Investors sold shares of Goldman Sachs Group Inc. (NYSE:GS) on strength during trading on Monday. $71.23 million flowed into the stock on the tick-up and $100.90 million flowed out of the stock on the tick-down, for a money net flow of $29.67 million out of the stock. Of all companies tracked, Goldman Sachs Group had the 0th highest net out-flow for the day. Goldman Sachs Group traded up $0.74 for the day and closed at $162.83

Several research analysts have recently issued reports on the company. Vetr raised Goldman Sachs Group from a “buy” rating to a “strong-buy” rating and set a $178.94 price target for the company in a research note on Thursday, May 5th. Deutsche Bank AG reiterated a “hold” rating on shares of Goldman Sachs Group in a research report on Saturday, June 4th. Wells Fargo & Co. reiterated a “hold” rating on shares of Goldman Sachs Group in a research report on Saturday, July 9th. Berenberg Bank initiated coverage on Goldman Sachs Group in a research report on Wednesday, July 13th. They set a “hold” rating and a $140.00 price objective for the company. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $214.00 price objective (down previously from $243.00) on shares of Goldman Sachs Group in a research report on Wednesday, July 6th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $179.66.

The stock has a market capitalization of $69.43 billion and a price-to-earnings ratio of 15.44. The firm’s 50 day moving average price is $154.46 and its 200 day moving average price is $155.01.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, July 19th. The investment management company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.72. During the same period in the previous year, the company earned $1.98 earnings per share. The firm earned $7.93 billion during the quarter, compared to analyst estimates of $7.58 billion. Analysts predict that Goldman Sachs Group Inc. will post $14.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 1st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, August 30th.

Other hedge funds and institutional investors have recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position 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 valued at $1,062,000 after buying an additional 210 shares during the last quarter. Agran Libbie raised its position in shares of Goldman Sachs Group by 1.2% in the fourth quarter. Agran Libbie now owns 30,291 shares of the investment management company’s stock valued at $5,459,000 after buying an additional 350 shares during the last quarter. Carleon Capital Partners LLC purchased a new position in shares of Goldman Sachs Group during the fourth quarter valued at $5,479,000. Advantus Capital Management Inc raised its position in shares of Goldman Sachs Group by 0.3% in the fourth quarter. Advantus Capital Management Inc now owns 37,932 shares of the investment management company’s stock valued at $6,836,000 after buying an additional 102 shares during the last quarter. Finally, Courier Capital Corp raised its position 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 valued at $1,048,000 after buying an additional 170 shares during the last quarter.

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.