Moon Capital Management Lowers stake in Goldman Sachs Group Inc (GS)

Goldman Sachs Group Inc (GS) : Moon Capital Management reduced its stake in Goldman Sachs Group Inc by 0.66% during the most recent quarter end. The investment management company now holds a total of 15,699 shares of Goldman Sachs Group Inc which is valued at $2,488,605 after selling 104 shares in Goldman Sachs Group Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Goldman Sachs Group Inc makes up approximately 3.14% of Moon Capital Management’s portfolio.

Goldman Sachs Group Inc opened for trading at $157.61 and hit $160 on the upside on Monday, eventually ending the session at $159.02, with a gain of 0.32% or 0.5 points. The heightened volatility saw the trading volume jump to 30,31,476 shares. Company has a market cap of $67,162 M.

Other Hedge Funds, Including , Benjamin F. Edwards Company boosted its stake in GS in the latest quarter, The investment management firm added 394 additional shares and now holds a total of 1,343 shares of Goldman Sachs Group Inc which is valued at $212,892. Goldman Sachs Group Inc makes up approx 0.04% of Benjamin F. Edwards Company’s portfolio.Denali Advisors boosted its stake in GS in the latest quarter, The investment management firm added 6,100 additional shares and now holds a total of 6,300 shares of Goldman Sachs Group Inc which is valued at $998,676. Goldman Sachs Group Inc makes up approx 0.22% of Denali Advisors’s portfolio.Central Trust Co reduced its stake in GS by selling 621 shares or 12.76% in the most recent quarter. The Hedge Fund company now holds 4,244 shares of GS which is valued at $672,759. Goldman Sachs Group Inc makes up approx 0.05% of Central Trust Co’s portfolio.First American Bank reduced its stake in GS by selling 3,321 shares or 5.36% in the most recent quarter. The Hedge Fund company now holds 58,609 shares of GS which is valued at $8,920,290. Goldman Sachs Group Inc makes up approx 0.93% of First American Bank’s portfolio.

On the company’s financial health, Goldman Sachs Group Inc reported $2.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $2.50. The company had revenue of $6340.00 million for the quarter, compared to analysts expectations of $6523.46 million. The company’s revenue was down -40.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $5.94 EPS.

Many Wall Street Analysts have commented on Goldman Sachs Group Inc. Company shares were Upgraded by JP Morgan on Feb 16, 2016 to ” Overweight”, Firm has raised the Price Target to $ 180 from a previous price target of $170 .Shares were Reiterated by RBC Capital Mkts on Jan 25, 2016 to “Sector Perform” and Lowered the Price Target to $ 180 from a previous price target of $190 .Goldman Sachs Group Inc was Upgraded by Nomura to ” Buy” on Jan 25, 2016.

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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