Ingalls & Snyder LLC Holds Holding in Goldman Sachs Group INC (GS)

February 24, 2018 - By Adrian Mccoy

Investors sentiment decreased to 0.75 in Q3 2017. Its down 0.33, from 1.08 in 2017Q2. It worsened, as 63 investors sold GS shares while 427 reduced holdings. 82 funds opened positions while 285 raised stakes. 271.74 million shares or 2.47% less from 278.62 million shares in 2017Q2 were reported. Utd Services Automobile Association invested in 175,986 shares. American Assets Invest Ltd Liability reported 30,000 shares. Kingfisher Cap Lc holds 8,095 shares or 1.27% of its portfolio. 886 are owned by Cheviot Value Mngmt Ltd Liability. Leisure Capital Management, California-based fund reported 3,341 shares. Moreover, Rainier Invest Management Ltd Liability Corp has 0.55% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Exchange Cap Mngmt invested in 12,210 shares or 0.96% of the stock. Salem Investment Counselors stated it has 4,782 shares. Great Lakes Advsrs has invested 0.05% in The Goldman Sachs Group, Inc. (NYSE:GS). Financial Architects invested in 0.01% or 30 shares. First Bancorporation holds 0.62% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS) for 15,501 shares. 21,352 were reported by Cypress Asset Mngmt Tx. Eagle Global Limited Liability Corporation accumulated 23,336 shares. Moreover, Charter Tru has 0.08% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Valicenti Advisory Inc owns 14,086 shares for 1.68% of their portfolio.

Since October 18, 2017, it had 0 insider buys, and 8 insider sales for $28.24 million activity. Shares for $1.81M were sold by VINIAR DAVID A. Shares for $6.13M were sold by SCHWARTZ HARVEY M. GNODDE RICHARD J also sold $1.19M worth of The Goldman Sachs Group, Inc. (NYSE:GS) on Wednesday, October 18. SALAME PABLO J sold $2.70 million worth of The Goldman Sachs Group, Inc. (NYSE:GS) on Thursday, February 1. SOLOMON DAVID M had sold 21,252 shares worth $5.77 million on Monday, January 29.

Ingalls & Snyder Llc increased its stake in Goldman Sachs Group Inc (GS) by 340.55% based on its latest 2017Q3 regulatory filing with the SEC. Ingalls & Snyder Llc bought 69,813 shares as the company’s stock declined 13.97% while stock markets rallied. The institutional investor held 90,313 shares of the finance company at the end of 2017Q3, valued at $21.42M, up from 20,500 at the end of the previous reported quarter. Ingalls & Snyder Llc who had been investing in Goldman Sachs Group Inc for a number of months, seems to be bullish on the $100.63B market cap company. The stock increased 2.04% or $5.34 during the last trading session, reaching $266.77. About 2.51M shares traded. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 39.23% since February 24, 2017 and is uptrending. It has outperformed by 22.53% the S&P500.

Ingalls & Snyder Llc, which manages about $3.07B and $1.92B US Long portfolio, decreased its stake in Hexcel Corp New (NYSE:HXL) by 54,054 shares to 1.31M shares, valued at $75.49 million in 2017Q3, according to the filing. It also reduced its holding in Corcept Therapeutics Inc (NASDAQ:CORT) by 433,537 shares in the quarter, leaving it with 6.88M shares, and cut its stake in Oracle Corp (NYSE:ORCL).

More notable recent The Goldman Sachs Group, Inc. (NYSE:GS) news were published by: Bloomberg.com which released: “Goldman Is Close to Buying Personal-Finance Startup Clarity” on February 07, 2018, also Wsj.com with their article: “Goldman Sachs Bolsters M&A Leadership” published on February 14, 2018, Seekingalpha.com published: “Goldman Sachs: Compelling Returns” on February 22, 2018. More interesting news about The Goldman Sachs Group, Inc. (NYSE:GS) were released by: Wsj.com and their article: “Goldman Sachs Raises $2.5 Billion to Buy Stakes in Private-Equity Firms” published on February 22, 2018 as well as Bizjournals.com‘s news article titled: “Former White House national security pro may return to Goldman Sachs” with publication date: February 23, 2018.

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

Among 30 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 13 have Buy rating, 1 Sell and 16 Hold. Therefore 43% are positive. Goldman Sachs Group Inc. had 97 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Tuesday, February 16. The stock has “Buy” rating by Evercore on Monday, August 31. The company was maintained on Thursday, August 10 by Wells Fargo. On Monday, October 12 the stock rating was upgraded by Sandler O’Neill to “Buy”. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, January 17. The company was maintained on Wednesday, May 31 by BMO Capital Markets. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Sector Perform” rating given on Monday, January 25 by RBC Capital Markets. UBS upgraded the shares of GS in report on Friday, February 5 to “Buy” rating. The firm earned “Hold” rating on Tuesday, September 22 by Zacks. Morgan Stanley maintained The Goldman Sachs Group, Inc. (NYSE:GS) on Wednesday, October 18 with “Overweight” rating.

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