Rating Reporting: Is Goldman Sachs Group (NYSE:GS) a Stock to Buy After Deutsche Bank Upgrade?

November 30, 2016 - By Winifred Garcia

Rating Reporting:  Is Goldman Sachs Group (NYSE:GS) a Stock to Buy After Deutsche Bank Upgrade?

Goldman Sachs Group (NYSE:GS) Upgrade

Deutsche Bank has raised Goldman Sachs Group (NYSE:GS) stock to a Buy in a a research note issued to clients on 30 November, and has set a 12 month TP at $255.00. GS’s old rating was Hold.

Goldman Sachs Group Inc (NYSE:GS) Ratings Coverage

Out of 21 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 12 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 57% are positive. $259.0 is the highest target while $140 is the lowest. The $192.98 average target is -11.80% below today’s ($218.81) stock price. Goldman Sachs Group Inc. has been the topic of 44 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, October 16 by UBS. The firm earned “Buy” rating on Monday, October 12 by Citigroup. The firm has “Hold” rating by Deutsche Bank given on Wednesday, August 12. The stock has “Hold” rating given by Zacks on Tuesday, September 22. The rating was upgraded by Rafferty on Monday, October 17 to “Buy”. The firm earned “Buy” rating on Friday, February 5 by UBS. As per Monday, September 21, the company rating was upgraded by Oppenheimer. RBC Capital Markets maintained the shares of GS in a report on Wednesday, October 19 with “Sector Perform” rating. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Tuesday, November 29 report. The firm earned “Outperform” rating on Tuesday, January 5 by Oppenheimer.

About 4.27M shares traded hands or 16.03% up from the average. Goldman Sachs Group Inc (NYSE: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 earnings per share, down 5.56% or $0.26 from last year’s $4.68 per share. GS’s profit will be $1.77 billion for 12.37 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 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.

Fifth Third National Bank accumulated 42,123 shares or 0.05% of the stock. Commonwealth Equity Services Inc last reported 29,903 shares in the company. Gideon Cap Advisors has invested 0.41% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). Hennessy Advisors accumulated 12,500 shares or 0.06% of the stock. Moreover, Sit Associates has 0.1% invested in Goldman Sachs Group Inc (NYSE:GS) for 24,240 shares. Snow Cap Ltd Partnership holds 11,253 shares or 0.08% of its portfolio. Hbk Sorce Advisory Ltd Liability Corporation, a Pennsylvania-based fund reported 2,395 shares. Banque Pictet Cie Sa reported 10,200 shares or 0.04% of all its holdings. Cap Inc Ca accumulated 46,995 shares or 0.84% of the stock. Everence Management Inc has invested 0.3% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). Psagot Investment House Ltd holds 198 shares or 0% of its portfolio. The Massachusetts-based Boston Private Wealth Limited Liability Company has invested 0.03% in Goldman Sachs Group Inc (NYSE:GS). Camarda Advsr Lc last reported 108 shares in the company. Community Bankshares Na accumulated 150 shares or 0.01% of the stock. Valicenti Advisory Inc accumulated 25,608 shares or 2.41% of the stock.

Insider Transactions: Since August 26, 2016, the stock had 0 insider purchases, and 19 insider sales for $23.11 million net activity. SMITH SARAH G sold $80,892 worth of stock. BLANKFEIN LLOYD C also sold $512,064 worth of Goldman Sachs Group Inc (NYSE:GS) shares. The insider COOPER EDITH W sold $4.99M. 3,566 shares with value of $744,056 were sold by COHN GARY D on Friday, November 11. 1,493 shares were sold by PALM GREGORY K, worth $314,665 on Tuesday, November 15. ROGERS JOHN F.W. had sold 231 shares worth $47,001. SHERWOOD MICHAEL S had sold 42,317 shares worth $8.75 million on Wednesday, November 16.

The Goldman Sachs Group, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $87.59 billion. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 17.43 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 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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