Goldman Sachs delivers huge earnings beat on trading bonanza

Andrew Cummings
April 17, 2018

106 funds opened positions while 322 raised stakes.

Mufg Americas reported 48,325 shs or 0.37% of all its holdings. Leuthold Grp Inc Ltd Liability holds 3,808 shs. (NYSE:GS) or 1.09 million shares. Goldman Sachs earned a media sentiment score of 0.26 on Accern's scale. (NYSE:GS) for 599 shs. Greenleaf Trust has 3,940 shs.

"Consumers want a better way to manage their finances", said Stephen Scherr, Chief Executive Officer of GS Bank and Head of the Consumer & Commercial Banking Division. Bridgeway Capital Management Inc, a Texas-based fund reported 27,400 shares. (NYSE:GS). Commonwealth Savings Bank Of has invested 0.19% in The Goldman Sachs Group, Inc. (NYSE:GS). Prudential Public Ltd Co has 776,957 shares. "Buy" rating has 7, "Sell" are 0, while 5 are "Hold".

Goldman's results follow earnings on Friday from JPMorgan, Citigroup and Wells Fargo (WFC). (NYSE:GS) or 12,272 shs. 11,829 shs were sold by CHAVEZ R. MARTIN, worth $3.18 million. Goldman Sachs Group Inc now has $98.21 billion valuation. (NYSE:GS) or 25,000 shs. SOLOMON DAVID M had sold 21,252 shs worth $5.77 million on Monday, January 29. ROGERS JOHN F.W. had sold 4,400 shares worth $1.17M. (NYSE:GS) or 4,400 shs. The insider LEE BRIAN J sold 6,738 shares worth $1.78 million. The Goldman Sachs Group, Inc. Performant Financial Corporation (NASDAQ:PFMT) has risen 51.79% since April 16, 2017 and is uptrending. EPS of $5.41 is 5.05 % up from 2017's $5.15 EPS. Investment banking revenue rose 5% to $1.79 billion. They expect $5.41 EPS, up 5.05% or $0.26 from last year's $5.15 per share. Assetmark Inc invested in 3,123 shares or 0.01% of the stock. GS underperformed by 1.89% the S&P 500. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Software has a 52 week low of €34.53 ($42.63) and a 52 week high of €49.80 ($61.48). (NYSE:GS) earned "Hold" rating by Keefe Bruyette & Woods on Tuesday, January 9. The stock rating was maintained by RBC Capital Markets with "Hold" on Monday, November 13. On Wednesday, September 9 the stock rating was upgraded by Bank of America to "Buy". The company has market cap of $97.00 billion. In Wednesday, October 18 report Buckingham Research maintained it with "Neutral" rating and $250 target. Finally, Instinet reissued an "outperform" rating and issued a $225.00 price objective (down from $238.00) on shares of Goldman Sachs in a report on Thursday, January 4th. The stock has a consensus rating of Hold and a consensus target price of €43.69 ($53.94). On Tuesday, October 17 the firm has "Hold" rating by Keefe Bruyette & Woods given. On Friday, December 29 the firm has "Buy" rating given by Vertical Group. The firm has "Buy" rating given on Friday, February 5 by UBS. In Wednesday, January 17 report Keefe Bruyette & Woods maintained the stock with "Hold" rating. (NYSE:GS). Heritage Management Corp invested 1% of its capital in The Goldman Sachs Group, Inc. Now it had 181,928 shares held by the institutional investor. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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