Ruane Cunniff Goldfarb Inc Lowers stake in Goldman Sachs Group Inc (GS)

Goldman Sachs Group Inc (GS) : Ruane Cunniff Goldfarb Inc reduced its stake in Goldman Sachs Group Inc by 20.21% during the most recent quarter end. The investment management company now holds a total of 565,140 shares of Goldman Sachs Group Inc which is valued at $92,304,316 after selling 143,102 shares in Goldman Sachs Group Inc , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Goldman Sachs Group Inc makes up approximately 0.85% of Ruane Cunniff Goldfarb Inc’s portfolio.

Other Hedge Funds, Including , Heritage Investors Management Corp boosted its stake in GS in the latest quarter, The investment management firm added 1,623 additional shares and now holds a total of 67,110 shares of Goldman Sachs Group Inc which is valued at $10,961,076. Goldman Sachs Group Inc makes up approx 0.80% of Heritage Investors Management Corp’s portfolio.Legacy Private Trust reduced its stake in GS by selling 1,270 shares or 39.53% in the most recent quarter. The Hedge Fund company now holds 1,943 shares of GS which is valued at $317,350. Goldman Sachs Group Inc makes up approx 0.05% of Legacy Private Trust’s portfolio.Cutler Group Lp boosted its stake in GS in the latest quarter, The investment management firm added 5,216 additional shares and now holds a total of 33,461 shares of Goldman Sachs Group Inc which is valued at $5,284,161. Goldman Sachs Group Inc makes up approx 0.36% of Cutler Group Lp’s portfolio.Atria Investments reduced its stake in GS by selling 462 shares or 19.37% in the most recent quarter. The Hedge Fund company now holds 1,923 shares of GS which is valued at $303,680. Goldman Sachs Group Inc makes up approx 0.03% of Atria Investments’s portfolio.Alpha Windward reduced its stake in GS by selling 14 shares or 1.68% in the most recent quarter. The Hedge Fund company now holds 820 shares of GS which is valued at $123,312. Goldman Sachs Group Inc makes up approx 0.09% of Alpha Windward’s portfolio.

Goldman Sachs Group Inc opened for trading at $162.36 and hit $164.09 on the upside on Monday, eventually ending the session at $163.33, with a gain of 1.05% or 1.69 points. The heightened volatility saw the trading volume jump to 47,34,502 shares. Company has a market cap of $67,846 M.

On the company’s financial health, Goldman Sachs Group Inc reported $3.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.67 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $3.05. The company had revenue of $7932.00 million for the quarter, compared to analysts expectations of $7484.56 million. The company’s revenue was down -12.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.75 EPS.

Many Wall Street Analysts have commented on Goldman Sachs Group Inc. Berenberg Initiated Goldman Sachs Group Inc on Jul 13, 2016 to “Hold”, Price Target of the shares are set at $140.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 .

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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