November 29, 2016 - By Adrian Mccoy
Stock research analysts at Keefe Bruyette’s equity research division increased Goldman Sachs (NYSE:GS)‘s stock from a “Mkt Perform” to “Outperform” on 29 November.
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 -9.16% below today’s ($212.45) stock price. Goldman Sachs Group Inc. has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Credit Suisse on Wednesday, March 30. Morgan Stanley upgraded the stock to “Overweight” rating in Monday, October 26 report. The firm has “Neutral” rating by Guggenheim given on Thursday, October 20. The firm has “Neutral” rating by Citigroup given on Tuesday, November 8. The firm earned “Neutral” rating on Friday, October 16 by UBS. The firm has “Buy” rating given on Friday, February 5 by UBS. The stock of Goldman Sachs Group Inc (NYSE:GS) has “Buy” rating given on Thursday, November 10 by Rafferty. The rating was upgraded by Macquarie Research on Friday, November 18 to “Outperform”. Vetr upgraded the stock to “Buy” rating in Monday, August 24 report. Sandler O’Neill upgraded Goldman Sachs Group Inc (NYSE:GS) rating on Monday, October 12. Sandler O’Neill has “Buy” rating and $220.0 price target.
About 829,521 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 EPS, 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 EPS 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 is positive, 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.
Park Circle Com holds 1.93% or 18,000 shares in its portfolio. Ally Fincl has invested 1.24% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). Goodwin Daniel L, a Illinois-based fund reported 6,000 shares. The New York-based Bnp Paribas Arbitrage has invested 0.09% in Goldman Sachs Group Inc (NYSE:GS). Orrstown Financial Services holds 0.95% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 5,966 shares. Invest Advsrs Ltd Liability has 10,478 shares for 0.15% of their US portfolio. Wealthtrust accumulated 513 shares or 0.05% of the stock. Finemark Bank And accumulated 0.04% or 2,126 shares. Dai Ichi Life holds 0.14% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 30,352 shares. Algebris (Uk) Llp owns 18,690 shares or 0.47% of their US portfolio. Timber Creek Cap Mgmt Limited Liability Corp last reported 3 shares in the company. Moreover, Thomas J Herzfeld Inc has 0.05% invested in Goldman Sachs Group Inc (NYSE:GS) for 689 shares. Axa has 0.06% invested in the company for 96,576 shares. Moreover, Bridgecreek Investment Mgmt Limited Co has 1.44% invested in Goldman Sachs Group Inc (NYSE:GS) for 31,575 shares. Wharton Business Gru Ltd Liability Corp accumulated 26,312 shares or 0.46% of the stock.
Insider Transactions: Since August 26, 2016, the stock had 0 insider buys, and 19 selling transactions for $23.11 million net activity. SMITH SARAH G sold $452,880 worth of Goldman Sachs Group Inc (NYSE:GS) on Wednesday, August 31. Another trade for 3,566 shares valued at $744,056 was sold by COHN GARY D. VINIAR DAVID A had sold 1,448 shares worth $299,681 on Friday, November 11. COOPER EDITH W also sold $4.99M worth of Goldman Sachs Group Inc (NYSE:GS) on Friday, November 11. SHERWOOD MICHAEL S also sold $8.75M worth of Goldman Sachs Group Inc (NYSE:GS) on Wednesday, November 16. BLANKFEIN LLOYD C sold $529,134 worth of Goldman Sachs Group Inc (NYSE:GS) on Friday, November 18. 1,000 Goldman Sachs Group Inc (NYSE:GS) shares with value of $202,000 were sold by BURNS M MICHELE.
The Goldman Sachs Group, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $84.07 billion. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 16.92 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)”
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 news for Goldman Sachs Group Inc (NYSE:GS) were recently published by: Wsj.com, which released: “Goldman Sachs Drops Out of R3 Blockchain Group” on November 21, 2016. Bloomberg.com‘s article titled: “Ex-Goldman Partner Teague Taps Big Names for Boutique Adviser” and published on November 29, 2016 is yet another important article.
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By Adrian Mccoy