Goldman Sachs Group Inc (NYSE:GS) Holdings Cut by Rhumbline Advisers

Olive Hawkins
December 7, 2017

Kings Point Capital Management, which manages about $429.64 million US Long portfolio, decreased its stake in Berkshire Hathaway Inc Ne (BRKB) by 12,553 shares to 7,486 shares, valued at $1.27 million in 2017Q2, according to the filing. The Goldman Sachs Group, Inc.'s Return on Equity (ROE) is 10.60%, measure their profitability and reveals how much profit they generate with the money their shareholders. The stock decreased 0.95% or $2.39 during the last trading session, reaching $248.26.

MS trades at a forward P/E of 12.88, a P/B of 1.31, and a P/S of 2.20, compared to a forward P/E of 12.22, a P/B of 1.32, and a P/S of 2.34 for GS. The Manufacturers Life Insurance Company lifted its stake in shares of Goldman Sachs Group by 47.1% in the second quarter. (NYSE:GS) has risen 39.23% since December 6, 2016 and is uptrending. (NASDAQ:ENTG) is a huge mover today! About 2.90 million shares traded or 8.71% up from the average. Numerex Corp. (NMRX) has declined 44.90% since December 5, 2016 and is downtrending. The investment management company reported $5.02 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $4.17 by $0.85. We have $31.81 PT which if reached, will make NASDAQ:ENTG worth $333.12M more.

Companies that can increase earnings at a high compound rate over time are attractive to investors. It increased, as 96 investors sold GS shares while 350 reduced holdings.

Other hedge funds have also recently made changes to their positions in the company. Bank of America lifted their target price on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday. The institutional investor held 35,913 shares of the finance company at the end of 2017Q2, valued at $7.97M, up from 700 at the end of the previous reported quarter. Icon Advisers Comm accumulated 0.63% or 40,800 shares. (NYSE:GS). Td Asset Mngmt stated it has 417,885 shares. Ballentine Prtn Lc owns 2,161 shares for 0.04% of their portfolio. Menta Capital Ltd Limited Liability Company invested in 0.31% or 11,800 shares. (NYSE:GS) for 19 shares. M&R Capital Inc invested in 125 shares. (NYSE:GS). Wedge Capital Management L Ltd Partnership Nc invested in 0.29% or 138,144 shares. Nippon Life Glob Invsts Americas Inc owns 0.53% invested in The Goldman Sachs Group, Inc. Goldman Sachs Group's quarterly revenue was up 26.6% compared to the same quarter a year ago. (NYSE:GS), on the other hand, is up 3.71% year to date as of 12/04/2017.

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Among 29 analysts covering Goldman Sachs Group Inc. Oppenheimer maintained the shares of GS in report on Tuesday, January 5 with "Outperform" rating. Tokio Marine Asset Management Ltd has 0.17% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Prudential Fincl Inc accumulated 996,304 shares. Martin Marietta Matls Inc (NYSE:MLM) was reduced too. The business's revenue was up 2.0% on a year-over-year basis. equities research analysts anticipate that Goldman Sachs Group Inc will post 19.03 EPS for the current fiscal year. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Therefore 41% are positive. The Goldman Sachs Group, Inc.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. As per Wednesday, March 30, the company rating was maintained by Credit Suisse. Moreover, Marshfield Assocs has 8.11% invested in The Goldman Sachs Group, Inc. (NYSE:GS) earned "Sell" rating by Vertical Group on Monday, November 6. The rating was maintained by BMO Capital Markets on Wednesday, August 23 with "Hold". Zacks Investment Research upgraded shares of Goldman Sachs Group from a "hold" rating to a "buy" rating and set a $273.00 price objective for the company in a research note on Tuesday, November 7th. The stock has "Hold" rating by Deutsche Bank on Wednesday, August 12. Atlantic Securities upgraded it to "Overweight" rating and $254 target in Friday, April 21 report. The company was maintained on Friday, July 28 by Needham. We will compare the two companies across growth, profitability, risk, valuation, and insider trends to answer this question. The firm has "Buy" rating by Stifel Nicolaus given on Thursday, July 13. As per Thursday, October 26, the company rating was maintained by Needham. Institutional investors own 72.77% of the company's stock. Its up 0.64, from 1.08 in 2017Q1. Tru Commerce Of Toledo Na Oh, Ohio-based fund reported 139,569 shares. Thompson Siegel & Walmsley Llc reported 2,244 shares. Pacific Global Inv Mgmt holds 0.68% in The Goldman Sachs Group, Inc. Exencial Wealth Advisors LLC now owns 1,878 shares of the investment management company's stock worth $402,000 after buying an additional 24 shares during the last quarter. Shelton Mngmt owns 18,869 shares or 0.3% of their U.S. portfolio.

A number of research firms have issued reports on GS. Livingston Group Inc Asset (Operating As Southport Management) holds 57,002 shares. Supplemental Annuity Collective Of Nj stated it has 7,755 shares. Burke And Herbert State Bank And Trust Communication has 1,841 shares. 1,929 were reported by Grandfield And Dodd Ltd Liability Corp.

Analysts await Honeywell International Inc. The simple logic that a stock's current market price does not justify (is not equivalent to) its higher earnings and therefore has room to run is behind shareholders' inclination toward low P/E stocks.

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