In today’s session Goldman Sachs Group Inc (GS) registered an unusually high (301) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious GS increase. With 301 contracts traded and 13004 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: GS161216C00195000 closed last at: $17.85 or 4.4% up. About 1.64 million shares traded hands. Goldman Sachs Group Inc (NYSE:GS) has risen 28.04% since April 25, 2016 and is uptrending. It has outperformed by 22.03% 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 $1.75 billion for 11.98 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.
Goldman Sachs Group Inc (NYSE:GS) Ratings Coverage
Out of 19 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 12 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 63% are positive. Goldman Sachs Group Inc. has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Goldman Sachs Group Inc (NYSE:GS) has “Buy” rating given on Wednesday, September 9 by Bank of America. Rafferty upgraded Goldman Sachs Group Inc (NYSE:GS) on Monday, October 17 to “Buy” rating. The stock has “Buy” rating given by Sandler O’Neill on Monday, October 12. RBC Capital Markets maintained Goldman Sachs Group Inc (NYSE:GS) rating on Monday, January 25. RBC Capital Markets has “Sector Perform” rating and $180 price target. The firm has “Outperform” rating by Macquarie Research given on Friday, November 18. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, February 16 report. The stock of Goldman Sachs Group Inc (NYSE:GS) has “Hold” rating given on Tuesday, September 22 by Zacks. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, March 30 report. Deutsche Bank maintained Goldman Sachs Group Inc (NYSE:GS) rating on Wednesday, August 12. Deutsche Bank has “Hold” rating and $215 price target. The firm has “Buy” rating by UBS given on Friday, February 5.
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 increased to 0.86 in Q2 2016. Its up 0.05, from 0.81 in 2016Q1. The ratio increased, 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.
The New York-based First Eagle Investment Llc has invested 0% in Goldman Sachs Group Inc (NYSE:GS). Bank & Trust Of Montreal Can holds 0.07% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 391,494 shares. Provise Management Grp Inc Inc Limited Com accumulated 0.04% or 1,500 shares. Park Circle last reported 1.93% of its portfolio in the stock. The Texas-based Fayez Sarofim & Commerce has invested 0% in Goldman Sachs Group Inc (NYSE:GS). Jefferies Grp Ltd Company accumulated 0% or 4,800 shares. Delphi Management Ma reported 13,719 shares or 1.31% of all its holdings. Commonwealth Commercial Bank Of Aus accumulated 93,558 shares or 0.16% of the stock. Moreover, Rothschild Invest Corporation Il has 0.74% invested in Goldman Sachs Group Inc (NYSE:GS) for 38,982 shares. Advisor Prtn Ltd Liability Com holds 0.25% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 4,870 shares. Laurion Capital Mngmt Lp has 223,903 shares for 0.52% of their US portfolio. Profund Advsrs Lc holds 0.11% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 14,575 shares. Baldwin Brothers Inc Ma holds 0.03% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 909 shares. Quantbot Techs Lp holds 0.19% or 12,235 shares in its portfolio. Baldwin Invest Management Ltd Llc last reported 0.23% of its portfolio in the stock.
Insider Transactions: Since August 26, 2016, the stock had 0 insider purchases, and 19 selling transactions for $23.11 million net activity. 392 shares were sold by SMITH SARAH G, worth $80,892 on Tuesday, November 15. The insider PALM GREGORY K sold $314,665. Another trade for 5,000 shares valued at $948,763 was sold by COHEN ALAN M. Shares for $529,134 were sold by BLANKFEIN LLOYD C on Friday, November 18. COOPER EDITH W also sold $2.33M worth of Goldman Sachs Group Inc (NYSE:GS) on Friday, August 26. 1,448 shares with value of $299,681 were sold by VINIAR DAVID A on Friday, November 11. Shares for $744,056 were sold by COHN GARY D.
The Goldman Sachs Group, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $83.82 billion. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 16.86 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.
Another recent and important Goldman Sachs Group Inc (NYSE:GS) news was published by Wsj.com which published an article titled: “Goldman Sachs Drops Out of R3 Blockchain Group” on November 21, 2016.
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