Economy

Credit Suisse Group Lowers Goldman Sachs Group, Inc. (The) (GS) to Neutral

The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The firm has a market capitalization of $93.09 billion, a PE ratio of 12.57 and a beta of 1.41. The stock decreased 0.25% or $0.4 during the last trading session, reaching $157.85. About 723,249 shares traded. It has underperformed by 2.14% the S&P500. The Goldman Sachs Group, Inc. has had 7 insider trades in the last 3 months, including 0 open market buys and 7 sells. Parallel Advisors LLC now owns 558 shares of the investment management company's stock valued at $126,000 after purchasing an additional 54 shares during the period. The Focused Investors Llc holds 432,600 shares with $95.99 million value, down from 538,200 last quarter. Wells Fargo & Company began coverage on shares of Goldman Sachs Group, Inc. It has outperformed by 22.53% the S&P500.

More notable recent Goldman Sachs Group Inc (NYSE:GS) news were published by: Bloomberg.com which released: "Goldman Sachs Is Expanding Trading Activities in Switzerland" on October 12, 2017, also Businessinsider.com with their article: "Goldman Sachs has created a "brain trust" to pitch mega deals to the likes of ..." published on October 11, 2017, Seekingalpha.com published: "Goldman Sachs And The Blockchain" on October 05, 2017. More interesting news about Goldman Sachs Group Inc (NYSE:GS) were released by: Seekingalpha.com and their article: "Goldman Sachs: Buy The Breakout?" published on October 05, 2017 as well as Bloomberg.com's news article titled: "Goldman Sachs Agrees on Lease for Frankfurt Office Tower Space" with publication date: October 04, 2017.

Investors sentiment increased to 1.08 in 2017 Q2. GT comes in with a P/S ratio of 0.56 that's below 1, potentially implying that it could be cheap relative to the overall sector (13.12) and its peers (89.99). (The) (NYSE:GS) recently. John F.w. Rogers, EVP-Chief of Staff & Secretary sold $4,156,329 worth of shares at an average price of $235.02 on Tue the 8th.

These funds have shifted positions in (GS). Groesbeck Investment Management Corp Nj, a New Jersey-based fund reported 78,690 shares. Banque Pictet Cie invested 0.22% in Goldman Sachs Group Inc (NYSE:GS).

Goldman Sachs Group, Inc. has a 52 week low of $165.51 and a 52 week high of $255.15. Goldman Sachs Group Inc (NYSE:GS) has risen 39.23% since October 12, 2016 and is uptrending.

Goldman Sachs was advised by Goldman Sachs & Co LLC and legal counsel was provided by Davis Polk & Wardwell and Mayer Brown LLP. Following the sale, the insider now owns 177,594 shares of the company's stock, valued at $41,128,994.46. (NYSE:GS) has gone stronger by 43.4%. Columbus Hill Capital LP stated it has 4,500 shares. Odey Asset Mngmt Gru owns 3.52% invested in Goldman Sachs Group Inc (NYSE:GS) for 144,150 shares. They expect $1.01 EPS, up 8.60% or $0.08 from last year's $0.93 per share.

Dsc Advisors Lp, which manages about $283.90 million and $303.41 million US Long portfolio, decreased its stake in Ishares Tr (IWD) by 77,700 shares to 9,840 shares, valued at $1.15 million in 2017Q2, according to the filing. Osborn Rohs Williams & Donohoe Ltd grew its holdings by buying 2 shares an increase of 0.0% as of 09/30/2017.

Dsc Advisors Lp increased its stake in Goldman Sachs Group Inc (GS) by 200.68% based on its latest 2017Q2 regulatory filing with the SEC. (NYSE:GS), 12 have Buy rating, 1 Sell and 14 Hold. Therefore 71% are positive. Equities analysts predict that Goldman Sachs Group, Inc. will post $18.19 EPS for the current fiscal year. Royal Bank of Canada cut their price target on Goldman Sachs Group to $250.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 18th. Keefe, Bruyette & Woods restated an outperform rating on shares of Goldman Sachs Group, Inc. The firm has "Buy" rating given on Tuesday, November 3 by Evercore. (The) in a research report on Monday, July 10th. As per Monday, January 25, the company rating was maintained by RBC Capital Markets. The company was downgraded on Friday, February 24 by Berenberg. Of the analysts surveyed by Reuters that track The Goodyear Tire & Rubber Company 2 of them rate its stock a hold. The firm has "Hold" rating given on Wednesday, August 23 by BMO Capital Markets. Its up 0.06, from 0.97 in 2017Q1. It dropped, as 24 investors sold VMI shares while 82 reduced holdings. 92 funds opened positions while 651 raised stakes. Davis Selected Advisers invested in 0.24% or 251,126 shares. (NYSE:VMI) for 9,270 shares. Virginia Retirement Sys Et Al holds 0.39% or 142,000 shares. Prologis, Inc.is given 4 buy-equivalent recommendations, 0 sells and 6 holds. (NYSE:VMI) for 40,837 shares. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Valmont Industries, Inc. (NYSE:VMI) for 104,454 shares. Doheny Asset Management Ca has invested 1.07% in Chevron Corporation (NYSE:CVX). (NYSE:VMI). 13,155 are owned by Raymond James. HSBC Holdings plc downgraded Goldman Sachs Group, Inc. Chevron Corporation had 83 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Friday, August 11 by Boenning & Scattergood. (The) in a research report on Friday, October 6th.



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