Bridges Investment Management Has Lowered By $1.02 Million Its Goldman Sachs Group (GS) Stake; Lakeland Financial (LKFN)’s Sentiment Is 0.78

Bridges Investment Management Inc decreased Goldman Sachs Group Inc (GS) stake by 43.56% reported in 2017Q3 SEC filing. Bridges Investment Management Inc sold 4,313 shares as Goldman Sachs Group Inc (GS)’s stock declined 13.97%. The Bridges Investment Management Inc holds 5,589 shares with $1.33M value, down from 9,902 last quarter. Goldman Sachs Group Inc now has $102.47 billion valuation. The stock increased 0.96% or $2.61 during the last trading session, reaching $273.38. About 3.07 million shares traded. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 39.23% since March 13, 2017 and is uptrending. It has outperformed by 22.53% the S&P500.

Lakeland Financial Corporation operates as the bank holding firm for Lake City Bank that provides various financial services in Indiana. The company has market cap of $1.23 billion. The firm offers various deposit products, including noninterest bearing deposits; interest-bearing checking, savings, and money market deposits; and NOW and demand deposits. It has a 21.79 P/E ratio. It also provides commercial and industrial loans, commercial real estate and multi-family residential loans, agri-business and agricultural loans, and other commercial loans; and consumer 1-4 family mortgage loans and other consumer loans.

Investors sentiment increased to 0.99 in Q3 2017. Its up 0.24, from 0.75 in 2017Q2. It improved, 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. First Republic Invest Mgmt owns 246,392 shares. Cadence Cap Ltd Llc invested in 9,218 shares. Davis stated it has 1.99% in The Goldman Sachs Group, Inc. (NYSE:GS). Thomas J Herzfeld Advisors owns 700 shares. Stephens Inc Ar owns 8,898 shares. Quantitative Invest Management Ltd Liability Company reported 324,100 shares or 0.88% of all its holdings. Security Trust Co accumulated 3,717 shares. Ashfield Capital Prtn Limited Company holds 0.03% or 952 shares in its portfolio. Obermeyer Wood Counsel Lllp invested 4.12% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). Bbva Compass National Bank has 0.14% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 9,150 shares. Wellington Mngmt Group Ltd Liability Partnership accumulated 3.22M shares. First Quadrant Limited Partnership Ca has invested 0.03% in The Goldman Sachs Group, Inc. (NYSE:GS). Fulton Bancshares Na reported 8,534 shares or 0.15% of all its holdings. Appleton Ma has 1.1% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 27,554 shares. Douglass Winthrop Advsrs Ltd Co stated it has 0.1% in The Goldman Sachs Group, Inc. (NYSE:GS).

Bridges Investment Management Inc increased Boeing Co Com (NYSE:BA) stake by 11,326 shares to 24,880 valued at $6.32 million in 2017Q3. It also upped Leggett & Platt Inc Com (NYSE:LEG) stake by 12,786 shares and now owns 22,261 shares. Comcast Corp Cl A (NASDAQ:CMCSA) was raised too.

Among 30 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 13 have Buy rating, 1 Sell and 16 Hold. Therefore 43% are positive. Goldman Sachs Group Inc. has $320 highest and $140 lowest target. $247.61’s average target is -9.43% below currents $273.38 stock price. Goldman Sachs Group Inc. had 97 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, January 3, the company rating was maintained by Barclays Capital. As per Thursday, November 10, the company rating was maintained by Rafferty. The company was downgraded on Tuesday, November 29 by Nomura. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Hold” rating given on Monday, November 13 by RBC Capital Markets. UBS downgraded the shares of GS in report on Monday, July 24 to “Neutral” rating. As per Friday, January 6, the company rating was maintained by UBS. The firm earned “Neutral” rating on Tuesday, November 29 by Instinet. As per Monday, August 31, the company rating was upgraded by Evercore. The firm earned “Sector Perform” rating on Wednesday, July 20 by RBC Capital Markets.

Since October 18, 2017, it had 0 buys, and 10 selling transactions for $31.19 million activity. Shares for $5.77M were sold by SOLOMON DAVID M. Shares for $6.13 million were sold by SCHWARTZ HARVEY M on Friday, October 20. On Wednesday, January 31 CHAVEZ R. MARTIN sold $3.18M worth of The Goldman Sachs Group, Inc. (NYSE:GS) or 11,829 shares. 4,951 shares were sold by GNODDE RICHARD J, worth $1.19M on Wednesday, October 18. 4,400 shares were sold by ROGERS JOHN F.W., worth $1.17 million. $4.40 million worth of The Goldman Sachs Group, Inc. (NYSE:GS) was sold by VINIAR DAVID A. Shares for $1.78M were sold by LEE BRIAN J.

Analysts await The Goldman Sachs Group, Inc. (NYSE:GS) to report earnings on April, 17. They expect $5.41 earnings per share, up 5.05% or $0.26 from last year’s $5.15 per share. GS’s profit will be $2.03 billion for 12.63 P/E if the $5.41 EPS becomes a reality. After $5.68 actual earnings per share reported by The Goldman Sachs Group, Inc. for the previous quarter, Wall Street now forecasts -4.75% negative EPS growth.

Analysts await Lakeland Financial Corporation (NASDAQ:LKFN) to report earnings on April, 24. They expect $0.70 earnings per share, up 22.81% or $0.13 from last year’s $0.57 per share. LKFN’s profit will be $17.71M for 17.35 P/E if the $0.70 EPS becomes a reality. After $0.61 actual earnings per share reported by Lakeland Financial Corporation for the previous quarter, Wall Street now forecasts 14.75% EPS growth.

The stock decreased 0.23% or $0.11 during the last trading session, reaching $48.59. About 45,492 shares traded. Lakeland Financial Corporation (LKFN) has risen 35.39% since March 13, 2017 and is uptrending. It has outperformed by 18.69% the S&P500.

Monarch Capital Management Inc holds 3.72% of its portfolio in Lakeland Financial Corporation for 204,952 shares. Neumeier Poma Investment Counsel Llc owns 417,180 shares or 2.12% of their US portfolio. Moreover, Walthausen & Co. Llc has 1.16% invested in the company for 255,691 shares. The Texas-based Vaughan Nelson Investment Management L.P. has invested 0.5% in the stock. 1St Source Bank, a Indiana-based fund reported 121,760 shares.