Goldman Sachs Group Inc (NYSE:GS) Rating Downgrade
Goldman Sachs Group Inc (NYSE:GS) was downgraded by Deutsche Bank from “Buy” rating to “Hold” rating in a research note issued to clients and investors on 24 June.
The stock rating downgrade was noticed by stock speculators, as NYSE:GS is at the moment trading -0.05% lower at $218.28 as of 09:34 New York time. Goldman Sachs Group Inc. shares have increased 22.27% over the last 200 days, while the S&P500 Index has increased 5.80% over the same time period.
According to data compiled by Thomson Reuters, Goldman Sachs Group Inc (NYSE:GS)’s stock is covered by 23 equity analysts across the Street, with 2 analysts giving it a Sell rating, 6 a Buy rating, while 19 consider it a Hold. The 12-month consensus target price for the stock is $212, which reflects an downside potential of 2.88% over the current price.
NYSE:GS Price Chart & Trend
The stock price of Goldman Sachs Group Inc. risen 22.27% over the last 200 days, and is in reinforcing up trend. In the last 50 and 100 days, Goldman Sachs Group Inc. is up 11.67% and up 24.49%, respectively. Our stocks momentum model is shown on the price chart below.
Pacifica Capital Investments Llc had the most significant stake with ownership of 163,927 shares as of Q1 2015 for 19.93% of the equity exposure. Lansdowne Partners (Uk) Llp is another very bullish active investment manager who is owning 6.31M shares of Goldman Sachs Group Inc. or 10.67% of their equity exposure. Moreover, Greenhaven Associates Inc have 10.59% of their equity exposure invested in the company for 3.13 million shares. The United Kingdom-based fund Kiltearn Partners Llp disclosed it had bought so far a stake worth about 9.32% of the active investment manager’s stock portfolio in Goldman Sachs Group Inc.. The United Kingdom-based fund Odey Asset Management Group Ltd is also positive about the stock, possessing 922,853 shares or 9.19% of their equity exposure.
Over the last 6 months, Goldman Sachs Group Inc. NYSE:GS has seen 0 buys, and 17 insider selling transactions. The net result was for 17 transactions, worth $158.53 million.
Goldman Sachs Group Inc (NYSE:GS) Profile
The Goldman Sachs Group, Inc. is a bank holding company and a financial holding company. The Company is a global investment banking, securities and investment management company that provides a range of financial services to a diversified client base that include corporations, financial institutions, Governments and individuals. The Company has four business segments.
Goldman Sachs Group Inc (NYSE:GS) traded down -0.05% on 24 June, hitting $218.28. A total of 26,469 shares of the company’s stock traded hands. This is down from average of 2.42 million shares. Goldman Sachs Group Inc. has a 52 week low of $161.53 and a 52 week high of $218.77. The company has a market cap of $94.35B and a P/E ratio of 11.49.
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