Institutional Investor’s Anti-Goldman Sachs Group Inc (NYSE:GS) Sentiment In 2019 Q2

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Sentiment for Goldman Sachs Group Inc (NYSE:GS)

Goldman Sachs Group Inc (NYSE:GS) institutional sentiment decreased to 0.86 in 2019 Q2. Its down -0.11, from 0.97 in 2019Q1. The ratio has dropped, as 354 active investment managers increased or opened new stock positions, while 414 decreased and sold their positions in Goldman Sachs Group Inc. The active investment managers in our partner’s database now own: 239.47 million shares, down from 242.16 million shares in 2019Q1. Also, the number of active investment managers holding Goldman Sachs Group Inc in their top 10 stock positions decreased from 29 to 28 for a decrease of 1. Sold All: 64 Reduced: 350 Increased: 267 New Position: 87.

The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management firm worldwide. The company has market cap of $79.07 billion. It operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 9.22 P/E ratio. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

The stock increased 0.53% or $1.16 during the last trading session, reaching $219.9. About 2.62 million shares traded or 19.21% up from the average. The Goldman Sachs Group, Inc. (NYSE:GS) has declined 7.88% since September 13, 2018 and is downtrending. It has underperformed by 7.88% the S&P500.

Analysts await The Goldman Sachs Group, Inc. (NYSE:GS) to report earnings on October, 15. They expect $5.53 EPS, down 11.94 % or $0.75 from last year’s $6.28 per share. GS’s profit will be $1.99B for 9.94 P/E if the $5.53 EPS becomes a reality. After $5.81 actual EPS reported by The Goldman Sachs Group, Inc. for the previous quarter, Wall Street now forecasts -4.82 % negative EPS growth.

Okumus Fund Management Ltd. holds 27.93% of its portfolio in The Goldman Sachs Group, Inc. for 538,207 shares. Kamunting Street Capital Management L.P. owns 72,544 shares or 14.54% of their US portfolio. Moreover, Matthew 25 Management Corp has 13.18% invested in the company for 176,500 shares. The New York-based Greenhaven Associates Inc has invested 12.06% in the stock. Pacifica Capital Investments Llc, a California-based fund reported 117,463 shares.

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

Ratings analysis reveals 33% of Goldmanchs Group’s analysts are positive. Out of 3 Wall Street analysts rating Goldmanchs Group, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $218 while the high is $312. The stock’s average target of $253.75 is 15.39% above today’s ($219.9) share price. GS was included in 7 notes of analysts from March 23, 2019. The company was maintained on Tuesday, March 26 by Oppenheimer. The firm earned “Market Perform” rating on Tuesday, April 16 by BMO Capital Markets. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, April 16 report.

More notable recent The Goldman Sachs Group, Inc. (NYSE:GS) news were published by: Finance.Yahoo.com which released: “Stocks – Wall Street Flat; Energy, Financial Stocks Vs. Tech Softness – Yahoo Finance” on September 09, 2019, also Finance.Yahoo.com with their article: “Goldman Sachs Might End Up Regretting Apple Card Partnership – Yahoo Finance” published on August 14, 2019, Seekingalpha.com published: “VC Deals: Tyson Continues Plant-Based Meat Investments – Seeking Alpha” on September 06, 2019. More interesting news about The Goldman Sachs Group, Inc. (NYSE:GS) were released by: Fool.com and their article: “Should Visa Worry About Apple’s New Credit Card? – Motley Fool” published on September 12, 2019 as well as Bizjournals.com‘s news article titled: “Digital Reasoning CEO takes same role at publicly traded company – Nashville Business Journal” with publication date: August 21, 2019.

The Goldman Sachs Group, Inc. (NYSE:GS) Institutional Positions Chart

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