Wafra Investment Advisory Group INC Holds Position in Goldman Sachs Group (GS)

February 15, 2018 - By Marguerite Chambers

Investors sentiment decreased to 0.75 in 2017 Q3. Its down 0.33, from 1.08 in 2017Q2. It worsened, as 63 investors sold GS shares while 427 reduced holdings. 82 funds opened positions while 285 raised stakes. 271.74 million shares or 2.47% less from 278.62 million shares in 2017Q2 were reported. Addison Cap Communications, Pennsylvania-based fund reported 2,112 shares. Qci Asset New York holds 1.51% or 57,034 shares. Fifth Third Comml Bank invested in 44,933 shares or 0.08% of the stock. At Natl Bank holds 0.29% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS) for 10,685 shares. Harris Lp stated it has 1.57M shares or 0.63% of all its holdings. The South Dakota-based South Dakota Inv Council has invested 0.53% in The Goldman Sachs Group, Inc. (NYSE:GS). Schwab Charles Inv has invested 0.28% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). Welch Ltd Liability holds 0.08% in The Goldman Sachs Group, Inc. (NYSE:GS) or 1,941 shares. Pinnacle Financial Partners Inc holds 0.12% in The Goldman Sachs Group, Inc. (NYSE:GS) or 3,825 shares. State Of Tennessee Treasury Department holds 293,871 shares or 0.35% of its portfolio. Iat Reinsurance Commerce Limited invested 4.06% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). 71,217 are held by Westpac Banking. Hartwell J M Limited Partnership holds 4,800 shares. Cullinan Assocs invested in 0.16% or 8,500 shares. Matrix Asset Advsrs New York holds 0.04% or 976 shares.

Since October 18, 2017, it had 0 buys, and 8 sales for $28.24 million activity. SALAME PABLO J sold $2.70 million worth of stock. VINIAR DAVID A had sold 17,500 shares worth $4.40 million on Thursday, January 18. 11,829 shares were sold by CHAVEZ R. MARTIN, worth $3.18M on Wednesday, January 31. $1.19 million worth of The Goldman Sachs Group, Inc. (NYSE:GS) was sold by GNODDE RICHARD J on Wednesday, October 18. SOLOMON DAVID M sold $5.77 million worth of The Goldman Sachs Group, Inc. (NYSE:GS) on Monday, January 29.

Wafra Investment Advisory Group Inc increased its stake in Goldman Sachs Group (GS) by 63.14% based on its latest 2017Q3 regulatory filing with the SEC. Wafra Investment Advisory Group Inc bought 22,616 shares as the company’s stock declined 13.97% while stock markets rallied. The institutional investor held 58,432 shares of the finance company at the end of 2017Q3, valued at $13.86 million, up from 35,816 at the end of the previous reported quarter. Wafra Investment Advisory Group Inc who had been investing in Goldman Sachs Group for a number of months, seems to be bullish on the $100.97 billion market cap company. The stock increased 1.94% or $5.11 during the last trading session, reaching $267.68. About 2.70M shares traded. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 39.23% since February 15, 2017 and is uptrending. It has outperformed by 22.53% the S&P500.

Wafra Investment Advisory Group Inc, which manages about $7.55B and $2.06 billion US Long portfolio, decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 38,551 shares to 25,560 shares, valued at $2.10 million in 2017Q3, according to the filing. It also reduced its holding in Jp Morgan Chase & Co. (NYSE:JPM) by 51,269 shares in the quarter, leaving it with 7,326 shares, and cut its stake in Nike Inc. (NYSE:NKE).

More notable recent The Goldman Sachs Group, Inc. (NYSE:GS) news were published by: Bloomberg.com which released: “It’s Getting Harder to Tell Banks From Tech Companies” on February 15, 2018, also Bloomberg.com with their article: “Slack Adds Former Goldman Sachs Executive to Board” published on February 15, 2018, Bloomberg.com published: “Goldman Is Close to Buying Personal-Finance Startup Clarity” on February 07, 2018. More interesting news about The Goldman Sachs Group, Inc. (NYSE:GS) were released by: Bloomberg.com and their article: “Goldman Says It’s Time to Buy, Look Past Technical Reversal” published on February 06, 2018 as well as Reuters.com‘s news article titled: “MOVES-Goldman Sachs appoints Philip global M&A co-head” with publication date: February 14, 2018.

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

Among 30 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 13 have Buy rating, 1 Sell and 16 Hold. Therefore 43% are positive. Goldman Sachs Group Inc. had 97 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Hold” rating given on Friday, October 6 by BMO Capital Markets. The firm earned “Sector Perform” rating on Wednesday, July 20 by RBC Capital Markets. The rating was upgraded by Morgan Stanley to “Overweight” on Monday, October 26. The firm earned “Hold” rating on Wednesday, July 19 by Keefe Bruyette & Woods. The company was maintained on Thursday, November 10 by Rafferty. As per Friday, August 11, the company rating was downgraded by HSBC. Keefe Bruyette & Woods maintained the shares of GS in report on Tuesday, January 9 with “Hold” rating. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. The stock has “Sector Perform” rating by RBC Capital Markets on Monday, January 25. The firm has “Hold” rating given on Wednesday, August 12 by Deutsche Bank.

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