Goldman Sachs Group Inc (GS) : Marathon Trading Investment Management added new position in Goldman Sachs Group Inc during the most recent quarter end. The investment management firm now holds 7,600 shares of Goldman Sachs Group Inc which is valued at $1,240,700 , the company said in a statement filed on Aug 12, 2016 with the SEC.Goldman Sachs Group Inc makes up approximately 1.12% of Marathon Trading Investment Management’s portfolio.
Other Hedge Funds, Including , Formidable Asset Management sold out all of its stake in GS during the most recent quarter. The investment firm sold 110 shares of GS which is valued $17,958.Condor Capital Management boosted its stake in GS in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 6,177 shares of Goldman Sachs Group Inc which is valued at $1,001,230. Goldman Sachs Group Inc makes up approx 0.23% of Condor Capital Management’s portfolio. Diligent Investors added GS to its portfolio by purchasing 2,499 company shares during the most recent quarter which is valued at $396,866. Goldman Sachs Group Inc makes up approx 0.36% of Diligent Investors’s portfolio.Parsec Financial Management reduced its stake in GS by selling 3,665 shares or 10.67% in the most recent quarter. The Hedge Fund company now holds 30,683 shares of GS which is valued at $4,872,767. Goldman Sachs Group Inc makes up approx 0.45% of Parsec Financial Management’s portfolio. Balasa Dinverno Foltz sold out all of its stake in GS during the most recent quarter. The investment firm sold 1,362 shares of GS which is valued $222,455.
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 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.