November 30, 2016 - By Marie Mckinney
Deutsche Bank gave Goldman Sachs (GS) shares a new “Buy” rating in a an analyst report revealed to investors on Wednesday, 30 November. This is upgrade from the last “Hold” rating. The broker now has $255.0 target price per share on Goldman Sachs (GS), suggesting 20.43% upside potential.
Out of 7 analysts covering Goldman Sachs (GS), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Goldman Sachs has been the topic of 8 analyst reports since October 17, 2016 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, October 17 by Rafferty. The stock has “Neutral” rating given by Guggenheim on Thursday, October 20. As per Wednesday, October 19, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating given on Tuesday, November 8 by Citigroup. Instinet downgraded Goldman Sachs Group Inc (NYSE:GS) on Tuesday, November 29 to “Neutral” rating. On Friday, November 18 the stock rating was upgraded by Macquarie Research to “Outperform”. The firm has “Neutral” rating given on Tuesday, November 29 by Nomura.
About 4.16M shares traded hands or 13.04% up from the average. Goldman Sachs Group Inc (GS) has risen 26.86% since April 27, 2016 and is uptrending. It has outperformed by 21.63% 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 $1.77B for 12.37 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 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.
Amer Group Inc holds 134,564 shares or 0% of its portfolio. Seven Eight Capital, a New York-based fund reported 6,797 shares. Ariel Invs Limited Liability Corp holds 0.06% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 33,810 shares. Greenwich Wealth Limited Company has invested 2.28% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). 683 Mgmt Llc holds 1.66% or 70,000 shares in its portfolio. Perkins Coie Trust Company holds 0.04% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 400 shares. Alliancebernstein L P accumulated 0.32% or 2.47M shares. Capstone Asset Management accumulated 0.13% or 29,428 shares. Wedge Management L Lp Nc holds 0.24% or 158,470 shares in its portfolio. Stanley accumulated 1,499 shares or 0.09% of the stock. Fayez Sarofim owns 1,682 shares or 0% of their US portfolio. Dupont Corp owns 59,151 shares or 0.2% of their US portfolio. Diversified Inv Strategies Lc holds 0.4% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 2,675 shares. Apg Asset Mgmt Nv, a Netherlands-based fund reported 813,956 shares. The Georgia-based Ridgeworth Limited Liability has invested 0% in Goldman Sachs Group Inc (NYSE:GS).
Insider Transactions: Since August 26, 2016, the stock had 0 buys, and 19 selling transactions for $23.11 million net activity. Another trade for 2,504 shares valued at $529,134 was sold by BLANKFEIN LLOYD C. VINIAR DAVID A had sold 888 shares worth $187,358 on Tuesday, November 15. SHERWOOD MICHAEL S sold 42,317 shares worth $8.75 million. 5,000 Goldman Sachs Group Inc (NYSE:GS) shares with value of $948,763 were sold by COHEN ALAN M. COHN GARY D sold $744,056 worth of stock or 3,566 shares. ROGERS JOHN F.W. also sold $47,001 worth of Goldman Sachs Group Inc (NYSE:GS) on Friday, November 11. SMITH SARAH G sold $479,520 worth of stock or 2,664 shares.
The Goldman Sachs Group, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $87.53 billion. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 17.42 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 notable recent Goldman Sachs Group Inc (NYSE:GS) news were published by: Bloomberg.com which released: “Goldman Says Trump’s Presidency Will Benefit Stocks in Almost Every Sector” on November 30, 2016, also Investorplace.com with their article: “6 Reasons to Add Goldman Sachs Group Inc to Your Portfolio (GS)” published on November 29, 2016, 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) were released by: Nasdaq.com and their article: “YieldBoost Goldman Sachs Group To 5.9% Using Options” published on November 30, 2016 as well as Schaeffersresearch.com‘s news article titled: “Analyst Upgrades: UnitedHealth Group Inc, Goldman Sachs Group Inc, and Splunk Inc” with publication date: November 30, 2016.
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