Investors sold shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) on strength during trading hours on Wednesday. $19.70 million flowed into the stock on the tick-up and $36.27 million flowed out of the stock on the tick-down, for a money net flow of $16.57 million out of the stock. Of all stocks tracked, Goldman Sachs Group, Inc. (The) had the 0th highest net out-flow for the day. Goldman Sachs Group, Inc. (The) traded up $2.59 for the day and closed at $220.37

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada reiterated a “hold” rating and issued a $240.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Thursday, August 31st. Zacks Investment Research upgraded Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. HSBC Holdings plc downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and upped their target price for the company from $223.80 to $250.00 in a report on Friday, August 11th. Wells Fargo & Company assumed coverage on Goldman Sachs Group, Inc. (The) in a report on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 target price on the stock. Finally, BidaskClub upgraded Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Goldman Sachs Group, Inc. (The) has an average rating of “Hold” and an average target price of $235.44.

The firm has a market capitalization of $83.79 billion, a P/E ratio of 11.32 and a beta of 1.42. The firm’s 50 day moving average is $223.69 and its 200-day moving average is $227.36. Goldman Sachs Group, Inc. (The) also saw unusually large options trading on Tuesday. Stock investors bought 16,725 put options on the stock. This represents an increase of 104% compared to the average daily volume of 8,184 put options.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The company had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. During the same period in the previous year, the company posted $3.72 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts anticipate that Goldman Sachs Group, Inc. will post $18.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.39%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.

In related news, insider David M. Solomon sold 3,260 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $231.59, for a total value of $754,983.40. Following the completion of the sale, the insider now directly owns 177,594 shares in the company, valued at approximately $41,128,994.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Viniar sold 4,590 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total value of $1,045,556.10. Following the completion of the sale, the director now owns 854,925 shares of the company’s stock, valued at $194,743,365.75. The disclosure for this sale can be found here. Insiders have sold a total of 25,535 shares of company stock valued at $5,956,868 over the last quarter. 2.57% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GS. BlackRock Inc. boosted its stake in Goldman Sachs Group, Inc. (The) by 3,301.2% in the 1st quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after purchasing an additional 23,847,154 shares during the period. Janus Henderson Group PLC boosted its stake in Goldman Sachs Group, Inc. (The) by 4,096.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after purchasing an additional 2,416,970 shares during the period. New England Asset Management Inc. boosted its stake in Goldman Sachs Group, Inc. (The) by 440.8% in the 1st quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock valued at $535,492,000 after purchasing an additional 1,900,000 shares during the period. Alliancebernstein L.P. boosted its stake in Goldman Sachs Group, Inc. (The) by 84.4% in the 1st quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company’s stock valued at $739,978,000 after purchasing an additional 1,474,433 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Goldman Sachs Group, Inc. (The) by 47.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after purchasing an additional 1,152,869 shares during the period. Institutional investors and hedge funds own 73.38% of the company’s stock.

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Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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