Monday, 30 April 2018

As Goldman (GS) Stock Value Declined, Chemung Canal Trust Company Has Upped Holding by $526,034; Provise Management Group Has Increased Stake in Lowes Cos (LOW) as Market Valuation Declined

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

Chemung Canal Trust Company increased its stake in Goldman (GS) by 20.27% based on its latest 2017Q4 regulatory filing with the SEC. Chemung Canal Trust Company bought 2,071 shares as the company’s stock declined 4.52% with the market. The institutional investor held 12,287 shares of the finance company at the end of 2017Q4, valued at $3.13M, up from 10,216 at the end of the previous reported quarter. Chemung Canal Trust Company who had been investing in Goldman for a number of months, seems to be bullish on the $92.95B market cap company. The stock decreased 0.12% or $0.29 during the last trading session, reaching $239.8. About 2.14M shares traded. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 9.66% since April 29, 2017 and is uptrending. It has underperformed by 1.89% the S&P500.

Provise Management Group Llc increased its stake in Lowes Cos Inc (LOW) by 9.71% based on its latest 2017Q4 regulatory filing with the SEC. Provise Management Group Llc bought 5,771 shares as the company’s stock declined 5.74% with the market. The institutional investor held 65,226 shares of the consumer services company at the end of 2017Q4, valued at $6.06M, up from 59,455 at the end of the previous reported quarter. Provise Management Group Llc who had been investing in Lowes Cos Inc for a number of months, seems to be bullish on the $69.36B market cap company. The stock increased 0.86% or $0.72 during the last trading session, reaching $84. About 3.99M shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.39% since April 29, 2017 and is uptrending. It has underperformed by 6.16% the S&P500.

Investors sentiment decreased to 1.01 in Q4 2017. Its down 0.03, from 1.04 in 2017Q3. It dropped, as 48 investors sold LOW shares while 437 reduced holdings. 138 funds opened positions while 351 raised stakes. 585.84 million shares or 0.67% less from 589.78 million shares in 2017Q3 were reported. Pioneer Trust State Bank N A Or has 1.46% invested in Lowe's Companies, Inc. (NYSE:LOW) for 32,093 shares. Alpha Windward Limited Liability Com invested 0.15% in Lowe's Companies, Inc. (NYSE:LOW). Aqr Cap Mngmt Limited Liability Corp owns 0.29% invested in Lowe's Companies, Inc. (NYSE:LOW) for 3.02M shares. 74,493 are held by Commonwealth Of Pennsylvania School Empls Retrmt Sys. Jaffetilchin Investment Prtnrs Limited Company has 0.45% invested in Lowe's Companies, Inc. (NYSE:LOW) for 14,401 shares. Beese Fulmer Invest stated it has 77,722 shares or 1.55% of all its holdings. Benin invested in 11,944 shares or 0.45% of the stock. Linscomb And Williams invested in 3,666 shares. Amundi Pioneer Asset Mgmt reported 3.49 million shares or 0.5% of all its holdings. Greenwood Gearhart holds 1.58% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW) for 53,210 shares. 36 were accumulated by Ruggie Cap Group. Fagan Inc reported 63,960 shares. Cubist Systematic Strategies Limited Liability Corp holds 0.09% or 17,271 shares. 75,869 were accumulated by Tudor Inv Et Al. Alpine Woods Cap Invsts Limited Liability reported 116,900 shares.

Among 36 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 23 have Buy rating, 0 Sell and 13 Hold. Therefore 64% are positive. Lowe’s Companies Inc. had 98 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Neutral” rating given on Thursday, October 6 by Cleveland. Jefferies maintained the shares of LOW in report on Friday, November 10 with “Hold” rating. The company was maintained on Tuesday, January 30 by Guggenheim. The firm has “Buy” rating by Oppenheimer given on Wednesday, August 23. The rating was downgraded by Telsey Advisory Group on Thursday, November 17 to “Market Perform”. Jefferies maintained the shares of LOW in report on Friday, May 13 with “Hold” rating. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, July 5. Jefferies maintained Lowe's Companies, Inc. (NYSE:LOW) rating on Thursday, July 20. Jefferies has “Hold” rating and $8900 target. RBC Capital Markets maintained Lowe's Companies, Inc. (NYSE:LOW) on Tuesday, November 7 with “Buy” rating. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Buy” rating by Robert W. Baird on Tuesday, October 31.

Provise Management Group Llc, which manages about $1.14 billion and $697.04 million US Long portfolio, decreased its stake in Emerson Elec Co (NYSE:EMR) by 5,483 shares to 145,811 shares, valued at $10.16M in 2017Q4, according to the filing. It also reduced its holding in Jpmorgan Chase & Co (NYSE:JPM) by 5,658 shares in the quarter, leaving it with 31,153 shares, and cut its stake in Amazon Com Inc (NASDAQ:AMZN).

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. Barclays Capital maintained the shares of GS in report on Thursday, January 18 with “Hold” rating. Keefe Bruyette & Woods maintained The Goldman Sachs Group, Inc. (NYSE:GS) on Tuesday, April 17 with “Hold” rating. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) earned “Outperform” rating by Wood on Friday, April 7. The firm has “Buy” rating given on Wednesday, September 9 by Bank of America. As per Tuesday, January 10, the company rating was downgraded by Citigroup. The firm has “Overweight” rating by Morgan Stanley given on Thursday, March 15. Oppenheimer maintained The Goldman Sachs Group, Inc. (NYSE:GS) rating on Friday, January 29. Oppenheimer has “Outperform” rating and $239 target. Keefe Bruyette & Woods maintained The Goldman Sachs Group, Inc. (NYSE:GS) rating on Tuesday, September 26. Keefe Bruyette & Woods has “Hold” rating and $230.0 target. As per Tuesday, October 17, the company rating was maintained by BMO Capital Markets. Instinet downgraded The Goldman Sachs Group, Inc. (NYSE:GS) on Tuesday, November 29 to “Neutral” rating.

Chemung Canal Trust Company, which manages about $457.90M US Long portfolio, decreased its stake in Amgen (NASDAQ:AMGN) by 2,770 shares to 6,312 shares, valued at $1.10 million in 2017Q4, according to the filing. It also reduced its holding in Powershares (QQQ) by 9,759 shares in the quarter, leaving it with 32,352 shares, and cut its stake in Boeing (NYSE:BA).

Lowe's Companies, Inc. (NYSE:LOW) Institutional Positions Chart

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