The Goldman Sachs Group (GS) made considerable headlines, drawing the attention of investors. Recent news revealed that several large names, such as Zurich Insurance Group Ltd FI and Soros Fund Management LLC, reduced their shareholdings in GS. Conversely, World Investment Advisors LLC, Kovitz Investment Group Partners LLC amongst others, increased their stakes, suggestive of
mixed sentiments in the market. GS decided to leave a global climate coalition for banks, all the while boosting its Latin America Credit Team. Their stock has provided their shareholders a
25% CAGR over the past five years. Their
price target has been raised by Keefe Bruyette to $686 from $570, and by JPMorgan Chase & Co. to $550. Institutional investors control 71% of GS and experienced a 4.1% increase in stock last week. GS also saw a 5.7% increase in
short interest. Per Jim Cramer's comments, GS will exceed analytical expectations leading to a stock price rise. While some reductions in GS shares were seen from insider selling, there have been numerous increases from external entities. Lastly, GS is considering the sale of a platform used to launch ETFs.
Goldman Sachs Group GS News Analytics from Thu, 01 Aug 2024 02:22:18 GMT to Sat, 07 Dec 2024 14:11:38 GMT -
Rating 3
- Innovation 0
- Information 5
- Rumor -2
