Ratings Don’t Lie: Does Goldman Sachs (NYSE:GS) Look Good? KBW Upgrades It

November 29, 2016 - By Peter Kolinski

Ratings Don't Lie:  Does Goldman Sachs (NYSE:GS) Look Good? KBW Upgrades It

Goldman Sachs (NYSE:GS) Upgrade

Goldman Sachs (NYSE:GS) was increased by KBW from a Mkt Perform rating to a Outperform rating in a a research report made public 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 -8.89% below today’s ($211.8) stock price. Goldman Sachs Group Inc. has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Monday, August 31 by Evercore. As per Tuesday, February 16, the company rating was upgraded by JP Morgan. The firm earned “Outperform” rating on Friday, November 18 by Macquarie Research. On Wednesday, August 12 the stock rating was maintained by Deutsche Bank with “Hold”. Rafferty maintained Goldman Sachs Group Inc (NYSE:GS) rating on Thursday, November 10. Rafferty has “Buy” rating and $227 price target. The firm has “Buy” rating by UBS given on Friday, February 5. Zacks downgraded the shares of GS in a report on Tuesday, September 22 to “Hold” rating. Vetr upgraded the stock to “Buy” rating in Monday, August 24 report. The company was maintained on Wednesday, October 19 by RBC Capital Markets. The rating was maintained by Oppenheimer with “Outperform” on Friday, January 29.

About 2.57M 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 11.98 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.

Moreover, Barr E S & has 3.27% invested in Goldman Sachs Group Inc (NYSE:GS) for 181,590 shares. The Massachusetts-based Colony Group Limited Liability Company has invested 0.14% in Goldman Sachs Group Inc (NYSE:GS). The Japan-based Dai Ichi Life Ins Communications Ltd has invested 0.14% in Goldman Sachs Group Inc (NYSE:GS). Pennsylvania holds 3,106 shares or 0.04% of its portfolio. Allen Mgmt Limited Co holds 3,284 shares or 0.04% of its portfolio. 683 Ltd Liability Company has 70,000 shares for 1.66% of their US portfolio. Farmers Tru accumulated 0.85% or 17,556 shares. Pictet North America Advsrs Sa owns 6,200 shares or 0.21% of their US portfolio. Cap Fund Mgmt has 54,501 shares for 0.08% of their US portfolio. The Massachusetts-based Fiduciary has invested 0.2% in Goldman Sachs Group Inc (NYSE:GS). Fukoku Mutual Life Insurance accumulated 1,800 shares or 0.05% of the stock. Moreover, Martin Tn has 0.6% invested in Goldman Sachs Group Inc (NYSE:GS) for 12,370 shares. Mutual Of America Cap Ltd Liability Company last reported 51,100 shares in the company. Kj Harrison And Prtn reported 12,180 shares or 0.97% 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 buys, and 19 insider sales for $23.11 million net activity. 5,000 shares were sold by COHEN ALAN M, worth $905,941. On Friday, November 18 the insider BLANKFEIN LLOYD C sold $529,134. $47,001 worth of Goldman Sachs Group Inc (NYSE:GS) was sold by ROGERS JOHN F.W. on Friday, November 11. COOPER EDITH W sold $4.99M worth of stock or 24,509 shares. 2,664 Goldman Sachs Group Inc (NYSE:GS) shares with value of $479,520 were sold by SMITH SARAH G. $202,000 worth of Goldman Sachs Group Inc (NYSE:GS) was sold by BURNS M MICHELE on Friday, November 11. 913 shares with value of $184,810 were sold by SHERWOOD MICHAEL S 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 $83.79 billion. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 16.87 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 important recent Goldman Sachs Group Inc (NYSE:GS) news were published by: Investorplace.com which released: “6 Reasons to Add Goldman Sachs Group Inc to Your Portfolio (GS)” on November 29, 2016, also Bloomberg.com published article titled: “Goldman’s Cohn Set to Meet With Trump Amid Transition Talks”, Wsj.com published: “Goldman Sachs Drops Out of R3 Blockchain Group” on November 21, 2016. More interesting news about Goldman Sachs Group Inc (NYSE:GS) was released by: Bloomberg.com and their article: “Ex-Goldman Partner Teague Taps Big Names for Boutique Adviser” with publication date: November 29, 2016.

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