Carleon Capital Partners Lowers stake in Goldman Sachs Group Inc (GS)

Goldman Sachs Group Inc (GS) : Carleon Capital Partners reduced its stake in Goldman Sachs Group Inc by 7.89% during the most recent quarter end. The investment management company now holds a total of 28,000 shares of Goldman Sachs Group Inc which is valued at $4.3 Million after selling 2,400 shares in Goldman Sachs Group Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Goldman Sachs Group Inc makes up approximately 1.88% of Carleon Capital Partners’s portfolio.

Other Hedge Funds, Including , Guardian Life Insurance Co Of America reduced its stake in GS by selling 420 shares or 22.25% in the most recent quarter. The Hedge Fund company now holds 1,468 shares of GS which is valued at $228,039. Goldman Sachs Group Inc makes up approx 0.04% of Guardian Life Insurance Co Of America’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in GS in the latest quarter, The investment management firm added 113,326 additional shares and now holds a total of 10,650,097 shares of Goldman Sachs Group Inc which is valued at $1,654.4 Million. Goldman Sachs Group Inc makes up approx 0.28% of Blackrock Institutional Trust Company N.a.’s portfolio.Factory Mutual Insurance Co boosted its stake in GS in the latest quarter, The investment management firm added 13,300 additional shares and now holds a total of 393,600 shares of Goldman Sachs Group Inc which is valued at $64.6 Million. Goldman Sachs Group Inc makes up approx 0.83% of Factory Mutual Insurance Co’s portfolio.Quadrant Capital Group boosted its stake in GS in the latest quarter, The investment management firm added 109 additional shares and now holds a total of 1,376 shares of Goldman Sachs Group Inc which is valued at $225,815. Goldman Sachs Group Inc makes up approx 0.14% of Quadrant Capital Group’s portfolio.

Goldman Sachs Group Inc closed down -0.19 points or -0.12% at $154.51 with 32,47,841 shares getting traded on Friday. Post opening the session at $155.76, the shares hit an intraday low of $153.922 and an intraday high of $156.41 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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