Gillespie Robinson & Grimm INC Stake in Goldman Sachs Group INC (GS) Boosted by $5.34 Million as Market Valuation Declined

September 16, 2018 - By Mark Mitchell

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. Lombard Odier Asset (Usa) reported 18,180 shares or 0.26% of all its holdings. Tikvah Mngmt Limited Liability Com has 4.62% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Tiedemann Advsr Ltd Llc has 0.07% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 4,948 shares. Balyasny Asset Limited Liability Company owns 59,997 shares or 0.06% of their US portfolio. Ajo Limited Partnership holds 0.02% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS) for 23,383 shares. Baskin Svcs Inc has invested 1.87% in The Goldman Sachs Group, Inc. (NYSE:GS). 507,171 are held by Blair William And Il. Narwhal Mngmt invested 1.1% in The Goldman Sachs Group, Inc. (NYSE:GS). Stevens Capital Mgmt Ltd Partnership reported 40,638 shares. 362,000 were accumulated by Adage Ptnrs Grp Limited. Cibc Asset Management holds 32,476 shares or 0.04% of its portfolio. Price T Rowe Assoc Md holds 0.02% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS) for 622,481 shares. Davenport And Company Ltd Liability Corporation invested 0% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). Samlyn Ltd Com stated it has 23,603 shares. Principal Financial holds 543,452 shares or 0.11% of its portfolio.

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 $13.19M, 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 2.23M 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 $954.83M 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: Seekingalpha.com which released: “Pfizer Invests In Mini Brains, Kleiner Perkins Splits” on September 15, 2018, also Fool.ca with their article: “Here’s Why Goldman Sachs (NYSE:GS) Stock Is a Bold Pre-Brexit Buy” published on August 24, 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: 247Wallst.com and their article: “3M Reclaims Position as Dow’s Poorest Performer” published on September 15, 2018 as well as Bizjournals.com‘s news article titled: “Morgan Stanley to offer trading in complex derivatives tied to bitcoin” with publication date: September 13, 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. BMO Capital Markets maintained the shares of GS in report on Wednesday, April 18 with “Market Perform” rating. The stock has “Market Perform” rating by Wood on Wednesday, July 18. Keefe Bruyette & Woods maintained The Goldman Sachs Group, Inc. (NYSE:GS) on Tuesday, April 17 with “Hold” rating. The rating was maintained by Wells Fargo with “Buy” on Thursday, March 22. Oppenheimer maintained the shares of GS in report on Wednesday, July 18 with “Outperform” rating. Buckingham Research maintained The Goldman Sachs Group, Inc. (NYSE:GS) rating on Wednesday, April 18. Buckingham Research has “Neutral” rating and $292 target. The firm has “Buy” rating by Oppenheimer given on Monday, March 26. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Buy” rating given on Monday, April 23 by Oppenheimer. The stock has “Hold” rating by Nomura on Tuesday, April 17. Credit Suisse maintained the shares of GS in report on Wednesday, April 18 with “Neutral” rating.

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

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