 million in 2017Q3, according to the filing.

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