Goldman Sachs Group Inc’s Stock Is Buy After Today’s Bullish Options Activity

 Goldman Sachs Group Inc's Stock Is Buy After Today's Bullish Options Activity

In today’s session Goldman Sachs Group Inc (GS) registered an unusually high (5,353) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious GS increase. With 5,353 contracts traded and 6994 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GS161118C00170000 closed last at: $2.52 or 24.8% up. About 733,509 shares traded hands. Goldman Sachs Group Inc (NYSE:GS) has risen 7.13% since March 3, 2016 and is uptrending. It has underperformed by 1.22% the S&P500.

Analysts await Goldman Sachs Group Inc (NYSE:GS) to report earnings on October, 20. They expect $3.83 EPS, up 32.07% or $0.93 from last year’s $2.9 per share. GS’s profit will be $1.59 billion for 10.77 P/E if the $3.83 EPS becomes a reality. After $3.72 actual EPS reported by Goldman Sachs Group Inc for the previous quarter, Wall Street now forecasts 2.96% EPS growth.

Goldman Sachs Group Inc (NYSE:GS) Ratings Coverage

Out of 15 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. Goldman Sachs Group Inc. has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Oppenheimer maintained Goldman Sachs Group Inc (NYSE:GS) rating on Tuesday, January 5. Oppenheimer has “Outperform” rating and $259.0 price target. Credit Suisse maintained Goldman Sachs Group Inc (NYSE:GS) rating on Wednesday, March 30. Credit Suisse has “Outperform” rating and $180 price target. Vetr upgraded Goldman Sachs Group Inc (NYSE:GS) on Monday, August 24 to “Buy” rating. The firm has “Buy” rating by Bank of America given on Wednesday, September 9. The firm earned “Neutral” rating on Friday, October 16 by UBS. The firm earned “Overweight” rating on Tuesday, February 16 by JP Morgan. The company was maintained on Wednesday, July 20 by RBC Capital Markets. The rating was maintained by Oppenheimer with “Outperform” on Tuesday, October 6. The stock has “Buy” rating given by Evercore on Monday, August 31. Zacks downgraded the stock to “Hold” rating in Tuesday, September 22 report.

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)”

Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.25, from 1.06 in 2016Q1. The ratio turned negative, 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.
Carnegie Cap Asset Mgmt Limited Liability Co, a Ohio-based fund reported 4,087 shares. Umb National Bank N A Mo accumulated 4,804 shares or 0.03% of the stock. Boston Prns owns 684,771 shares or 0.15% of their US portfolio. Tctc Ltd last reported 0.01% of its portfolio in the stock. Pictet Asset Management Limited has invested 0.18% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). Suntrust Banks Inc has invested 0.2% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). Moreover, Cap Invsts has 0.69% invested in Goldman Sachs Group Inc (NYSE:GS) for 3.15M shares. Sigma Inv Counselors Inc owns 14,116 shares or 0.36% of their US portfolio. Wafra Invest Advisory Gp Ny accumulated 83,943 shares or 1.52% of the stock. Cibc Asset Mngmt Inc holds 0.04% or 37,985 shares in its portfolio. Amp Cap Limited has 154,810 shares for 0.15% of their US portfolio. Davis Partners Limited Com reported 120,000 shares or 3.09% of all its holdings. Checchi Advisers Ltd Limited Liability Company has 3,323 shares for 0.06% of their US portfolio. Kcm Investment Advsr Ltd Liability Corp reported 2,395 shares or 0.02% of all its holdings. Silvercrest Asset Mgmt Group Incorporated Ltd Liability Com accumulated 1,408 shares or 0% of the stock.

Insider Transactions: Since April 20, 2016, the stock had 0 insider purchases, and 3 sales for $3.21 million net activity. $2.33M worth of Goldman Sachs Group Inc (NYSE:GS) was sold by COOPER EDITH W. SMITH SARAH G sold $431,568 worth of stock.

The Goldman Sachs Group, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $68.61 billion. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 15.61 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.

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 recent Goldman Sachs Group Inc (NYSE:GS) news were published by: Bloomberg.com which released: “Goldman Employees to Pull $300 Million From Omega Advisors” on October 05, 2016. Also Economictimes.Indiatimes.com published the news titled: “‘Wall of supply’ to block oil rally at $55, says Goldman Sachs” on October 06, 2016. Investorplace.com‘s news article titled: “Goldman Sachs Group Inc (GS): Are We Entering the Next Recession?” with publication date: September 30, 2016 was also an interesting one.

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