Investors purchased shares of Goldman Sachs Group Inc (NYSE:GS) on weakness during trading on Monday. $214.71 million flowed into the stock on the tick-up and $111.85 million flowed out of the stock on the tick-down, for a money net flow of $102.86 million into the stock. Of all stocks tracked, Goldman Sachs Group had the 7th highest net in-flow for the day. Goldman Sachs Group traded down ($5.36) for the day and closed at $221.60
GS has been the subject of several research analyst reports. JPMorgan Chase & Co. restated a “buy” rating and set a $285.00 price target on shares of Goldman Sachs Group in a research report on Monday, September 10th. Credit Suisse Group upgraded shares of Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 17th. Keefe, Bruyette & Woods reduced their price target on shares of Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating for the company in a research report on Wednesday, July 18th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $259.00 price objective for the company in a report on Friday, July 20th. Finally, Wolfe Research assumed coverage on shares of Goldman Sachs Group in a report on Tuesday, September 25th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $281.84.
The firm has a market cap of $85.69 billion, a P/E ratio of 11.21, a PEG ratio of 0.74 and a beta of 1.28. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.90 and a current ratio of 0.90.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 EPS for the quarter, beating the Zacks’ consensus estimate of $5.38 by $0.90. The company had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.43 billion. Goldman Sachs Group had a net margin of 16.68% and a return on equity of 13.57%. Goldman Sachs Group’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.02 EPS. On average, research analysts expect that Goldman Sachs Group Inc will post 25.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $3.20 dividend on an annualized basis and a yield of 1.44%. Goldman Sachs Group’s payout ratio is 16.19%.
In other news, insider David M. Solomon sold 8,488 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $237.92, for a total value of $2,019,464.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.71% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Calamos Advisors LLC grew its stake in shares of Goldman Sachs Group by 6.2% in the 3rd quarter. Calamos Advisors LLC now owns 594,787 shares of the investment management company’s stock valued at $133,375,000 after buying an additional 34,543 shares during the period. Delta Asset Management LLC TN grew its stake in shares of Goldman Sachs Group by 3.9% in the 3rd quarter. Delta Asset Management LLC TN now owns 92,134 shares of the investment management company’s stock valued at $20,660,000 after buying an additional 3,455 shares during the period. Culbertson A N & Co. Inc. grew its stake in shares of Goldman Sachs Group by 3.5% in the 3rd quarter. Culbertson A N & Co. Inc. now owns 29,391 shares of the investment management company’s stock valued at $6,591,000 after buying an additional 1,005 shares during the period. Truvestments Capital LLC grew its stake in shares of Goldman Sachs Group by 22.5% in the 3rd quarter. Truvestments Capital LLC now owns 1,330 shares of the investment management company’s stock valued at $298,000 after buying an additional 244 shares during the period. Finally, IFM Investors Pty Ltd grew its stake in shares of Goldman Sachs Group by 16.2% in the 3rd quarter. IFM Investors Pty Ltd now owns 18,918 shares of the investment management company’s stock valued at $4,242,000 after buying an additional 2,633 shares during the period. 71.17% of the stock is owned by institutional investors and hedge funds.
Goldman Sachs Group Company Profile (NYSE:GS)
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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