Goldman Sachs Group (GS) Shares Declined While Westend Advisors LLC Decreased Stake by $8.71 Billion

April 16, 2018 - By Benjamin Allen

The Goldman Sachs Group, Inc. (NYSE:GS) Corporate LogoDuring Q4 2017 the big money sentiment increased to 0.99. That’s change of 0.24, from 2017Q3’s 0.75. 60 investors sold all, 371 reduced holdings as GS ratio increased. 322 rose stakes while 106 funds amassed stakes. Funds hold 268.85 million shares thus 1.06% less from 2017Q3’s 271.74 million shares. Independent Investors reported 4,250 shs. Amarillo Fincl Bank owns 1,203 shs. Kentucky Retirement Systems Tru Fund stated it has 0.4% in The Goldman Sachs Group, Inc. (NYSE:GS). Quantitative Investment Mngmt Ltd Company reported 149,000 shs or 0.56% of all its holdings. Regions Fincl invested 0.06% of its capital in The Goldman Sachs Group, Inc. (NYSE:GS). 3,281 were accumulated by Kcm Invest Advsrs Limited Liability Company. 1,375 are held by Tctc Holdg Ltd Liability Co. The United Kingdom-based Lombard Odier Asset (Europe) Ltd has invested 0.07% in The Goldman Sachs Group, Inc. (NYSE:GS). Wolverine Asset Mngmt owns 1,427 shs. Douglass Winthrop Advsrs Lc has 0.1% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Alphamark Ltd Liability Corporation holds 2.1% of its capital in The Goldman Sachs Group, Inc. (NYSE:GS) for 21,124 shs. Moreover, Eagle Glob Ltd Co has 0.19% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Global Endowment Mgmt Limited Partnership has 1,640 shs for 0.06% of their capital. Commercial Bank Of Nova Scotia stated it has 115,957 shs or 0.13% of all its holdings. St Germain D J Company Inc invested in 45,058 shs.

GS had 9 sales and 0 insider purchases since October 18, 2017. This’s net activity of $30.00 million. ROGERS JOHN F.W. also sold $1.17M worth of The Goldman Sachs Group, Inc. (NYSE:GS) on Friday, February 23. SCHWARTZ HARVEY M sold $6.13M worth of stock or 25,000 shs. SOLOMON DAVID M also sold $5.77M worth of The Goldman Sachs Group, Inc. (NYSE:GS) on Monday, January 29. 6,738 The Goldman Sachs Group, Inc. (NYSE:GS) shs with value of $1.78 million were sold by LEE BRIAN J. 10,000 The Goldman Sachs Group, Inc. (NYSE:GS) shs with value of $2.70 million were sold by SALAME PABLO J. 11,829 shs were sold by CHAVEZ R. MARTIN, worth $3.18 million.

In Goldman Sachs Group (GS) was decreased the holdings held by Westend Advisors Llc. The reduction is 15.82% according to 2017Q4 SEC form. 34,194 shares were sold by Westend Advisors Llc as the company’s stock declined 4.52% with the market. The finance company reported $46.35B value for the 2017Q4. Now the institutional investor is holding 181,928 shares, compared to the 216,122 from the previous quarter. $97.89 billion is the market cap of Goldman Sachs Group. On during the last trading session the stock increased $2.35 or 0.92%, reaching $258.27.Currently The Goldman Sachs Group, Inc. is uptrending after 9.66% change in last April 16, 2017. GS has 3.02M shares volume. GS underperformed by 1.89% the S&P500.

About $1081.46 billion US Long portfolio Westend Advisors Llc manages. It increased its stake in Technology Select Sector Spdr Fund (XLK) by 57,326 shares to 363,290 shares, valued at $23.23B in 2017Q4, according to the filing. For a total of 68,431 shares it increased its holding in Ishares 0 (STIP) by 11,031 shares in the quarter, and has risen its stake in Spdr S&P 500 Etf Trust (SPY).

Analysts await The Goldman Sachs Group, Inc. (NYSE:GS) to report earnings on April, 17. They expect $5.41 earnings per share, up 5.05 % or $0.26 from last year’s $5.15 per share. GS’s profit will be $2.05B for 11.93 P/E if the $5.41 EPS becomes a reality. After $5.68 actual earnings per share reported by The Goldman Sachs Group, Inc. for the previous quarter, Wall Street now forecasts -4.75 % negative EPS growth.

The Goldman Sachs Group, Inc. (NYSE:GS) Ratings Coverage

Total analysts of 12 have positions in Goldman Sachs Group Inc (NYSE:GS) as follows: 7 rated it a “Buy”, 0 with “Sell” and 5 with “Hold”. The positive are 58%. Since October 17, 2017 according to StockzIntelligence Inc Goldman Sachs Group Inc has 23 analyst reports. On Wednesday, October 18 the firm has “Neutral” rating by Buckingham Research given. On Monday, November 13 the stock of The Goldman Sachs Group, Inc. (NYSE:GS) earned “Hold” rating by RBC Capital Markets. On Tuesday, October 17 the firm earned “Hold” rating by BMO Capital Markets. On Wednesday, January 17 Keefe Bruyette & Woods maintained The Goldman Sachs Group, Inc. (NYSE:GS) rating. Keefe Bruyette & Woods has “Hold” rating and $260.0 target. On Friday, December 29 the stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Buy” rating given by Vertical Group. On Tuesday, October 17 Keefe Bruyette & Woods maintained the shares of GS in report with “Hold” rating. On Tuesday, December 12 the firm has “Hold” rating given by Keefe Bruyette & Woods. On Thursday, January 18 the rating was maintained by Barclays Capital with “Hold”. On Monday, November 6 Vertical Group downgraded The Goldman Sachs Group, Inc. (NYSE:GS) to “Sell” rating. On Wednesday, October 18 the stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Overweight” rating given by Morgan Stanley.

The Goldman Sachs Group, Inc. (NYSE:GS) Institutional Investors Chart

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