Cubist Systematic Strategies buys $10,646,844 stake in Goldman Sachs Group Inc (GS)

Goldman Sachs Group Inc (GS) : Cubist Systematic Strategies scooped up 36,547 additional shares in Goldman Sachs Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 50,898 shares of Goldman Sachs Group Inc which is valued at $10,646,844.Goldman Sachs Group Inc makes up approximately 0.69% of Cubist Systematic Strategies’s portfolio.

Other Hedge Funds, Including , Edmond De Rothschild (suisse) S.a. boosted its stake in GS in the latest quarter, The investment management firm added 3,070 additional shares and now holds a total of 3,398 shares of Goldman Sachs Group Inc which is valued at $710,794. Goldman Sachs Group Inc makes up approx 0.22% of Edmond De Rothschild (suisse) S.a.’s portfolio.Diam Ltd. reduced its stake in GS by selling 16,263 shares or 24.19% in the most recent quarter. The Hedge Fund company now holds 50,959 shares of GS which is valued at $9,248,039. Goldman Sachs Group Inc makes up approx 0.14% of Diam Ltd.’s portfolio.Mycio Wealth Partners boosted its stake in GS in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 342 shares of Goldman Sachs Group Inc which is valued at $60,264. Goldman Sachs Group Inc makes up approx 0.01% of Mycio Wealth Partners’s portfolio.Alpha Cubed Investments boosted its stake in GS in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 4,850 shares of Goldman Sachs Group Inc which is valued at $849,332. Goldman Sachs Group Inc makes up approx 0.23% of Alpha Cubed Investments’s portfolio.

Goldman Sachs Group Inc opened for trading at $209.87 and hit $212.07 on the upside on Monday, eventually ending the session at $210.35, with a gain of 0.34% or 0.72 points. The heightened volatility saw the trading volume jump to 42,78,161 shares. Company has a market cap of $83,646 M.

On the company’s financial health, Goldman Sachs Group Inc reported $4.88 EPS for the quarter, beating the analyst consensus estimate by $ 1.05 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $3.83. The company had revenue of $8168.00 million for the quarter, compared to analysts expectations of $7406.94 million. The company’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 EPS.

Many Wall Street Analysts have commented on Goldman Sachs Group Inc. Goldman Sachs Group Inc was Upgraded by Macquarie to ” Outperform” on Nov 18, 2016. Goldman Sachs Group Inc was Downgraded by Citigroup to ” Neutral” on Nov 8, 2016. Goldman Sachs Group Inc was Downgraded by Guggenheim to ” Neutral” on Oct 20, 2016.

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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