Notable Reporting: Goldman Sachs Group Inc Q2 2016 Institutional Investor Sentiment Worse Than Expected

November 24, 2016 - By Dolores Ford   ·   0 Comments

Notable Reporting: Goldman Sachs Group Inc  Q2 2016 Institutional Investor Sentiment  Worse Than Expected

Sentiment for Goldman Sachs Group Inc (NYSE:GS)

Goldman Sachs Group Inc (NYSE:GS) institutional sentiment increased to 0.86 in 2016 Q2. Its up 0.05, from 0.81 in 2016Q1. The ratio is better, as 383 investment professionals increased or started new equity positions, while 471 sold and decreased their equity positions in Goldman Sachs Group Inc. The investment professionals in our partner’s database reported: 282.96 million shares, down from 308.54 million shares in 2016Q1. Also, the number of investment professionals holding Goldman Sachs Group Inc in their top 10 equity positions decreased from 33 to 28 for a decrease of 5. Sold All: 92 Reduced: 379 Increased: 297 New Position: 86.

The Goldman Sachs Group, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $84.92 billion. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 16.91 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.

The stock increased 0.57% or $1.2 on November 23, hitting $212.31. About 3.73 million shares traded hands. Goldman Sachs Group Inc (NYSE:GS) has risen 27.32% since April 22, 2016 and is uptrending. It has outperformed by 21.91% 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 $1.77 billion for 12.01 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.

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)”

Pacifica Capital Investments Llc holds 11.78% of its portfolio in Goldman Sachs Group Inc for 150,320 shares. Greenhaven Associates Inc owns 3.75 million shares or 10.92% of their US portfolio. Moreover, Kamunting Street Capital Management L.P. has 10.25% invested in the company for 30,000 shares. The United Kingdom-based Kiltearn Partners Llp has invested 9.93% in the stock. Matthew 25 Management Corp, a Pennsylvania-based fund reported 236,500 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 19 insider sales for $23.11 million net activity.

Goldman Sachs Group Inc (NYSE:GS) Ratings Coverage

Ratings analysis reveals 63% of Goldman Sachs Group Inc.’s analysts are positive. Out of 19 Wall Street analysts rating Goldman Sachs Group Inc., 12 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $140 while the high is $259.0. The stock’s average target of $192.98 is -9.10% below today’s ($212.31) share price. GS was included in 41 notes of analysts from July 21, 2015. Guggenheim downgraded Goldman Sachs Group Inc (NYSE:GS) on Thursday, October 20 to “Neutral” rating. JP Morgan upgraded Goldman Sachs Group Inc (NYSE:GS) on Tuesday, February 16 to “Overweight” rating. Zacks downgraded the shares of GS in a report on Tuesday, September 22 to “Hold” rating. The rating was upgraded by Evercore on Monday, August 31 to “Buy”. The rating was upgraded by Citigroup to “Buy” on Monday, October 12. The rating was initiated by Berenberg on Wednesday, July 13 with “Hold”. As per Friday, November 18, the company rating was upgraded by Macquarie Research. The company was upgraded on Monday, October 17 by Rafferty. maintained Goldman Sachs Group Inc (NYSE:GS) rating on Monday, October 10. has “Buy” rating and $195 price target. The firm has “Outperform” rating given on Friday, January 29 by Oppenheimer.

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: Wsj.com which released: “Goldman Sachs Drops Out of R3 Blockchain Group” on November 21, 2016, also Nasdaq.com published article titled: “Goldman Plans Sale of South Korea’s Daesung Industrial Gases”, Wsj.com published: “Michael Sherwood Quits as Head of Goldman Sachs in Europe” on November 21, 2016. More interesting news about Goldman Sachs Group Inc (NYSE:GS) was released by: Bloomberg.com and their article: “Goldman Says Scope for OPEC Deal Makes Oil Short-Term Buy” with publication date: November 21, 2016.

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By Dolores Ford


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