Goldman Sachs Group Inc (GS) : Rezny Wealth Management has sold out all of its stake in Goldman Sachs Group Inc during the most recent quarter, according to the disclosure filed by the company on May 10, 2016 with the SEC. The investment management company has sold out 6 shares of Goldman Sachs Group Inc which is valued at $932.
Other Hedge Funds, Including , Norges Bank boosted its stake in GS in the latest quarter, The investment management firm added 540,621 additional shares and now holds a total of 2,600,036 shares of Goldman Sachs Group Inc which is valued at $403,889,592. Goldman Sachs Group Inc makes up approx 0.20% of Norges Bank’s portfolio.Todd Asset Management reduced its stake in GS by selling 4,738 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 240,243 shares of GS which is valued at $37,319,348. Goldman Sachs Group Inc makes up approx 1.15% of Todd Asset Management’s portfolio.Focused Investors boosted its stake in GS in the latest quarter, The investment management firm added 37,900 additional shares and now holds a total of 566,800 shares of Goldman Sachs Group Inc which is valued at $93,017,548. Goldman Sachs Group Inc makes up approx 3.57% of Focused Investors’s portfolio.
Goldman Sachs Group Inc opened for trading at $155.34 and hit $156.9 on the upside on Monday, eventually ending the session at $155.38, with a gain of 0.03% or 0.04 points. The heightened volatility saw the trading volume jump to 31,77,707 shares. Company has a market cap of $64,544 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 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.