Could Goldman Sachs Group Inc See a Reversal After Today’s Strong Options Activity?

 Could Goldman Sachs Group Inc See a Reversal After Today's Strong Options Activity?

In today’s session Goldman Sachs Group Inc (GS) recorded an unusually high (424) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious GS decrease. With 424 contracts traded and 25054 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: GS161118P00170000 closed last at: $1.94 or 11.5% up. About 741,845 shares traded hands. Goldman Sachs Group Inc (NYSE:GS) has risen 13.24% since April 5, 2016 and is uptrending. It has outperformed by 11.28% the S&P500.

Goldman Sachs Group Inc (NYSE:GS) Ratings Coverage

Out of 18 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 12 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 67% are positive. $259.0 is the highest target while $140 is the lowest. The $190.71 average target is 5.98% above today’s ($179.95) stock price. Goldman Sachs Group Inc. has been the topic of 38 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, March 30. The company was upgraded on Monday, October 26 by Morgan Stanley. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, October 19. The firm has “Buy” rating by given on Monday, October 10. The stock has “Buy” rating given by Nomura on Monday, January 25. On Wednesday, August 12 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Sector Perform” rating given on Wednesday, July 20 by RBC Capital Markets. The firm has “Buy” rating given on Monday, August 24 by Vetr. The company was upgraded on Wednesday, September 9 by Bank of America. The firm has “Hold” rating by Zacks given on Tuesday, September 22.

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 dropped, 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.
Principal Finance Group Incorporated accumulated 527,778 shares or 0.11% of the stock. Cambridge Research accumulated 0.02% or 4,883 shares. Livforsakringsbolaget Skandia Omsesidigt accumulated 69,199 shares or 0.46% of the stock. Proshare Ltd reported 187,155 shares or 0.36% of all its holdings. Natl Pension Serv has 0.3% invested in the company for 229,376 shares. Exane Derivatives has 1,081 shares for 0% of their US portfolio. Cibc World Markets has invested 0.36% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). Piedmont Investment Advsrs Ltd Liability Company has 0% invested in the company for 87,658 shares. Motco, a Texas-based fund reported 49 shares. Bollard Gp Lc has invested 0.14% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). Reliance Trust Commerce Of Delaware last reported 10,997 shares in the company. Sawgrass Asset Llc last reported 0.08% of its portfolio in the stock. Clifford Swan Investment Counsel Limited has invested 0.31% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). Moreover, Chicago Equity Partners Ltd Co has 0.11% invested in Goldman Sachs Group Inc (NYSE:GS) for 24,425 shares. Winch Advisory Ltd Liability Corporation last reported 51 shares in the company.

Insider Transactions: Since August 26, 2016, the stock had 0 insider buys, and 2 sales for $2.78 million net activity. The insider SMITH SARAH G sold $452,880. COOPER EDITH W had sold 14,000 shares worth $2.33M.

The Goldman Sachs Group, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $72.36 billion. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 14.33 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 important recent Goldman Sachs Group Inc (NYSE:GS) news were published by: Wsj.com which released: “Goldman Sachs Has a New Model: Apple” on October 30, 2016, also Wsj.com published article titled: “How One Goldman Sachs Trader Made More Than $100 Million”, Bloomberg.com published: “Goldman Sachs Wins Suit Over $1.2 Billion Libyan Fund Losses” on October 14, 2016. More interesting news about Goldman Sachs Group Inc (NYSE:GS) was released by: Bloomberg.com and their article: “Goldman Sachs Said Outsourcing Dark Pool Operation to Nasdaq” with publication date: October 31, 2016.

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