Do Institutional Investors Hate Goldman Sachs Group Inc (NYSE:GS)?

September 30, 2018 - By Lisa Delgado

The Goldman Sachs Group, Inc. (NYSE:GS) Logo

Sentiment for Goldman Sachs Group Inc (NYSE:GS)

Goldman Sachs Group Inc (NYSE:GS) institutional sentiment decreased to 1.03 in 2018 Q2. Its down -0.13, from 1.16 in 2018Q1. The ratio fall, as 455 hedge funds increased or opened new stock positions, while 442 sold and decreased their stock positions in Goldman Sachs Group Inc. The hedge funds in our partner’s database reported: 257.97 million shares, down from 266.01 million shares in 2018Q1. Also, the number of hedge funds holding Goldman Sachs Group Inc in their top 10 stock positions decreased from 35 to 25 for a decrease of 10. Sold All: 88 Reduced: 354 Increased: 366 New Position: 89.

The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management firm worldwide. The company has market cap of $84.66 billion. It operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 17.9 P/E ratio. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

The stock decreased 1.54% or $3.5 during the last trading session, reaching $224.24. About 3.10 million shares traded or 15.03% up from the average. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 0.97% since September 30, 2017 and is uptrending. It has underperformed by 14.65% the S&P500.

Analysts await The Goldman Sachs Group, Inc. (NYSE:GS) to report earnings on October, 16. They expect $5.80 earnings per share, up 15.54 % or $0.78 from last year’s $5.02 per share. GS’s profit will be $2.19 billion for 9.67 P/E if the $5.80 EPS becomes a reality. After $5.98 actual earnings per share reported by The Goldman Sachs Group, Inc. for the previous quarter, Wall Street now forecasts -3.01 % negative EPS growth.

Kamunting Street Capital Management L.P. holds 21.34% of its portfolio in The Goldman Sachs Group, Inc. for 70,000 shares. Pacifica Capital Investments Llc owns 100,229 shares or 12.63% of their US portfolio. Moreover, Matthew 25 Management Corp has 11.81% invested in the company for 177,500 shares. The New York-based Greenhaven Associates Inc has invested 11.26% in the stock. Tegean Capital Management Llc, a New York-based fund reported 95,000 shares.

Since January 1, 0001, it had 0 buys, and 2 selling transactions for $2.80 million activity.

The Goldman Sachs Group, Inc. (NYSE:GS) Ratings Coverage

Ratings analysis reveals 30% of Goldman Sachs Group Inc’s analysts are positive. Out of 10 Wall Street analysts rating Goldman Sachs Group Inc, 3 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $245 while the high is $335. The stock’s average target of $277.56 is 23.78% above today’s ($224.24) share price. GS was included in 11 notes of analysts from April 6, 2018. BMO Capital Markets maintained The Goldman Sachs Group, Inc. (NYSE:GS) rating on Wednesday, April 18. BMO Capital Markets has “Market Perform” rating and $245 target. The rating was maintained by Keefe Bruyette & Woods on Tuesday, April 17 with “Hold”. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Neutral” rating given on Wednesday, April 18 by Credit Suisse. As per Wednesday, July 18, the company rating was maintained by Wood. The firm earned “Hold” rating on Tuesday, April 17 by Nomura. Oppenheimer maintained the shares of GS in report on Wednesday, July 18 with “Outperform” rating. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Buy” rating given on Monday, April 23 by Oppenheimer. Buckingham Research maintained the stock with “Neutral” rating in Wednesday, April 18 report. The rating was upgraded by Vining Sparks on Friday, April 6 to “Buy”.

More notable recent The Goldman Sachs Group, Inc. (NYSE:GS) news were published by: Seekingalpha.com which released: “Tesla’s Stock Is A Battleground – Cramer’s Lightning Round (9/25/18)” on September 26, 2018, also 247Wallst.com with their article: “Goldman Sachs Takes Over as Dow’s Poorest Performer” published on September 29, 2018, 247Wallst.com published: “Intel, DowDuPont Balance the Dow Friday” on September 28, 2018. More interesting news about The Goldman Sachs Group, Inc. (NYSE:GS) were released by: Benzinga.com and their article: “Goldman Sachs: Trucking Rates To Peak In Q4, Gradually Decline In 2019” published on September 27, 2018 as well as Seekingalpha.com‘s news article titled: “Financial stocks lose ground after Fed chair’s press conference” with publication date: September 26, 2018.

The Goldman Sachs Group, Inc. (NYSE:GS) Institutional Positions Chart

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