Springhouse Capital Management Lp buys $18,433,589 stake in Goldman Sachs Group Inc (GS)

Goldman Sachs Group Inc (GS) : Springhouse Capital Management Lp scooped up 59,700 additional shares in Goldman Sachs Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 116,044 shares of Goldman Sachs Group Inc which is valued at $18,433,589.Goldman Sachs Group Inc makes up approximately 9.59% of Springhouse Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Calvert Investment Management reduced its stake in GS by selling 100 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 15,100 shares of GS which is valued at $2,398,635. Goldman Sachs Group Inc makes up approx 0.11% of Calvert Investment Management’s portfolio.Gamble Jones Investment Counsel reduced its stake in GS by selling 19 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 3,350 shares of GS which is valued at $532,148. Goldman Sachs Group Inc makes up approx 0.06% of Gamble Jones Investment Counsel’s portfolio.Quadrant Capital Management boosted its stake in GS in the latest quarter, The investment management firm added 785 additional shares and now holds a total of 12,305 shares of Goldman Sachs Group Inc which is valued at $2,019,374. Goldman Sachs Group Inc makes up approx 1.69% of Quadrant Capital Management’s portfolio. Davenport Co sold out all of its stake in GS during the most recent quarter. The investment firm sold 1,156 shares of GS which is valued $189,711.

Goldman Sachs Group Inc opened for trading at $158.67 and hit $161.5 on the upside on Tuesday, eventually ending the session at $161.42, with a gain of 2.48% or 3.91 points. The heightened volatility saw the trading volume jump to 23,79,590 shares. Company has a market cap of $67,053 M.

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. Shares were Reiterated by Nomura on Apr 20, 2016 to “Buy” and Lowered the Price Target to $ 200 from a previous price target of $206 .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 .

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.

Leave a Reply

Goldman Sachs Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Goldman Sachs Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.