Goldman Sachs to Start Trading Bitcoin Directly

Goldman Sachs Group Inc

River Road Asset Management Llc owns 70,577 shares or 0.55% of their United States portfolio. Pennsylvania-based Twin Mgmt has invested 0.09% in The Western Union Company (NYSE:WU). Hourglass Capital LLC's holdings in Goldman Sachs Group, Inc. (The) worth $141,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of GS. New England Asset Management Inc. grew its position in Goldman Sachs Group, Inc.

GSAM, which oversees more than $1 trillion, intends to pay for the analysis used by its European investment management teams from January 2018, the unit said in a statement. State Board of Administration of Florida Retirement System owned approximately 0.14% of Goldman Sachs Group, Inc. (The) by 440.8% during the first quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company's stock worth $104,000 after purchasing an additional 231 shares during the last quarter.

Goldman Sachs is further along with the blockchain technology that underlies bitcoin, and has invested in a startup, Axoni, that is working to bring distributed-ledger technology to financial firms. (The) by 0.5% in the second quarter. Thrivent Fin For Lutherans stated it has 1.05% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). (The) was upgraded to "buy" by analysts at UBS. (The) by 0.8% in the first quarter. The Investment Management segment provides investment and wealth advisory services. However, according to Autonomous Next, around 70 hedge funds are now investing in cryptocurrencies.

The share price of Goldman Sachs Group, Inc. (The) from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $260.00 to $240.00 in a report on Wednesday, July 19th. The stock of Goldman Sachs Group Inc (NYSE:GS) earned "Hold" rating by BMO Capital Markets on Wednesday, August 23. (The) in a research note on Friday, July 21st. Wells Fargo & Company started coverage on Goldman Sachs Group, Inc. The legal version of this piece can be read at https://www.dispatchtribunal.com/2017/10/03/state-board-of-administration-of-florida-retirement-system-has-121-87-million-holdings-in-goldman-sachs-group-inc-the-gs.html. Compass Point initiated the shares of WU in report on Friday, April 15 with "Neutral" rating. Goldman Sachs Group, Inc. RBC Capital Markets has "Hold" rating and $24000 target. (NYSE:GS), 12 have Buy rating, 1 Sell and 14 Hold. On Monday, October 5 the stock rating was maintained by Barclays Capital with "Overweight".

Goldman Sachs' high profile name would certainly add legitimacy to bitcoin, the reputation of which is less than stellar and characterized by highly volatile swings and its association with criminal activities. The stock has a market capitalization of $93.42 billion, a P/E ratio of 12.62 and a beta of 1.41. Overall, volume was down 97.18% under the stocks normal daily volume. (The) (NYSE:GS) last posted its earnings results on Tuesday, July 18th. Boothbay Fund Management Ltd Liability holds 0.08% or 1,815 shares. (The)'s revenue for the quarter was down.6% on a year-over-year basis. The firm's revenue was down.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.72 earnings per share.

Analysts expect Goldman Sachs Group Inc (NYSE:GS) to report $4.34 EPS on October, 17 before the open.They anticipate $0.54 EPS change or 11.07 % from last quarter's $4.88 EPS. The firm has "Buy" rating given on Thursday, November 10 by Rafferty. Stockholders of record on Thursday, June 1st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, May 30th. Quick and current ratio is valued at *tba and *tba respectively. The firm has "Buy" rating given on Monday, August 31 by Evercore. The stock increased 0.73% or $1.72 on September 29, reaching $237.19. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John F.W. Rogers sold 17,685 shares of the business's stock in a transaction that occurred on Tuesday, August 8th. Kessler Investment Group Llc owns 87,140 shares or 4.25% of their USA portfolio.

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