Institutional Capital Lowers stake in Goldman Sachs Group Inc (GS)

Goldman Sachs Group Inc (GS) : Institutional Capital reduced its stake in Goldman Sachs Group Inc by 33.64% during the most recent quarter end. The investment management company now holds a total of 1,103,492 shares of Goldman Sachs Group Inc which is valued at $180,145,069 after selling 559,362 shares in Goldman Sachs Group Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Goldman Sachs Group Inc makes up approximately 2.10% of Institutional Capital’s portfolio.

Other Hedge Funds, Including , Hotchkis Wiley Capital Management boosted its stake in GS in the latest quarter, The investment management firm added 66,335 additional shares and now holds a total of 1,519,182 shares of Goldman Sachs Group Inc which is valued at $248,006,462. Goldman Sachs Group Inc makes up approx 1.00% of Hotchkis Wiley Capital Management’s portfolio.National Pension Service boosted its stake in GS in the latest quarter, The investment management firm added 21,997 additional shares and now holds a total of 229,376 shares of Goldman Sachs Group Inc which is valued at $37,445,632. Goldman Sachs Group Inc makes up approx 0.32% of National Pension Service’s portfolio.Portland Investment Counsel reduced its stake in GS by selling 200 shares or 7.69% in the most recent quarter. The Hedge Fund company now holds 2,400 shares of GS which is valued at $391,800. Goldman Sachs Group Inc makes up approx 0.56% of Portland Investment Counsel’s portfolio.Sigma Investment Counselors Inc boosted its stake in GS in the latest quarter, The investment management firm added 51 additional shares and now holds a total of 14,116 shares of Goldman Sachs Group Inc which is valued at $2,241,762. Goldman Sachs Group Inc makes up approx 0.37% of Sigma Investment Counselors Inc’s portfolio.Sit Investment Associates Inc reduced its stake in GS by selling 550 shares or 2.22% in the most recent quarter. The Hedge Fund company now holds 24,240 shares of GS which is valued at $3,849,554. Goldman Sachs Group Inc makes up approx 0.10% of Sit Investment Associates Inc’s portfolio.

Goldman Sachs Group Inc opened for trading at $166.6 and hit $167.86 on the upside on Monday, eventually ending the session at $166.87, with a gain of 0.54% or 0.9 points. The heightened volatility saw the trading volume jump to 26,20,945 shares. Company has a market cap of $67,659 M.

On the company’s financial health, Goldman Sachs Group Inc reported $3.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.67 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $3.05. The company had revenue of $7932.00 million for the quarter, compared to analysts expectations of $7484.56 million. The company’s revenue was down -12.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.75 EPS.

Many Wall Street Analysts have commented on Goldman Sachs Group Inc. Shares were Reiterated by UBS on Jul 20, 2016 to “Neutral” and Lowered the Price Target to $ 180 from a previous price target of $185 .Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 150 from a previous price target of $145 .Berenberg Initiated Goldman Sachs Group Inc on Jul 13, 2016 to “Hold”, Price Target of the shares are set at $140.

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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