It’s been quite a week for the big banks apparently. After yesterday’s stellar reports by Morgan Stanley and Bank of America, this morning it was Goldman Sachs Group’s (NYSE:GS) turn, and they certainly did not disappoint.
The company reported an EPS which has blown analyst estimates out of the water. While analyst had been expecting a reduction in quarterly earnings compared to the year prior at $3.53 per share, Goldman Sachs Group Inc (NYSE:GS) surprised us all with a $4.68 per share profit in the 4th quarter. Additionally the company beat the $7.07 billion revenue outlook that analysts had predicted, posting $727 billion in revenue for the quarter.The stock increased 0.65% or $1.01 during the last trading session, hitting $156.62. About 2,805 shares traded hands. GS has declined 25.94% since June 15, 2015 and is downtrending. It has underperformed the S&P500 by 17.08%.
From a total of 11 analysts covering Goldman Sachs Group Inc. (NYSE:GS) stock, 6 rate it a “Buy”, 0 a “Sell”, and 5 a “Hold”. This means that 55% of the ratings are positive. The highest target price is $259.0 while the lowest target price is $180. The mean of all analyst targets is $210.52 which is 34.41% above today’s ($156.62) stock price. Goldman Sachs Group Inc. was the topic of 20 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on January 5 with a “Outperform” rating. Vetr upgraded shares to a”Buy” rating and a $212.64 target share price in their report from an August 24. UBS maintained GS stock in a recent report from October 16 with a “Neutral” rating. Finally, Citigroup upgraded the stock to a “Buy” rating in a report they issued on an October 12.
The institutional sentiment decreased to 1.18 in Q2 2015. It’s down 0.01, from 1.19 in 2015Q2. The ratio turned negative, as 100 funds sold all their Goldman Sachs Group Inc shares they owned while 306 reduced their positions. 80 funds bought stakes while 399 increased their total positions. Institutions now own 316.11 million shares which is 2.05% more than the previous share count of 309.77 million in 2015Q2.
Pacifica Capital Investments Llc holds 17.43% of its total portfolio in Goldman Sachs Group Inc, equating to 151,884 shares. Prosiris Capital Management Lp owns 121,599 shares representing 11.69% of their total US portfolio. Moreover, Greenhaven Associates Inc has 11.53% of their total portfolio invested in the company, equating to 3.32 million shares. The United Kingdom-based Horseman Capital Management Ltd has a total of 11.1% of their portfolio invested in the stock. Lansdowne Partners (Uk) Llp, a United Kingdom-based fund reported 6.44 million shares owned.
The Goldman Sachs Group, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $66.37 billion. The Firm is a global investment banking, securities and investment management firm that provides a range of financial services to a diversified client base that include firms, financial institutions, Governments and individuals. It has 10.3 P/E ratio. The Firm has four business divisions.