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 on Tuesday. $81.60 million flowed into the stock on the tick-up and $118.55 million flowed out of the stock on the tick-down, for a money net flow of $36.95 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 $0.10 for the day and closed at $165.65
A number of equities research analysts have recently weighed in on the company. Deutsche Bank AG reiterated a “hold” rating on shares of Goldman Sachs Group in a report on Sunday, June 26th. Vetr upgraded Goldman Sachs Group from a “buy” rating to a “strong-buy” rating and set a $178.94 price target for the company in a report on Thursday, May 5th. Wells Fargo & Co. restated a “hold” rating on shares of Goldman Sachs Group in a research note on Saturday, July 9th. Berenberg Bank assumed coverage on Goldman Sachs Group in a research note on Wednesday, July 13th. They set a “hold” rating and a $140.00 price objective for the company. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $214.00 price objective (down from $243.00) on shares of Goldman Sachs Group in a research note on Wednesday, July 6th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $180.26.
The firm has a market cap of $70.63 billion and a PE ratio of 15.70. The firm’s 50-day moving average is $157.48 and its 200-day moving average is $155.37.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, July 19th. The investment management company reported $3.72 EPS for the quarter, beating the Thomson Reuters’ 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 period last year, the business posted $1.98 earnings per share. On average, equities research analysts predict that Goldman Sachs Group Inc. will post $14.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 1st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.57%.
Other large investors have recently added to or reduced their stakes in the company. Farr Miller & Washington LLC DC boosted its stake in Goldman Sachs Group by 0.5% in the fourth quarter. Farr Miller & Washington LLC DC now owns 109,224 shares of the investment management company’s stock valued at $19,685,000 after buying an additional 501 shares during the period. Autus Asset Management LLC raised its position in Goldman Sachs Group by 7.7% in the fourth quarter. Autus Asset Management LLC now owns 9,393 shares of the investment management company’s stock valued at $1,693,000 after buying an additional 670 shares in the last quarter. Utah Retirement Systems raised its position in Goldman Sachs Group by 0.3% in the fourth quarter. Utah Retirement Systems now owns 77,588 shares of the investment management company’s stock valued at $13,984,000 after buying an additional 200 shares in the last quarter. KBC Group NV raised its position in Goldman Sachs Group by 29.4% in the fourth quarter. KBC Group NV now owns 83,824 shares of the investment management company’s stock valued at $15,108,000 after buying an additional 19,061 shares in the last quarter. Finally, Affinity Investment Advisors LLC raised its position in Goldman Sachs Group by 1.1% in the fourth quarter. Affinity Investment Advisors LLC now owns 124,062 shares of the investment management company’s stock valued at $22,360,000 after buying an additional 1,335 shares in 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.