Traders sold shares of Goldman Sachs Group Inc. (NYSE:GS) on strength during trading on Wednesday. $135.21 million flowed into the stock on the tick-up and $158.48 million flowed out of the stock on the tick-down, for a money net flow of $23.27 million out of the stock. Of all equities tracked, Goldman Sachs Group had the 0th highest net out-flow for the day. Goldman Sachs Group traded up $1.00 for the day and closed at $157.92

A number of research firms recently weighed in on GS. JMP Securities reissued a “market perform” rating on shares of Goldman Sachs Group in a report on Tuesday, April 19th. Nomura Holdings Inc. decreased their target price on Goldman Sachs Group from $206.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, April 20th. Zacks Investment Research raised Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 5th. Vetr lowered Goldman Sachs Group from a “buy” rating to a “hold” rating and set a $164.40 target price on the stock. in a report on Monday, April 4th. Finally, Societe Generale set a $120.00 target price on Goldman Sachs Group and gave the stock a “sell” rating in a report on Friday, May 6th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $178.89.

The company has a market capitalization of $69.04 billion and a P/E ratio of 17.86. The firm’s 50 day moving average is $151.03 and its 200 day moving average is $155.84.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, April 19th. The investment management company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.23. The firm had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter last year, the company posted $5.94 EPS. The firm’s revenue was down 40.3% on a year-over-year basis. Equities analysts expect that Goldman Sachs Group Inc. will post $13.61 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 1st were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, May 27th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.65%.

In other Goldman Sachs Group news, insider Sarah G. Smith sold 2,664 shares of the company’s stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $162.00, for a total transaction of $431,568.00. Following the transaction, the insider now owns 13,075 shares in the company, valued at approximately $2,118,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds recently modified their holdings of the company. Pitcairn Co. boosted its stake in shares of Goldman Sachs Group by 3.3% in the fourth quarter. Pitcairn Co. now owns 5,573 shares of the investment management company’s stock worth $1,005,000 after buying an additional 177 shares in the last quarter. Essex Financial Services Inc. boosted its stake in shares of Goldman Sachs Group by 15.6% in the fourth quarter. Essex Financial Services Inc. now owns 5,653 shares of the investment management company’s stock worth $1,019,000 after buying an additional 763 shares in the last quarter. Courier Capital Corp boosted its stake in shares of Goldman Sachs Group by 3.0% in the fourth quarter. Courier Capital Corp now owns 5,815 shares of the investment management company’s stock worth $1,048,000 after buying an additional 170 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Goldman Sachs Group by 3.7% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 5,891 shares of the investment management company’s stock worth $1,062,000 after buying an additional 210 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Goldman Sachs Group by 2,755.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,738 shares of the investment management company’s stock worth $1,214,000 after buying an additional 6,502 shares in the last quarter.

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company is a global investment banking, securities and investment management company that provides a range of financial services to a diversified client base that include corporations, financial institutions, Governments and individuals.

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