Ratings Change: Is Goldman Sachs (NYSE:GS) a Sell? How Analyst Rate it? Why Instinet Downgraded The Stock

November 29, 2016 - By Peter Kolinski

Ratings Change: Is Goldman Sachs (NYSE:GS) a Sell? How Analyst Rate it? Why Instinet Downgraded The Stock

Goldman Sachs (NYSE:GS) Downgrade

Goldman Sachs (NYSE:GS)‘s rating was downgraded by stock analysts at Instinet from a Buy rating to a Neutral rating in an analyst note sent to clients and investors on Tuesday morning.

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 -8.25% below today’s ($210.33) stock price. Goldman Sachs Group Inc. has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. JP Morgan upgraded Goldman Sachs Group Inc (NYSE:GS) on Tuesday, February 16 to “Overweight” rating. As per Monday, August 24, the company rating was upgraded by Vetr. As per Thursday, November 10, the company rating was maintained by Rafferty. The rating was upgraded by Sandler O’Neill on Monday, October 12 to “Buy”. UBS maintained Goldman Sachs Group Inc (NYSE:GS) on Friday, October 16 with “Neutral” rating. RBC Capital Markets maintained the shares of GS in a report on Monday, January 25 with “Sector Perform” rating. The firm has “Buy” rating by Evercore given on Monday, August 31. maintained it with “Buy” rating and $195 target price in Monday, October 10 report. The firm earned “Hold” rating on Tuesday, September 22 by Zacks. RBC Capital Markets maintained Goldman Sachs Group Inc (NYSE:GS) on Wednesday, October 19 with “Sector Perform” rating.

About 5,979 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 11.90 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 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.

Wharton Business Grp Limited Liability Corp owns 26,312 shares or 0.46% of their US portfolio. Laurion Cap Mngmt Ltd Partnership has 223,903 shares for 0.52% of their US portfolio. Diversified Investment Strategies Ltd Liability Corp holds 0.4% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 2,675 shares. Fifth Third Comml Bank holds 0.05% or 42,123 shares in its portfolio. The New York-based Gideon Advsr has invested 0.41% in Goldman Sachs Group Inc (NYSE:GS). Private Advisor Limited Liability Company accumulated 10,249 shares or 0.06% of the stock. Ruane Cunniff And Goldfarb Inc owns 565,140 shares or 0.8% of their US portfolio. Regions Financial accumulated 9,196 shares or 0.02% of the stock. Pax World Management Llc holds 0.67% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 77,667 shares. Menora Mivtachim Hldgs Limited has 0.86% invested in the company for 102,558 shares. Principal Grp accumulated 527,778 shares or 0.11% of the stock. Autus Asset Mgmt Ltd has 0.44% invested in the company for 13,132 shares. South Dakota Council has invested 0.48% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). Towle accumulated 0% or 20 shares. Toronto Dominion National Bank holds 0% or 3,446 shares in its portfolio.

Insider Transactions: Since August 26, 2016, the stock had 0 insider purchases, and 19 sales for $23.11 million net activity. COOPER EDITH W had sold 14,000 shares worth $2.33M. On Friday, November 11 VINIAR DAVID A sold $299,681 worth of the stock or 1,448 shares. SHERWOOD MICHAEL S sold $184,810 worth of Goldman Sachs Group Inc (NYSE:GS) on Friday, November 11. $529,134 worth of Goldman Sachs Group Inc (NYSE:GS) was sold by BLANKFEIN LLOYD C. COHEN ALAN M had sold 5,000 shares worth $905,941. Shares for $80,892 were sold by SMITH SARAH G. 231 shares were sold by ROGERS JOHN F.W., worth $47,001.

The Goldman Sachs Group, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $83.23 billion. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 16.75 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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