Gillespie Robinson & Grimm INC Has Lifted Goldman Sachs Group INC (GS) Stake by $5.34 Million

September 16, 2018 - By Richard Slagle

The Goldman Sachs Group, Inc. (NYSE:GS) LogoInvestors sentiment decreased to 1.03 in Q2 2018. Its down 0.13, from 1.16 in 2018Q1. It dived, as 88 investors sold GS shares while 354 reduced holdings. 89 funds opened positions while 366 raised stakes. 257.97 million shares or 3.02% less from 266.01 million shares in 2018Q1 were reported. Credit Agricole S A reported 0.21% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). Buckingham Asset Mngmt Limited Liability reported 0.03% stake. Bremer Association owns 5,569 shares. Sei Investments owns 196,345 shares. Cleararc reported 8,995 shares. Cwm Limited Liability Co invested 0% in The Goldman Sachs Group, Inc. (NYSE:GS). Raymond James Trust Na owns 8,747 shares. 19,504 are owned by Shelton Capital. New York State Common Retirement Fund reported 0.27% in The Goldman Sachs Group, Inc. (NYSE:GS). California State Teachers Retirement Systems invested 0.28% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). Cape Cod Five Cents Bancorp owns 0.04% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 1,075 shares. Hotchkis And Wiley Cap Management invested in 1.34% or 1.61 million shares. Pictet North America Advisors invested in 2,498 shares or 0.08% of the stock. Connecticut-based Conning Inc has invested 0.11% in The Goldman Sachs Group, Inc. (NYSE:GS). Sumitomo Mitsui Asset Com Limited reported 50,645 shares.

Since May 14, 2018, it had 0 insider purchases, and 2 sales for $2.80 million activity.

Gillespie Robinson & Grimm Inc increased its stake in Goldman Sachs Group Inc. (GS) by 68.26% based on its latest 2018Q2 regulatory filing with the SEC. Gillespie Robinson & Grimm Inc bought 24,262 shares as the company’s stock declined 2.43% while stock markets rallied. The institutional investor held 59,807 shares of the finance company at the end of 2018Q2, valued at $13.19 million, up from 35,545 at the end of the previous reported quarter. Gillespie Robinson & Grimm Inc who had been investing in Goldman Sachs Group Inc. for a number of months, seems to be bullish on the $86.55B market cap company. The stock increased 0.40% or $0.91 during the last trading session, reaching $229.24. About 2.23 million shares traded. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 0.97% since September 16, 2017 and is uptrending. It has underperformed by 14.65% the S&P500.

Gillespie Robinson & Grimm Inc, which manages about $954.83 million and $788.82 million US Long portfolio, decreased its stake in Nike Inc (NYSE:NKE) by 51,662 shares to 390,238 shares, valued at $31.09 million in 2018Q2, according to the filing.

More notable recent The Goldman Sachs Group, Inc. (NYSE:GS) news were published by: Bizjournals.com which released: “Banking Roundup: Wells Fargo under Fed probe… JPMorgan’s Dimon delegating duties… Citi merges two Wall Street …” on September 12, 2018, also Seekingalpha.com with their article: “Pfizer Invests In Mini Brains, Kleiner Perkins Splits” published on September 15, 2018, Gurufocus.com published: “5 Defensive Retail Companies Gurus Agree On” on September 14, 2018. More interesting news about The Goldman Sachs Group, Inc. (NYSE:GS) were released by: Fool.ca and their article: “Here’s Why Goldman Sachs (NYSE:GS) Stock Is a Bold Pre-Brexit Buy” published on August 24, 2018 as well as 247Wallst.com‘s news article titled: “3M Reclaims Position as Dow’s Poorest Performer” with publication date: September 15, 2018.

The Goldman Sachs Group, Inc. (NYSE:GS) Ratings Coverage

Among 11 analysts covering Goldman Sachs Group Inc (NYSE:GS), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. Goldman Sachs Group Inc has $335 highest and $245 lowest target. $282.80’s average target is 23.36% above currents $229.24 stock price. Goldman Sachs Group Inc had 13 analyst reports since March 22, 2018 according to SRatingsIntel. The company was maintained on Wednesday, April 18 by Credit Suisse. On Thursday, March 22 the stock rating was maintained by Wells Fargo with “Buy”. The rating was maintained by Wood on Wednesday, July 18 with “Market Perform”. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, April 17. The rating was maintained by Oppenheimer on Monday, March 26 with “Buy”. Oppenheimer maintained The Goldman Sachs Group, Inc. (NYSE:GS) on Monday, April 23 with “Buy” rating. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Buy” rating given on Friday, April 6 by Vining Sparks. Oppenheimer maintained the shares of GS in report on Wednesday, July 18 with “Outperform” rating. The rating was maintained by Nomura on Tuesday, April 17 with “Hold”. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Neutral” rating given on Wednesday, April 18 by Buckingham Research.

The Goldman Sachs Group, Inc. (NYSE:GS) Institutional Positions Chart

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