Goldman Sachs Says Emerging Markets Now Look Like Rich Countries

An investor looks at an electronic board showing stock information at a brokerage house in Nanjing Jiangsu province China

Goldman Sachs Inc.is expected to report its first-quarter results before the market opens on Tuesday. The brokerage now has a buy rating on the investment management company's stock. The New York-based Wall Street Access Asset Management Ltd Limited Liability Company has invested 1.17% in The Goldman Sachs Group, Inc.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPL. Renaissance Technologies LLC now owns 1,014,786 shares of the utilities provider's stock valued at $11,670,000 after buying an additional 80,800 shares in the last quarter. Eubel Brady Suttman Asset Management Incorporated has 3.4% invested in The Goldman Sachs Group, Inc. GLG Partners LP now owns 15,000 shares of the investment management company's stock worth $2,229,000 after buying an additional 2,000 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in Goldman Sachs by 2.6% in the 3rd quarter. Finally, Bluefin Trading LLC acquired a new position in Goldman Sachs Group during the second quarter worth about $2,288,000. (NYSE:GS). Portland Investment Counsel owns 2,100 shares. This year's performance is 5.09% while this quarter's performance is -1.87%. The company's P/E (price to earnings) ratio is 12.82 and Forward P/E ratio of 10.66. (NYSE:GS) to report earnings on April, 17. The investment management company reported $5.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $4.90 by $0.78. The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. Goldman Sachs Group had a return on equity of 9.78% and a net margin of 24.17%. During the same period in the prior year, the company earned $4.68 EPS. Goldman Sachs Group Inc.'s holdings in CPFL Energia were worth $2,197,000 at the end of the most recent quarter. The institutional investors in our database reported: 2.77 million shares, up from 1.37 million shares in 2017Q3. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $3.00 annualized dividend and a yield of 1.17%. Goldman Sachs's payout ratio is now 15.18%.


A number of research analysts have issued reports on GS shares. Analysts reported that the Price Target for The Goldman Sachs Group, Inc. might touch $330 high while the Average Price Target and Low price Target is $270.62 and $200 respectively. JMP Securities reiterated a "market perform" rating on shares of Goldman Sachs Group in a research report on Sunday, November 13th. Zacks Investment Research downgraded shares of Goldman Sachs from a buy rating to a hold rating in a research note on Wednesday, December 20th. Baskin Financial Services Inc sold 1,540 shares as Goldman Sachs Group Inc (GS)'s stock declined 4.52%. The company has a consensus rating of Hold and a consensus price target of $260.58. The stock has "Sell" rating by Vertical Group on Monday, November 6. The stock was sold at an average price of $233.99, for a total transaction of $2,714,284.00.

Davidson D A & Company, which manages about $9.65B and $4.77 billion US Long portfolio, decreased its stake in Wells Fargo Co New (NYSE:WFC) by 51,557 shares to 331,387 shares, valued at $20.11M in 2017Q4, according to the filing. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. (NYSE:GS) shs with value of $6.13M were sold by SCHWARTZ HARVEY M. SALAME PABLO J sold $2.70M worth of The Goldman Sachs Group, Inc. Insiders have sold a total of 83,548 shares of company stock worth $22,064,172 over the last ninety days. Following the transaction, the insider now owns 251,256 shares in the company, valued at $58,791,391.44.

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