Show-Me Stock: That's What Goldman Is Now, KBW Says

Ivan Schwartz
July 19, 2017

The stock now has a consensus rating of "Hold" and a consensus price target of $22.65. Rafferty upgraded the shares of GS in report on Monday, October 17 to "Buy" rating. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). On Wednesday, April 19 the stock rating was downgraded by Rafferty to "Hold".

Keefe, Bruyette & Woods was the latest to voice doubts, dropping its rating on Goldman from outperform to market perform. The institutional investor owned 1,418,891 shares of the investment management company's stock after selling 67,834 shares during the period. Blackrock Inc. owns $5.63 billion in The Goldman Sachs Group, Inc., which represents roughly 6.36% of the company's market cap and approximately 8.33% of the institutional ownership. Verizon Communications Inc. had 42 analyst reports since July 22, 2015 according to SRatingsIntel. National Securities reissued a "neutral" rating and set a $22.00 price objective on shares of Goldman Sachs BDC in a report on Monday, May 8th. (The) in a research note on Monday, July 10th. The original version of this report can be accessed at https://transcriptdaily.com/2017/07/19/pzena-investment-management-llc-sells-67834-shares-of-goldman-sachs-group-inc-the-gs-updated-updated-updated.html. (The) from $250.00 to $240.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 19th. The stock of Goldman Sachs Group Inc (NYSE:GS) has "Neutral" rating given on Tuesday, November 29 by Nomura. Going from the most negative analyst price target to above consensus is one thing.

TRADEMARK VIOLATION NOTICE: "Goldman Sachs Group, Inc". California Public Employees Retirement Sys has invested 0.37% in Goldman Sachs Group Inc (NYSE:GS).

The current market capitalization of Goldman Sachs Group (NYSE:GS) stands at 91.4 Billion. The stock ended last trade at $223.31 a share and the price is up more than -6.74% so far this year. Goldman Sachs Group Inc. has $285 highest and $140 lowest target. (The) (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 18th. The firm had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.47 billion. (The) had a net margin of 26.38% and a return on equity of 11.26%. The firm had revenue of $32.20 million during the quarter, compared to analysts' expectations of $32.03 million. During the same quarter in the previous year, the firm posted $3.72 EPS. Royal Bank Of Canada lowered their price objective on shares of Goldman Sachs Group, Inc. (The) declared that its Board of Directors has approved a share repurchase plan on Tuesday, April 18th that allows the company to repurchase 50,000,000 outstanding shares. The Cmt Asset Management Ltd holds 5,503 shares with $1.32M value, down from 19,151 last quarter. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Walt Disney Company (The) Target of Unusually High Options Trading (DIS)
In a transaction dated April 18, 2017, the shares were put up for sale at an average price of $114.5, raking in a sum of $229,000. Legacy Private Trust increased Powershares Etf Tr Ii (PHB) stake by 169,643 shares to 662,883 valued at $12.46 million in 2016Q4.

Coeur Mining, Inc. (NYSE:CDE) Stock Rating Lowered by BidaskClub
Royal Bank Of Canada set a $13.00 target price on Coeur Mining and gave the company a buy rating in a report on Monday, June 12th. Globeflex Capital LP increased E Trade Financial Ord (NASDAQ:ETFC) stake by 22,036 shares to 41,336 valued at $1.43M in 2016Q4.

LeBron James is reportedly 'frustrated' by the Cavaliers' underwhelming offseason
Whether people want to hear about it or not, LeBron's future with the Cavaliers will be the top conversation for the next year. Irving, who signed a five-year deal worth $90 million ahead of the 2014-15 season, could become a free agent in 2018-19.

Jane Street Group Llc increased Cae Inc (CAE) stake by 755.26% reported in 2016Q4 SEC filing. It also upped Vanguard Index Fds (VUG) stake by 12,097 shares and now owns 12,664 shares. If you are accessing this article on another publication, it was illegally stolen and republished in violation of United States & worldwide trademark & copyright law.

ILLEGAL ACTIVITY WARNING: "Vident Investment Advisory LLC Acquires New Position in Goldman Sachs Group, Inc". Acadian Asset Management LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. Creative Planning boosted its stake in shares of Goldman Sachs BDC by 102.7% in the second quarter.

The company is down by -2.60 percent from yesterday's close. Israel Discount Bank of New York GFN purchased a new position in Goldman Sachs Group, Inc. (The) during the fourth quarter valued at approximately $166,000. (The) during the first quarter valued at about $161,000. It increased, as 65 investors sold GS shares while 424 reduced holdings.

More notable recent Goldman Sachs Group Inc (NYSE:GS) news were published by: Seekingalpha.com which released: "Goldman Sachs Group (GS) Q2 2017 Results - Earnings Call Transcript" on July 18, 2017, also Reuters.com with their article: "MOVES-Senior Goldman Sachs banker Ronen joins SoftBank's Vision Fund" published on July 11, 2017, Bloomberg.com published: "Goldman Sachs, BofA Reverse Roles With Core Business Disappointments" on July 18, 2017.

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