Goldman beats profit estimates as quarterly trading surges

Virginia Carson
April 17, 2018

60 investors sold all, 371 reduced holdings as GS ratio increased. 322 increased stakes while 106 funds took stakes. 268.85 million shares or 1.06% less from 271.74 million shares in 2017Q3 were reported. Douglass Winthrop Ltd Limited Liability Company has invested 0.1% in The Goldman Sachs Group, Inc.

Exxonmobil Mngmt Inc Tx has 0.39% invested in The Goldman Sachs Group, Inc. (NYSE:GS)'s gross margin stands at 70.30%. Community National Bank Na has invested 0.01% in The Goldman Sachs Group, Inc. Taconic Capital Advisors Lp owns 306,000 shares or 0.16% of their United States portfolio. (NYSE:GS). Bnp Paribas Asset Sa holds 22,893 shs. Commercial Bank Of Nova Scotia stated it has 115,957 shs or 0.13% of all its holdings.

Mufg Americas reported 48,325 shs or 0.37% of all its holdings. The robo-advisor claims over one million users and the service will be added to the fast growing Marcus platform (or Marcus by Goldman Sachs). (NYSE:GS). Azimuth Capital Limited Liability reported 1,056 shs. $3.18M worth of The Goldman Sachs Group, Inc.

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Thomas Lenox Kempner increased its stake in Goldman Sachs Group Inc (GS) by 6.37% based on its latest 2017Q4 regulatory filing with the SEC.

GS registered $30.00 million net activity with 0 insider purchases and 9 selling transactions since October 18, 2017. $1.19 million worth of The Goldman Sachs Group, Inc. (NYSE:GS) shs with value of $2.70 million were sold by SALAME PABLO J. Davidson D A & Company who had been investing in Goldman Sachs Group Inc for a number of months, seems to be bullish on the $98.42B market cap company. (NYSE:GS) for 21,124 shs. 17,500 shs were sold by VINIAR DAVID A, worth $4.40M on Thursday, January 18. (NYSE:GS) or 21,252 shs on Monday, January 29. On Monday, November 13 the stock of The Goldman Sachs Group, Inc. (NYSE:GS) shs. 10,000 The Goldman Sachs Group, Inc.

In Goldman Sachs Group (GS) was decreased the holdings held by Westend Advisors Llc. Company gross margins represents its total sales revenue minus its cost of goods sold (COGS), divided by the total sales revenue earned by the company, expressed as a percentage. Now it had 181,928 shares held by the institutional investor. The company has market cap of $97.00 billion. Its shares touched $255.92 on during the last trading session after 1.41% change.Currently The Goldman Sachs Group, Inc.is uptrending after 9.66% change in last April 16, 2017. About 3.03M shares traded. Year-to-date, GS has gained 2.97%, versus a 1.36% rise in the benchmark S&P 500 index during the same period. Independent owns 0.42% invested in The Goldman Sachs Group, Inc. If EPS of $5.41 is revealed the profit of GS could be $2.05 billion giving it 11.83 P/E.

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A particularly bright spot in the results were the net revenues from Goldman's trading division, which came to US$4.39bln in the first quarter of 2018; this figure was 31% higher than the first quarter of 2017 and 85% higher than the fourth quarter of 2017. The positive are 58%.

Goldman's arch rival, Morgan Stanley, is scheduled to report quarterly results on Wednesday.

It was curbed slightly too after data showed wage growth stalled last month despite the unemployment rate hitting a four-decade low. The stock presently has an average rating of "Buy" and a consensus price target of $27.50. On Friday, December 29 Vertical Group upgraded The Goldman Sachs Group, Inc. The company rating was maintained by Barclays Capital on Thursday, January 18.

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