Harel Insurance Investments Financial Services Ltd. Lowers stake in Goldman Sachs Group Inc (GS)

Goldman Sachs Group Inc (GS) : Harel Insurance Investments Financial Services Ltd. reduced its stake in Goldman Sachs Group Inc by 0.15% during the most recent quarter end. The investment management company now holds a total of 111,151 shares of Goldman Sachs Group Inc which is valued at $17,656,336 after selling 170 shares in Goldman Sachs Group Inc , the firm said in a disclosure report filed with the SEC on May 2, 2016.Goldman Sachs Group Inc makes up approximately 2.13% of Harel Insurance Investments Financial Services Ltd.’s portfolio.

Goldman Sachs Group Inc closed down -0.68 points or -0.43% at $158.85 with 23,06,976 shares getting traded on Friday. Post opening the session at $158.19, the shares hit an intraday low of $157.01 and an intraday high of $160.17 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , American Century Companies Inc reduced its stake in GS by selling 30,148 shares or 6.63% in the most recent quarter. The Hedge Fund company now holds 424,260 shares of GS which is valued at $67,393,701. Goldman Sachs Group Inc makes up approx 0.08% of American Century Companies Inc’s portfolio.Security National Trust Co boosted its stake in GS in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 4,097 shares of Goldman Sachs Group Inc which is valued at $672,359. Goldman Sachs Group Inc makes up approx 0.25% of Security National Trust Co’s portfolio.Granite Investment Advisors reduced its stake in GS by selling 50 shares or 3.23% in the most recent quarter. The Hedge Fund company now holds 1,500 shares of GS which is valued at $246,165. Goldman Sachs Group Inc makes up approx 0.05% of Granite Investment Advisors’s portfolio.Private Trust Co Na reduced its stake in GS by selling 296 shares or 14.47% in the most recent quarter. The Hedge Fund company now holds 1,750 shares of GS which is valued at $291,813. Goldman Sachs Group Inc makes up approx 0.08% of Private Trust Co Na’s portfolio.

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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