This article first appeared on GuruFocus.
ETF flows have leaned toward selling Goldman Sachs for a second straight session, and on Monday the net outflow reached $41.0 million. More funds traded the other way, with 20 ETFs buying versus 16 selling, but the sellers moved larger amounts. The two-day selling streak follows a $3.5 million net outflow on Oct. 16 and a $18.9 million net inflow on Oct. 15. Earlier in the stretch, ETFs sold $8.1 million on Oct. 14 and $22.7 million on Oct. 13.
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Every ETF and guru trade in GS is tracked on the GS guru trades page.
Which ETFs sold GS on Monday?
The largest sellers by dollar value were DIA ($23.4 million), XLF ($14.6 million) and KBWB ($3.5 million). In all, 20 ETFs added shares and 16 cut them.
DIA accounted for the largest share of the move, cutting 26,703 shares for a $23.4 million reduction, equal to a 0.52% stake change at a 10.02% weight. XLF trimmed 16,686 shares worth $14.6 million, and KBWB reduced 3,996 shares for $3.5 million. Smaller reductions came from SPY, IVV, RSP, UDOW and DFUS. Goldman Sachs operates in the Financial Services sector within the Capital Markets industry and carries a market cap of $257.6 billion.
Have ETFs been buying or selling GS lately?
Over the last 5 reported days, ETFs were net buyers on 1 and net sellers on 4, so the recent trend is mostly selling.
What does GS do?
Goldman Sachs is a leading global financial institution delivering a broad range of financial services to corporations, financial institutions, governments, and individuals. It manages its activities in three segments.
Goldman Sachs reported trailing-12-month revenue of $65.21 billion, up 26.2% over the past year, with a net margin of 34.0%. Its valuation stands at a P/E of 12.72, a P/B of 2.37 and a P/S of 4.16. The stock has a GF Score of 86, and its GF Value of $860.40 compares with a price of $884.81. It offers a dividend yield of 2.09% and has returned 2.13% year to date.