Goldman Sachs Group Inc (GS) : First American Trust Fsb reduced its stake in Goldman Sachs Group Inc by 38.41% during the most recent quarter end. The investment management company now holds a total of 18,770 shares of Goldman Sachs Group Inc which is valued at $2.9 Million after selling 11,705 shares in Goldman Sachs Group Inc according to a report filed by the company on Apr 5, 2016 with the SEC.Goldman Sachs Group Inc makes up approximately 1.01% of First American Trust Fsb’s portfolio.
Other Hedge Funds, Including , Stillwater Investment Management boosted its stake in GS in the latest quarter, The investment management firm added 1,036 additional shares and now holds a total of 10,460 shares of Goldman Sachs Group Inc which is valued at $1.6 Million. Goldman Sachs Group Inc makes up approx 0.95% of Stillwater Investment Management’s portfolio.Cacti Asset Management boosted its stake in GS in the latest quarter, The investment management firm added 4,750 additional shares and now holds a total of 175,558 shares of Goldman Sachs Group Inc which is valued at $28.1 Million. Goldman Sachs Group Inc makes up approx 3.02% of Cacti Asset Management’s portfolio.
On the company’s financial health, Goldman Sachs Group Inc reported $4.68 EPS for the quarter, beating the analyst consensus estimate by $ 1.06 according to the earnings call on Jan 20, 2016. Analyst had a consensus of $3.62. The company had revenue of $7270.00 million for the quarter, compared to analysts expectations of $7044.11 million. The company’s revenue was down -5.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.38 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.
Goldman Sachs Group Inc opened for trading at $151.18 and hit $153.9 on the upside on Monday, eventually ending the session at $152.2, with a gain of 1.28% or 1.92 points. The heightened volatility saw the trading volume jump to 34,64,286 shares. Company has a market cap of $64,282 M.
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 segments 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 Companys 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.