Barr E S Co buys $25.5 Million stake in Goldman Sachs Group Inc (GS)

Goldman Sachs Group Inc (GS) : Barr E S Co scooped up 1,305 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 13, 2016. The investment management firm now holds a total of 163,936 shares of Goldman Sachs Group Inc which is valued at $25.5 Million.Goldman Sachs Group Inc makes up approximately 3.06% of Barr E S Co’s portfolio.

Other Hedge Funds, Including , Verition Fund Management boosted its stake in GS in the latest quarter, The investment management firm added 6,140 additional shares and now holds a total of 9,100 shares of Goldman Sachs Group Inc which is valued at $1.4 Million. Goldman Sachs Group Inc makes up approx 0.37% of Verition Fund Management’s portfolio.Mitsubishi Ufj Trust Banking Corp reduced its stake in GS by selling 215 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 969,590 shares of GS which is valued at $150.6 Million. Goldman Sachs Group Inc makes up approx 0.34% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Korea Investment Corp boosted its stake in GS in the latest quarter, The investment management firm added 94,500 additional shares and now holds a total of 281,029 shares of Goldman Sachs Group Inc which is valued at $43.7 Million. Goldman Sachs Group Inc makes up approx 0.32% of Korea Investment Corp’s portfolio. Bach Investment Advisors Ltd added GS to its portfolio by purchasing 1,315 company shares during the most recent quarter which is valued at $204,272. Goldman Sachs Group Inc makes up approx 0.99% of Bach Investment Advisors Ltd’s portfolio.Schwab Charles Investment Management Inc reduced its stake in GS by selling 30,601 shares or 2.54% in the most recent quarter. The Hedge Fund company now holds 1,176,423 shares of GS which is valued at $186.9 Million. Goldman Sachs Group Inc makes up approx 0.25% of Schwab Charles Investment Management Inc’s portfolio.

Goldman Sachs Group Inc opened for trading at $158.06 and hit $162.29 on the upside on Wednesday, eventually ending the session at $161.25, with a gain of 2.32% or 3.66 points. The heightened volatility saw the trading volume jump to 32,59,920 shares. Company has a market cap of $66,982 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.

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