Keybank National Association Has Cut Goldman Sachs Group (GS) Stake; Ruane Cunniff & Goldfarb Decreased Credit Accep Mich (CACC) Position

April 25, 2018 - By Neil V. Hobbs

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

Ruane Cunniff & Goldfarb Inc decreased Credit Accep Corp Mich (CACC) stake by 0.29% reported in 2017Q4 SEC filing. Ruane Cunniff & Goldfarb Inc sold 3,089 shares as Credit Accep Corp Mich (CACC)’s stock rose 1.15%. The Ruane Cunniff & Goldfarb Inc holds 1.07M shares with $346.23M value, down from 1.07 million last quarter. Credit Accep Corp Mich now has $6.44B valuation. The stock decreased 1.03% or $3.45 during the last trading session, reaching $331.69. About 6,027 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 74.80% since April 25, 2017 and is uptrending. It has outperformed by 63.25% the S&P500.

Keybank National Association decreased Goldman Sachs Group Inc (GS) stake by 39.62% reported in 2017Q4 SEC filing. Keybank National Association sold 3,865 shares as Goldman Sachs Group Inc (GS)’s stock declined 4.52%. The Keybank National Association holds 5,890 shares with $1.50 million value, down from 9,755 last quarter. Goldman Sachs Group Inc now has $92.48B valuation. The stock decreased 1.61% or $3.9 during the last trading session, reaching $238.6. About 1.16M shares traded. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 9.66% since April 25, 2017 and is uptrending. It has underperformed by 1.89% the S&P500.

Keybank National Association increased Ishares Tr (EFA) stake by 50,561 shares to 4.37M valued at $307.10 million in 2017Q4. It also upped Powershares Etf Tr Ii (BAB) stake by 12,817 shares and now owns 590,041 shares. Vanguard Scottsdale Fds (VCSH) was raised too.

Among 32 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 14 have Buy rating, 1 Sell and 17 Hold. Therefore 44% are positive. Goldman Sachs Group Inc. had 109 analyst reports since July 21, 2015 according to SRatingsIntel. HSBC downgraded the stock to “Hold” rating in Friday, August 11 report. The company was maintained on Tuesday, January 5 by Oppenheimer. The company was maintained on Friday, October 16 by UBS. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, May 31. RBC Capital Markets maintained it with “Hold” rating and $24000 target in Thursday, June 22 report. The company was downgraded on Friday, February 24 by Berenberg. As per Monday, August 31, the company rating was upgraded by Evercore. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) earned “Buy” rating by Bank of America on Wednesday, September 9. Atlantic Securities upgraded the shares of GS in report on Friday, April 21 to “Overweight” rating. Oppenheimer maintained The Goldman Sachs Group, Inc. (NYSE:GS) on Tuesday, July 18 with “Buy” rating.

Since January 18, 2018, it had 0 insider purchases, and 7 selling transactions for $22.06 million activity. Another trade for 11,829 shares valued at $3.07 million was sold by CHAVEZ R. MARTIN. $1.78 million worth of stock was sold by LEE BRIAN J on Wednesday, February 21. The insider SOLOMON DAVID M sold 21,252 shares worth $5.77 million. $2.70M worth of The Goldman Sachs Group, Inc. (NYSE:GS) shares were sold by SALAME PABLO J. VINIAR DAVID A sold $4.40 million worth of stock or 17,500 shares. ROGERS JOHN F.W. sold 4,400 shares worth $1.17 million.

Investors sentiment increased to 0.99 in 2017 Q4. Its up 0.24, from 0.75 in 2017Q3. It improved, as 60 investors sold GS shares while 371 reduced holdings. 106 funds opened positions while 322 raised stakes. 268.85 million shares or 1.06% less from 271.74 million shares in 2017Q3 were reported. Highland Cap Mgmt Ltd Com owns 32,078 shares. Rampart Invest Mgmt Communications Limited Liability Corporation has invested 0.48% in The Goldman Sachs Group, Inc. (NYSE:GS). Mufg Americas Holdg Corporation reported 48,325 shares or 0.37% of all its holdings. Northeast stated it has 1.37% in The Goldman Sachs Group, Inc. (NYSE:GS). Nj State Employees Deferred Compensation Plan accumulated 15,000 shares or 0.66% of the stock. Field Main Bank accumulated 5,298 shares. Moreover, First Allied Advisory Serv Incorporated has 0.14% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Whalerock Point Prtn Ltd Liability Corp reported 0.16% in The Goldman Sachs Group, Inc. (NYSE:GS). Drw Lc has invested 0.13% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). Sumitomo Mitsui Tru stated it has 1.22M shares or 0.4% of all its holdings. Kentucky Retirement System Ins Fund reported 0.4% in The Goldman Sachs Group, Inc. (NYSE:GS). 7,617 were accumulated by Fdx Inc. Fjarde Ap reported 0.4% stake. Valmark Advisers invested in 0% or 902 shares. Teewinot Advisers Limited Liability Corp has 16,327 shares for 1.75% of their portfolio.

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on May, 7. They expect $6.11 EPS, up 30.84% or $1.44 from last year’s $4.67 per share. CACC’s profit will be $118.59 million for 13.57 P/E if the $6.11 EPS becomes a reality. After $5.16 actual EPS reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts 18.41% EPS growth.

Among 12 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 1 have Buy rating, 6 Sell and 5 Hold. Therefore 8% are positive. Credit Acceptance Corp had 30 analyst reports since July 31, 2015 according to SRatingsIntel. Oppenheimer initiated Credit Acceptance Corporation (NASDAQ:CACC) rating on Monday, January 8. Oppenheimer has “Buy” rating and $355.0 target. The firm earned “Sell” rating on Tuesday, January 2 by Stephens. The rating was maintained by BMO Capital Markets on Tuesday, October 31 with “Market Perform”. The stock has “Hold” rating by BMO Capital Markets on Friday, October 6. The rating was maintained by Jefferies on Thursday, September 7 with “Hold”. Raymond James upgraded the stock to “Hold” rating in Tuesday, August 1 report. The firm earned “Market Underperform” rating on Wednesday, March 16 by JMP Securities. The rating was maintained by BMO Capital Markets on Tuesday, August 1 with “Market Perform”. As per Wednesday, August 26, the company rating was upgraded by JMP Securities. The firm has “Hold” rating given on Wednesday, January 10 by Jefferies.

The Goldman Sachs Group, Inc. (NYSE:GS) Institutional Positions Chart

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