Deutsche Bank Lowers Goldman Sachs Group Inc (NYSE:GS) Rating to “Hold” from “Buy”

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Deutsche Securities Analyst Rating Change Goldman Sachs Group Inc. NYSE:GS

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.Deutsche Bank Lowers Goldman Sachs Group Inc (NYSE:GS) Rating to "Hold" from "Buy"

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Institutional Ownership

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.

Insider Activity

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

Goldman Sachs Group IncThe 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.

Get the latest Goldman Sachs Group Inc (NYSE:GS) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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