Important Rating: Is Goldman Sachs Group (NYSE:GS) a Sell? How Analyst Rate it? Why Nomura Downgraded The Stock

November 29, 2016 - By Winifred Garcia

Important Rating: Is Goldman Sachs Group (NYSE:GS) a Sell? How Analyst Rate it? Why Nomura Downgraded The Stock

Goldman Sachs Group (NYSE:GS) Downgrade

Nomura downgraded Goldman Sachs Group (NYSE:GS)‘s stock to a “Neutral” rating from a “Buy”. This rating change was sent to clients and investors in a analysts note today.

Goldman Sachs Group Inc (NYSE:GS) Ratings Coverage

Out of 19 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 12 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 63% are positive. $259.0 is the highest target while $140 is the lowest. The $192.98 average target is -9.19% below today’s ($212.51) stock price. Goldman Sachs Group Inc. has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, October 12 by Sandler O’Neill. The firm has “Outperform” rating by Oppenheimer given on Monday, September 21. The stock of Goldman Sachs Group Inc (NYSE:GS) earned “Overweight” rating by JP Morgan on Tuesday, February 16. The firm has “Hold” rating by Zacks given on Tuesday, September 22. The firm earned “Buy” rating on Monday, August 31 by Evercore. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, January 25. On Wednesday, July 13 the stock rating was initiated by Berenberg with “Hold”. On Wednesday, September 9 the stock rating was upgraded by Bank of America to “Buy”. Nomura upgraded the stock to “Buy” rating in Monday, January 25 report. The firm has “Sector Perform” rating given on Wednesday, July 20 by RBC Capital Markets.

About 1.58 million shares traded hands. Goldman Sachs Group Inc (NYSE:GS) has risen 26.84% since April 26, 2016 and is uptrending. It has outperformed by 21.58% the S&P500.

Analysts await Goldman Sachs Group Inc (NYSE:GS) to report earnings on January, 18. They expect $4.42 earnings per share, down 5.56% or $0.26 from last year’s $4.68 per share. GS’s profit will be $1.75 billion for 12.02 P/E if the $4.42 EPS becomes a reality. After $4.88 actual earnings per share reported by Goldman Sachs Group Inc for the previous quarter, Wall Street now forecasts -9.43% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 0.86 in Q2 2016. Its up 0.05, from 0.81 in 2016Q1. The ratio improved, as 92 funds sold all Goldman Sachs Group Inc shares owned while 379 reduced positions. 86 funds bought stakes while 297 increased positions. They now own 282.96 million shares or 8.29% less from 308.54 million shares in 2016Q1.

Robeco Institutional Asset Management Bv reported 40,253 shares or 0.05% of all its holdings. The Florida-based Finemark Bank & Trust And Trust has invested 0.04% in Goldman Sachs Group Inc (NYSE:GS). Blackrock Fund, a California-based fund reported 4.56M shares. Adams Asset Advsrs Limited Co holds 1,400 shares or 0.04% of its portfolio. Ray Gerald L & Assoc Limited holds 0.24% or 10,180 shares in its portfolio. The Illinois-based Savant Cap Ltd Liability Company has invested 0.07% in Goldman Sachs Group Inc (NYSE:GS). Da Davidson last reported 14,984 shares in the company. The Ontario – Canada-based Scotia Incorporated has invested 0.04% in Goldman Sachs Group Inc (NYSE:GS). North Star Mgmt Corp accumulated 0.01% or 367 shares. City Hldgs accumulated 0.04% or 604 shares. Brighton Jones reported 1,514 shares or 0.04% of all its holdings. Thrivent For Lutherans, a Minnesota-based fund reported 414,240 shares. Lomas Capital Ltd Llc accumulated 5.19% or 172,716 shares. Bokf Na reported 32,963 shares or 0.17% of all its holdings. Palisades Hudson Asset Management L P has 0.36% invested in the company for 2,933 shares.

Insider Transactions: Since August 26, 2016, the stock had 0 insider purchases, and 19 selling transactions for $23.11 million net activity. $187,358 worth of Goldman Sachs Group Inc (NYSE:GS) shares were sold by VINIAR DAVID A. $47,001 worth of Goldman Sachs Group Inc (NYSE:GS) was sold by ROGERS JOHN F.W. on Friday, November 11. 5,000 shares were sold by COHEN ALAN M, worth $905,941. 218 shares were sold by SMITH SARAH G, worth $46,099. The insider BLANKFEIN LLOYD C sold $529,134. Another trade for 42,317 shares valued at $8.75M was sold by SHERWOOD MICHAEL S. COOPER EDITH W also sold $4.99M worth of Goldman Sachs Group Inc (NYSE:GS) on Friday, November 11.

The Goldman Sachs Group, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $84.09 billion. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 16.93 P/E ratio. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

According to Zacks Investment Research, “Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. (Company Press Release)”

GS Company Profile

The Goldman Sachs Group, Inc., incorporated on July 21, 1998, is a bank holding firm and a financial holding company. The Firm is an investment banking, securities and investment management firm that provides a range of financial services to a diversified client base that includes firms, financial institutions, governments and individuals. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s United States depository institution subsidiary, Goldman Sachs Bank USA (GS Bank USA), is a New York State chartered bank.

More recent Goldman Sachs Group Inc (NYSE:GS) news were published by: Bloomberg.com which released: “Goldman’s Cohn Set to Meet With Trump Amid Transition Talks” on November 29, 2016. Also Investorplace.com published the news titled: “6 Reasons to Add Goldman Sachs Group Inc to Your Portfolio (GS)” on November 29, 2016. Wsj.com‘s news article titled: “Goldman Sachs Drops Out of R3 Blockchain Group” with publication date: November 21, 2016 was also an interesting one.

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