California State Teachers Retirement System Lowers stake in Goldman Sachs Group Inc (GS)

Goldman Sachs Group Inc (GS) : California State Teachers Retirement System reduced its stake in Goldman Sachs Group Inc by 10.78% during the most recent quarter end. The investment management company now holds a total of 842,065 shares of Goldman Sachs Group Inc which is valued at $133,332,572 after selling 101,713 shares in Goldman Sachs Group Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Goldman Sachs Group Inc makes up approximately 0.28% of California State Teachers Retirement System’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in GS by selling 3,353 shares or 2.03% in the most recent quarter. The Hedge Fund company now holds 161,999 shares of GS which is valued at $25,650,922. Goldman Sachs Group Inc makes up approx 0.09% of Aberdeen Asset Management Plcuk’s portfolio.Duff Phelps Investment Management Co reduced its stake in GS by selling 150 shares or 2.84% in the most recent quarter. The Hedge Fund company now holds 5,125 shares of GS which is valued at $813,901. Goldman Sachs Group Inc makes up approx 0.01% of Duff Phelps Investment Management Co’s portfolio. Wespac Advisors sold out all of its stake in GS during the most recent quarter. The investment firm sold 3,105 shares of GS which is valued $499,874.Checchi Capital Advisers reduced its stake in GS by selling 169 shares or 4.84% in the most recent quarter. The Hedge Fund company now holds 3,323 shares of GS which is valued at $533,042. Goldman Sachs Group Inc makes up approx 0.13% of Checchi Capital Advisers’s portfolio. Cwm added GS to its portfolio by purchasing 8 company shares during the most recent quarter which is valued at $1,283.

Goldman Sachs Group Inc closed down -0.29 points or -0.18% at $158.05 with 20,05,699 shares getting traded on Thursday. Post opening the session at $158.22, the shares hit an intraday low of $157.41 and an intraday high of $158.9 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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