Goldman Sachs Group Inc (GS) was Downgraded by Nomura to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Nomura advised their investors in a research report released on Nov 29, 2016.
Many Wall Street Analysts have commented on Goldman Sachs Group Inc. Goldman Sachs Group Inc was Upgraded by Macquarie to ” Outperform” on Nov 18, 2016. Goldman Sachs Group Inc was Downgraded by Citigroup to ” Neutral” on Nov 8, 2016. Goldman Sachs Group Inc was Downgraded by Guggenheim to ” Neutral” on Oct 20, 2016.
On the company’s financial health, Goldman Sachs Group Inc reported $4.88 EPS for the quarter, beating the analyst consensus estimate by $ 1.05 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $3.83. The company had revenue of $8168.00 million for the quarter, compared to analysts expectations of $7406.94 million. The company’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 EPS.
Goldman Sachs Group Inc closed down -0.93 points or -0.44% at $211.38 with 19,73,959 shares getting traded on Friday. Post opening the session at $211.36, the shares hit an intraday low of $211.001 and an intraday high of $212.754 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Nov 22, 2016, Sarah G Smith (Principal Accounting Officer) sold 218 shares at $211.46 per share price. According to the SEC, on Nov 22, 2016, Lloyd C Blankfein (Chairman of the Board and CEO) sold 2,504 shares at $211.32 per share price. On Nov 18, 2016, Michael S Sherwood (Vice Chairman) sold 42,317 shares at $206.87 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Investment Banking segments services include strategic advisory assignments and debt and equity underwriting of public offerings and private placements. Its Institutional Client Services segment makes markets and facilitates client transactions in fixed income equity currency and commodity products. Its investing and lending activities include the Companys investing and relationship lending activities across various asset classes primarily debt securities and loans public and private equity securities and real estate. Its investment management segment provides investment and wealth advisory services.