Goldman Sachs Group (
GS) pushed the Financial Services industry lower today making it today's featured Financial Services loser. The industry as a whole closed the day up 0.5%. By the end of trading, Goldman Sachs Group fell $1.47 (-1.5%) to $96.51 on average volume. Throughout the day, 4.4 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 5.2 million shares. The stock ranged in price between $96.18-$97.81 after having opened the day at $97.33 as compared to the previous trading day's close of $97.98. Other company's within the Financial Services industry that declined today were:
Knight Capital Group (
KCG), down 11.1%,
Penson Worldwide (
PNSN), down 6.1%,
Interactive Brokers Group (
IBKR), down 4.2%, and
Ladenburg Thalman Financial Services (
LTS), down 3.7%.
The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as a range of financial services to corporations, financial institutions, governments and high-net-worth individuals worldwide. Goldman Sachs Group has a market cap of $47.92 billion and is part of the
financial sector. The company has a P/E ratio of 14.2, above the average financial services industry P/E ratio of 14 and below the S&P 500 P/E ratio of 17.7. Shares are up 8% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate Goldman Sachs Group a buy, one analyst rates it a sell, and 12 rate it a hold.
TheStreet Ratings rates Goldman Sachs Group as a
hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, growth in earnings per share and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and a generally disappointing performance in the stock itself.
On the positive front,
Ampal-American Israel Corporation (
AMPL), up 16.4%,
Security National Financial Corporation (
SNFCA), up 9.8%,
Teucrium Agricultural Fund (
TAGS), up 9.6%, and
Direct Markets Holdings (
MKTS), up 8.5%, were all gainers within the financial services industry with
Ameriprise Financial (
AMP) being today's featured financial services industry winner.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider
Financial Select Sector SPDR (
XLF) while those bearish on the financial services industry could consider
Proshares Short Financials (
SEF).
