Shares of Goldman Sachs Group Inc (NYSE:GS) ended Friday session in red amid volatile trading. The shares closed down -2.89 points or 1.72% at $165.13 with 3.42 million shares getting traded. Post opening the session at $167.75, the shares hit an intraday low of $165.05 and an intraday high of $168.10 and the price vacillated in this range throughout the day. The company has a market cap of $67.35 billion and the numbers of outstanding shares have been calculated to be 405.46 million shares.
Goldman Sachs Group Inc (GS) on September 6, 2016 announced the launch of a new series of target date retirement funds. As part of their long-term strategy to provide clients with a full range of retirement investment solutions, GSAM is offering a suite of eight target date mutual funds in 5-year increments ranging from retirement years 2020 to 2055.
GSAM has re-entered the target date space via the adoption of the Madison Target Retirement Funds, four target date funds whose track records date back to 2007, from Madison Asset Management, LLC (Madison) a target date manager with deep asset allocation expertise and a strong history of producing competitive returns. By combining Madison’s track record with GSAM’s distribution capabilities, GSAM seeks to deliver a differentiated solution primed to meet fiduciary challenges and retirement investor needs.
“Consultants, advisors and plan sponsors are re-examining their process for evaluating target date funds following guidance from the Department of Labor,” said David A. Solomon, National Sales Manager for Defined Contribution Investment Only at GSAM. “Understanding and managing conflicts of interest has become top of mind for plan sponsors. The Goldman Sachs Target Date Portfolios seek to provide an objective approach to defining the universe of underlying funds used in portfolio design and other unique features we believe sponsors will value to address fiduciary challenges.”
Shares of Navient Corp (NASDAQ:NAVI) ended Friday session in green amid volatile trading. The shares closed up +0.16 points or 1.17% at $13.88 with 3.41 million shares getting traded. Post opening the session at $13.70, the shares hit an intraday low of $13.68 and an intraday high of $14.01 and the price vacillated in this range throughout the day. The company has a market cap of $4.55 billion and the numbers of outstanding shares have been calculated to be 318.00 million shares.
On Sept. 23, 2016 Employees of local company Navient presented the Alzheimer’s Association of Greater Indiana with a check for more than $8,000 last week to support Alzheimer’s research and education.
The Alzheimer’s Association is the largest nonprofit funder of Alzheimer’s disease research, dedicated to eliminating Alzheimer’s disease through the advancement of research, providing and enhancing care and support for all affected, and reducing the risk of dementia through the promotion of brain health.
“We are grateful to the Navient staff for their incredible generosity. The funds raised will help to advance research and provide free education and caregiver support for families impacted by Alzheimer’s disease – including 110,000 Hoosiers living with a diagnosis of Alzheimer’s,” said Colleen Lawson, director, Indianapolis Walk to End Alzheimer’s, the Alzheimer’s Association’s largest fundraiser.
The effort was funded entirely by employee contributions from Navient’s Jeans BeCause Program. The program offers participating employees a “pass” to dress casually on certain days for their volunteer donations. It is one of several workplace events and fundraising activities planned by an employee-led committee to support local charities in the area.
“So many of us have experienced firsthand the debilitating effects of Alzheimer’s, either through a friend or a family member,” said Debbie Davis, systems analyst, Navient, whose father had dementia. “We are proud to have come together to support an organization that fights every day to eliminate this disease.”