Interocean Capital LLC Has Cut Its Stake in Goldman Sachs Group (GS) by $4.67 Million

July 18, 2017 - By Hazel Jackson

Investors sentiment increased to 0.88 in 2016 Q4. Its up 0.02, from 0.86 in 2016Q3. It improved, as 65 investors sold GS shares while 424 reduced holdings. 168 funds opened positions while 262 raised stakes. 287.95 million shares or 5.61% more from 272.65 million shares in 2016Q3 were reported. Mackenzie stated it has 318,533 shares. 1,085 are held by Monetary. Allen Invest Mgmt Llc stated it has 2,606 shares or 0.04% of all its holdings. Brown Advisory Incorporated invested in 22,922 shares or 0.02% of the stock. Guild Investment owns 2,330 shares for 0.51% of their portfolio. 107 are held by Motco. Horizon Kinetics Ltd Limited Liability Company stated it has 2,242 shares. 800 are held by Bamco New York. Hartwell J M Limited Partnership owns 3,000 shares. 1,123 are owned by Forte Capital Ltd Liability Co Adv. Moreover, Calamos Advsr Limited Liability has 0.1% invested in Goldman Sachs Group Inc (NYSE:GS) for 53,240 shares. Bedrijfstakpensioenfonds Voor De Media Pno has 6,000 shares. Sun Life Fincl Inc owns 48 shares. Jupiter Asset Mgmt Ltd has 43,100 shares for 0.39% of their portfolio. New York-based Chemung Canal Trust Communications has invested 1.15% in Goldman Sachs Group Inc (NYSE:GS).

Since January 19, 2017, it had 0 insider buys, and 13 insider sales for $29.47 million activity. On Thursday, January 19 Spar Debora L sold $46,814 worth of Goldman Sachs Group Inc (NYSE:GS) or 200 shares. 2,336 shares valued at $539,184 were sold by COOPER EDITH W on Wednesday, February 1. Shares for $1.47M were sold by VINIAR DAVID A on Monday, February 13. Another trade for 10,691 shares valued at $2.51 million was made by SMITH SARAH G on Friday, February 3. 25,000 shares were sold by SCHWARTZ HARVEY M, worth $5.85M. $2.71M worth of Goldman Sachs Group Inc (NYSE:GS) was sold by JOHNSON JAMES A /DC/ on Thursday, January 19. The insider SOLOMON DAVID M sold 7,954 shares worth $2.01 million.

Interocean Capital Llc decreased its stake in Goldman Sachs Group (GS) by 38.21% based on its latest 2016Q4 regulatory filing with the SEC. Interocean Capital Llc sold 19,526 shares as the company’s stock declined 13.97% while stock markets rallied. The hedge fund held 31,576 shares of the finance company at the end of 2016Q4, valued at $7.56 million, down from 51,102 at the end of the previous reported quarter. Interocean Capital Llc who had been investing in Goldman Sachs Group for a number of months, seems to be less bullish one the $90.50B market cap company. The stock increased 0.19% or $0.43 during the last trading session, reaching $229.26. About 3,824 shares traded. Goldman Sachs Group Inc (NYSE:GS) has risen 39.23% since July 18, 2016 and is uptrending. It has outperformed by 22.53% the S&P500.

Interocean Capital Llc, which manages about $885.53 million and $467.92 million US Long portfolio, upped its stake in Spdr S&P 500 Etf (SPY) by 15,592 shares to 240,472 shares, valued at $53.75M in 2016Q4, according to the filing.

More notable recent Goldman Sachs Group Inc (NYSE:GS) news were published by: Foxbusiness.com which released: “Twitter Hires Former Goldman Sachs and Intuit Executive Ned Segal as CFO — Update” on July 11, 2017, also Reuters.com with their article: “Goldman Sachs relaxes dress code for techs in fight for talent” published on July 13, 2017, Seekingalpha.com published: “Goldman Sachs Group: Fair Total Return For This Investment Bank” on June 27, 2017. More interesting news about Goldman Sachs Group Inc (NYSE:GS) were released by: Thestreet.com and their article: “Goldman Sachs Loosens Its Dress Code Standards to Attract Tech Talent” published on July 13, 2017 as well as Seekingalpha.com‘s news article titled: “My Investment In Goldman Sachs And A Recommendation” with publication date: July 06, 2017.

Goldman Sachs Group Inc (NYSE:GS) Ratings Coverage

Among 26 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Goldman Sachs Group Inc. has $285 highest and $140 lowest target. $228.98’s average target is -0.12% below currents $229.26 stock price. Goldman Sachs Group Inc. had 65 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, November 29 by Nomura. The company was upgraded on Friday, April 21 by Atlantic Securities. The rating was downgraded by Berenberg to “Sell” on Friday, February 24. Oppenheimer maintained Goldman Sachs Group Inc (NYSE:GS) on Tuesday, October 6 with “Outperform” rating. The firm has “Hold” rating given on Wednesday, May 31 by BMO Capital Markets. The rating was downgraded by Zacks on Tuesday, September 22 to “Hold”. The stock of Goldman Sachs Group Inc (NYSE:GS) earned “Outperform” rating by Oppenheimer on Monday, September 21. Rafferty downgraded the stock to “Hold” rating in Wednesday, April 19 report. Citigroup upgraded the stock to “Neutral” rating in Wednesday, April 19 report. As per Friday, February 5, the company rating was upgraded by UBS.

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