Investors Sell Shares of Goldman Sachs Group Inc. (GS) on Strength (GS)
Traders sold shares of Goldman Sachs Group Inc. (NYSE:GS) on strength during trading hours on Monday. $71.37 million flowed into the stock on the tick-up and $99.36 million flowed out of the stock on the tick-down, for a money net flow of $27.99 million out of the stock. Of all stocks tracked, Goldman Sachs Group had the 0th highest net out-flow for the day. Goldman Sachs Group traded up $0.90 for the day and closed at $166.87
A number of research analysts have recently weighed in on the company. Vetr raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $153.68 price target on the stock in a research note on Tuesday, July 5th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $214.00 price target (down previously from $243.00) on shares of Goldman Sachs Group in a research note on Wednesday, July 6th. Societe Generale set a $120.00 price target on Goldman Sachs Group and gave the company a “sell” rating in a research note on Friday, May 6th. Berenberg Bank assumed coverage on Goldman Sachs Group in a research note on Wednesday, July 13th. They issued a “hold” rating and a $140.00 price target on the stock. Finally, Citigroup Inc. reissued a “buy” rating on shares of Goldman Sachs Group in a research note on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $180.26.
The stock has a market capitalization of $70.88 billion and a price-to-earnings ratio of 15.76. The stock’s 50 day moving average is $162.06 and its 200 day moving average is $156.32.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, July 19th. The investment management company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.72. The firm earned $7.93 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same quarter in the previous year, the firm earned $1.98 EPS. Analysts predict that Goldman Sachs Group Inc. will post $14.30 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.56%.
An institutional investor recently raised its position in Goldman Sachs Group stock. I.G. Investment Management LTD. increased its stake in shares of Goldman Sachs Group Inc. (NYSE:GS) by 105.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,175 shares of the investment management company’s stock after buying an additional 13,405 shares during the period. I.G. Investment Management LTD.’s holdings in Goldman Sachs Group were worth $4,718,000 at the end of the most recent reporting period.
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.
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