Goldman Sachs earnings beat as bond trading falls less than expected

WARNING: "Goldman Sachs Group, Inc". (The) has a consensus rating of "Hold" and a consensus price target of $240.09. About 2.49 million shares traded. The stock's 50-day moving average is $230.72 and its 200-day moving average is $225.29. The company has a market cap of $92.60 billion, a P/E ratio of 12.51 and a beta of 1.41. (The) (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 17th.

Goldman Sachs reported third-quarter earnings on Tuesday, crushing Wall Street estimates.

Neuberger Berman Group Llc, which manages about $77.86 billion US Long portfolio, decreased its stake in Newell Rubbermaid Inc (NYSE:NWL) by 602,964 shares to 6.60 million shares, valued at $354.00 million in 2017Q2, according to the filing.

Return on equity came to 10.9 percent for the year - 10.3 percent year to date - against the 10 percent cost of capital. For the quarter ending Mar-18, 12 analysts have a mean sales target of 8,473.00 million whilst for the year ending Dec-17, 22 analysts have a mean target of 31,078.90 million. Both earnings per share and revenues topped analysts' expectations. Scott And Selber stated it has 1.74% in Goldman Sachs Group Inc (NYSE:GS). Deutsche Bank AG restated a "buy" rating on shares of Goldman Sachs Group, Inc. "(The) (GS) Upgraded at TheStreet" was published by BBNS and is owned by of BBNS. If you are viewing this piece on another site, it was copied illegally and reposted in violation of USA & global trademark and copyright laws. Goldman Sachs Group, Inc. State Street Corp is the second biggest holder with 22 million shares now valued at 4.97 B million whilst Goldman Sachs Asset Management, L.P. has 19 million shares valued at 4.15 B million. The stock was sold at an average price of $231.59, for a total value of $754,983.40. (The) news, insider David M. Solomon sold 3,260 shares of the business's stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $227.79, for a total value of $1,045,556.10. Following the completion of the transaction, the executive vice president now directly owns 80,109 shares of the company's stock, valued at $18,827,217.18. The disclosure for this sale can be found here. Geller Family Office Services LLC now owns 944 shares of the investment management company's stock valued at $209,000 after buying an additional 3 shares in the last quarter.

Several hedge funds and other institutional investors have recently modified their holdings of the company.

Among 27 analysts covering Goldman Sachs Group Inc. The firm's revenue was up 2.0% on a year-over-year basis. Greenhaven Associates Inc. now owns 3,793,287 shares of the investment management company's stock valued at $841,730,000 after buying an additional 91,200 shares in the last quarter. Principal Fincl Grp has invested 0.13% in Goldman Sachs Group Inc (NYSE:GS).

Non-compensation expenses were $2.18 billion for the third quarter of 2017, 4% higher than the third quarter of 2016 and 2% higher than the second quarter of 2017. Institutional investors own 73.28% of the company's stock. Finally, Security Asset Management purchased a new stake in shares of Goldman Sachs Group, Inc. (The) by 440.8% during the first quarter. The institutional investor owned 6,565 shares of the investment management company's stock after selling 160,410 shares during the period.

Goldman Sachs Group, Inc. has a 12-month low of $168.45 and a 12-month high of $255.15. (The) by 84.4% during the first quarter. (The) during the 1st quarter valued at about $38,922,000.

Pinnacle Holdings Llc increased Goldman Sachs (GS) stake by 11.48% reported in 2017Q2 SEC filing.

The FICC business, which has been struggling, jumped 25% from a awful second quarter. Tdam USA Inc. now owns 3,689 shares of the investment management company's stock valued at $847,000 after acquiring an additional 87 shares in the last quarter. Dodge & Cox invested 2.6% in Goldman Sachs Group Inc (NYSE:GS).

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals.

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