Rating Worth Watching: Is Goldman Sachs (NYSE:GS) Worth Your Time After Placed Nomura’s Downgrade?

November 29, 2016 - By Clifton Ray

Rating Worth Watching: Is Goldman Sachs (NYSE:GS) Worth Your Time After Placed Nomura's Downgrade?

Goldman Sachs (NYSE:GS) Downgrade

Goldman Sachs (NYSE:GS)‘s stock was cut to a Neutral by research professionals at Nomura. GS’s Buy rating is no longer valid.

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 -9.30% below today’s ($212.77) stock price. Goldman Sachs Group Inc. has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Monday, October 26 the stock rating was upgraded by Morgan Stanley to “Overweight”. The stock of Goldman Sachs Group Inc (NYSE:GS) has “Buy” rating given on Monday, October 10 by . Evercore upgraded the stock to “Buy” rating in Monday, August 31 report. The firm has “Outperform” rating by Macquarie Research given on Friday, November 18. The company was upgraded on Wednesday, September 9 by Bank of America. The firm earned “Buy” rating on Thursday, November 10 by Rafferty. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, October 19. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, July 20. Rafferty upgraded the stock to “Buy” rating in Monday, October 17 report. On Monday, January 25 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

About 699,277 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 $1.75B for 12.03 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 increased, 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.

Concorde Asset Mngmt Ltd Limited Liability Company has invested 0.41% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). Hsbc Holding Public Limited Com last reported 434,417 shares in the company. Hbk Invests Lp holds 0.02% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 12,970 shares. Marco Invest Management Ltd Liability Corp owns 55,274 shares or 1.53% of their US portfolio. Assetmark holds 1,900 shares or 0% of its portfolio. Markel accumulated 17,100 shares or 0.07% of the stock. Moreover, Of Vermont has 0.01% invested in Goldman Sachs Group Inc (NYSE:GS) for 368 shares. Sun Life Inc last reported 0.06% of its portfolio in the stock. California State Teachers Retirement System holds 0.27% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 842,065 shares. Amica Pension Fund Board Of Trustees accumulated 0.95% or 49,024 shares. Ig Inv Mgmt Ltd has 31,724 shares for 0.02% of their US portfolio. The Germany-based Dekabank Deutsche Girozentrale has invested 0.13% in Goldman Sachs Group Inc (NYSE:GS). Tru Department Mb Finance Retail Bank N A holds 517 shares or 0.01% of its portfolio. The Georgia-based Suntrust Banks Inc has invested 0.2% in Goldman Sachs Group Inc (NYSE:GS). Tikvah Mngmt Ltd Liability last reported 55,591 shares in the company.

Insider Transactions: Since August 26, 2016, the stock had 0 buys, and 19 selling transactions for $23.11 million net activity. COHN GARY D sold $744,056 worth of stock. SMITH SARAH G also sold $80,892 worth of Goldman Sachs Group Inc (NYSE:GS) on Tuesday, November 15. $202,000 worth of Goldman Sachs Group Inc (NYSE:GS) was sold by BURNS M MICHELE on Friday, November 11. 2,483 shares were sold by BLANKFEIN LLOYD C, worth $512,064. $8.75 million worth of Goldman Sachs Group Inc (NYSE:GS) was sold by SHERWOOD MICHAEL S. The insider COOPER EDITH W sold 14,000 shares worth $2.33M. $299,681 worth of Goldman Sachs Group Inc (NYSE:GS) shares were sold by VINIAR DAVID A.

The Goldman Sachs Group, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $84.20 billion. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 16.95 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 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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