In today’s session Goldman Sachs Group Inc (GS) registered an unusually high (5,124) 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 5,124 contracts traded and 56194 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GS161118C00180000 closed last at: $1.11 or 22.4% down. About 1.13M shares traded hands. Goldman Sachs Group Inc (NYSE:GS) has risen 11.10% since March 14, 2016 and is uptrending. It has outperformed by 5.48% the S&P500.
Analysts await Goldman Sachs Group Inc (NYSE:GS) to report earnings on October, 20. They expect $3.83 earnings per share, up 32.07% or $0.93 from last year’s $2.9 per share. GS’s profit will be $1.58 billion for 11.08 P/E if the $3.83 EPS becomes a reality. After $3.72 actual earnings per share 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 16 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 11 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 69% are positive. Goldman Sachs Group Inc. has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Monday, August 24 the stock rating was upgraded by Vetr to “Buy”. UBS maintained the shares of GS in a report on Friday, October 16 with “Neutral” rating. Nomura upgraded the shares of GS in a report on Monday, January 25 to “Buy” rating. On Tuesday, February 16 the stock rating was upgraded by JP Morgan to “Overweight”. maintained Goldman Sachs Group Inc (NYSE:GS) rating on Monday, October 10. has “Buy” rating and $195 price target. The firm earned “Hold” rating on Tuesday, September 22 by Zacks. RBC Capital Markets maintained the shares of GS in a report on Wednesday, July 20 with “Sector Perform” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, January 25. The stock has “Outperform” rating given by Oppenheimer on Tuesday, January 5. UBS upgraded Goldman Sachs Group Inc (NYSE:GS) on Friday, February 5 to “Buy” rating.
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 2016 Q2. Its down 0.25, from 1.06 in 2016Q1. The ratio is 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.
Arga Invest Mgmt L P last reported 9,098 shares in the company. Argent Communication holds 2,823 shares or 0.13% of its portfolio. Northcoast Asset Ltd Liability last reported 14,985 shares in the company. Ruane Cunniff & Goldfarb last reported 0.8% of its portfolio in the stock. Vanguard reported 22.47 million shares or 0.21% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) owns 85,017 shares or 0.16% of their US portfolio. Barr E S accumulated 3.27% or 181,590 shares. Bartlett And Communications Ltd Com accumulated 0.01% or 866 shares. Comerica Secs accumulated 0.35% or 3,562 shares. Ledyard National Bank has invested 0% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). The Louisiana-based Louisiana State Employees Retirement Systems has invested 0.2% in Goldman Sachs Group Inc (NYSE:GS). Seaward Mgmt Ltd Partnership holds 1.17% or 143,251 shares in its portfolio. Ironbridge Cap Mngmt Limited Partnership, a Illinois-based fund reported 3,164 shares. Invesco Ltd accumulated 0.16% or 3.00 million shares. Carlson Cap Lp last reported 0.44% of its portfolio in the stock.
Insider Transactions: Since April 20, 2016, the stock had 0 insider purchases, and 2 selling transactions for $2.78 million net activity. SMITH SARAH G sold $431,568 worth of stock or 2,664 shares. COOPER EDITH W had sold 14,000 shares worth $2.33 million on Friday, August 26.
The Goldman Sachs Group, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $70.09 billion. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 16.05 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 notable recent Goldman Sachs Group Inc (NYSE:GS) news were published by: Wsj.com which released: “Goldman Sachs Asia-Pacific Chairman Mark Schwartz to Retire From Firm” on October 17, 2016, also Investorplace.com with their article: “Why Goldman Sachs Group Inc Upgraded Caterpillar Inc. (CAT)” published on October 12, 2016, Bloomberg.com published: “Goldman Sachs Sees Shock Potential for U.S., European Stocks” on October 10, 2016. More interesting news about Goldman Sachs Group Inc (NYSE:GS) were released by: Bloomberg.com and their article: “Goldman Sachs Said to Plan 25% Cut to Asia Investment Bank Jobs” published on September 24, 2016 as well as Reuters.com‘s news article titled: “Snapchat picks Morgan Stanley, Goldman to lead IPO: sources” with publication date: October 12, 2016.
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