3M Company (MMM) Holder Blue Bell Private Wealth Management Has Lowered Its Stake by $578,550 as Market Value Rose; As Goldman Sachs Group (GS) Shares Declined, Holder Kamunting Street Capital Management LP Has Lowered Its Holding by $2.37 Million

December 22, 2017 - By Vivian Park

Allan Teh decreased its stake in Goldman Sachs Group Inc (GS) by 66.67% based on its latest 2017Q3 regulatory filing with the SEC. Kamunting Street Capital Management Lp sold 10,000 shares as the company’s stock declined 13.97% while stock markets rallied. The hedge fund run by Allan Teh held 5,000 shares of the finance company at the end of 2017Q3, valued at $1.19M, down from 15,000 at the end of the previous reported quarter. Kamunting Street Capital Management Lp who had been investing in Goldman Sachs Group Inc for a number of months, seems to be less bullish one the $98.45B market cap company. The stock increased 2.28% or $5.83 during the last trading session, reaching $261.01. About 3.34M shares traded or 24.73% up from the average. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 39.23% since December 22, 2016 and is uptrending. It has outperformed by 22.53% the S&P500.

Blue Bell Private Wealth Management Llc decreased its stake in 3M Company (MMM) by 82.73% based on its latest 2017Q3 regulatory filing with the SEC. Blue Bell Private Wealth Management Llc sold 2,755 shares as the company’s stock rose 7.02% with the market. The institutional investor held 575 shares of the medical and dental instruments company at the end of 2017Q3, valued at $121,000, down from 3,330 at the end of the previous reported quarter. Blue Bell Private Wealth Management Llc who had been investing in 3M Company for a number of months, seems to be less bullish one the $139.84B market cap company. The stock decreased 0.90% or $2.14 during the last trading session, reaching $234.78. About 2.24M shares traded or 15.65% up from the average. 3M Company (NYSE:MMM) has risen 18.59% since December 22, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

Investors sentiment decreased to 0.75 in 2017 Q3. Its down 0.33, from 1.08 in 2017Q2. It dived, 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. Sii Investments Inc Wi has invested 0.09% in The Goldman Sachs Group, Inc. (NYSE:GS). Iberiabank Corp owns 4,680 shares. Neuberger Berman Grp Ltd Liability holds 0.69% or 2.34M shares. Geller Family Office Limited Liability Corporation accumulated 0.11% or 947 shares. Moreover, Banque Pictet And Cie has 0.69% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Westend Advsrs Llc reported 216,122 shares. Comerica Bancorp reported 0.18% in The Goldman Sachs Group, Inc. (NYSE:GS). Columbia Prtn L L C Investment Management stated it has 0.43% in The Goldman Sachs Group, Inc. (NYSE:GS). Channing Mngmt Limited Liability Com owns 35,718 shares or 0.32% of their US portfolio. Dsc Lp reported 6.21% in The Goldman Sachs Group, Inc. (NYSE:GS). Sumitomo Mitsui holds 0.39% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS) for 1.16 million shares. 968 are owned by Manchester Mgmt Ltd. Rockshelter Capital Mngmt Limited Liability Company holds 3.76% or 50,013 shares in its portfolio. Continental Advisors Limited Liability Com holds 2.34% or 43,050 shares in its portfolio. Scotia Cap invested in 0.06% or 17,912 shares.

Kamunting Street Capital Management Lp, which manages about $1.38 billion and $158.28 million US Long portfolio, upped its stake in Hi (NYSE:HCLP) by 48,000 shares to 83,000 shares, valued at $789,000 in 2017Q3, according to the filing.

Since August 1, 2017, it had 0 insider purchases, and 6 sales for $15.08 million activity. $1.19 million worth of The Goldman Sachs Group, Inc. (NYSE:GS) was sold by GNODDE RICHARD J. SCHWARTZ HARVEY M had sold 25,000 shares worth $6.13M. VINIAR DAVID A sold $1.81M worth of stock. On Monday, August 7 the insider SOLOMON DAVID M sold $754,997.

Analysts await The Goldman Sachs Group, Inc. (NYSE:GS) to report earnings on January, 17 before the open. They expect $5.10 earnings per share, up 0.39% or $0.02 from last year’s $5.08 per share. GS’s profit will be $1.92B for 12.79 P/E if the $5.10 EPS becomes a reality. After $5.02 actual earnings per share reported by The Goldman Sachs Group, Inc. for the previous quarter, Wall Street now forecasts 1.59% EPS growth.

Among 29 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 12 have Buy rating, 2 Sell and 15 Hold. Therefore 41% are positive. Goldman Sachs Group Inc. had 86 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, July 18 the stock rating was maintained by Oppenheimer with “Buy”. The company was upgraded on Wednesday, April 19 by Citigroup. BMO Capital Markets maintained it with “Hold” rating and $202.0 target in Friday, October 6 report. As per Wednesday, August 12, the company rating was maintained by Deutsche Bank. The company was upgraded on Wednesday, September 9 by Bank of America. The stock has “Buy” rating by Citigroup on Monday, October 12. Wells Fargo maintained The Goldman Sachs Group, Inc. (NYSE:GS) on Thursday, August 10 with “Outperform” rating. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) earned “Hold” rating by Zacks on Tuesday, September 22. The company was initiated on Wednesday, July 13 by Berenberg. The rating was maintained by RBC Capital Markets on Monday, November 13 with “Hold”.

Blue Bell Private Wealth Management Llc, which manages about $245.45 million and $209.35M US Long portfolio, upped its stake in Herzfeld Caribbn Basn Fd (CUBA) by 51,012 shares to 82,835 shares, valued at $601,000 in 2017Q3, according to the filing. It also increased its holding in Schwab U.S. Large (SCHX) by 30,230 shares in the quarter, for a total of 201,992 shares, and has risen its stake in Liberty All Star Eq Fd (USA).

Since August 11, 2017, it had 0 insider buys, and 8 insider sales for $5.40 million activity. 1,428 shares valued at $295,106 were sold by Hammes Eric D. on Thursday, August 17. On Tuesday, October 31 Lindekugel Jon T sold $92,023 worth of 3M Company (NYSE:MMM) or 400 shares. The insider Keel Paul A sold 4,965 shares worth $1.02 million. Another trade for 2,348 shares valued at $547,377 was made by Fong Ivan K on Friday, October 27. Another trade for 6,823 shares valued at $1.59M was sold by THULIN INGE G. On Friday, October 27 the insider Gangestad Nicholas C sold $936,291.

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 23. They expect $2.02 earnings per share, up 7.45% or $0.14 from last year’s $1.88 per share. MMM’s profit will be $1.20 billion for 29.06 P/E if the $2.02 EPS becomes a reality. After $2.33 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts -13.30% negative EPS growth.

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