Traders Sell Shares of Goldman Sachs Group (GS) on Strength (GS)

Traders sold shares of Goldman Sachs Group Inc (NYSE:GS) on strength during trading on Thursday. $105.12 million flowed into the stock on the tick-up and $196.01 million flowed out of the stock on the tick-down, for a money net flow of $90.89 million out of the stock. Of all equities tracked, Goldman Sachs Group had the 0th highest net out-flow for the day. Goldman Sachs Group traded up $0.37 for the day and closed at $231.65

Several research firms have issued reports on GS. Zacks Investment Research raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. BMO Capital Markets upped their price objective on Goldman Sachs Group from $261.00 to $276.00 and gave the stock a “market perform” rating in a report on Wednesday, October 17th. They noted that the move was a valuation call. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $285.00 price objective on shares of Goldman Sachs Group in a report on Tuesday, October 16th. Wolfe Research began coverage on Goldman Sachs Group in a report on Tuesday, September 25th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Goldman Sachs Group in a report on Thursday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $281.84.

The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $86.03 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 0.76 and a beta of 1.15.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.38 by $0.90. The company had revenue of $8.65 billion for the quarter, compared to the consensus estimate of $8.43 billion. Goldman Sachs Group had a return on equity of 14.10% and a net margin of 16.68%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.02 EPS. On average, equities research analysts anticipate that Goldman Sachs Group Inc will post 25.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 30th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Thursday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 16.19%.

Several hedge funds have recently bought and sold shares of GS. Palo Capital Inc. bought a new stake in shares of Goldman Sachs Group in the 3rd quarter valued at $109,000. Zions Bancorporation bought a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at $109,000. First Mercantile Trust Co. bought a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at $110,000. Asset Advisors Investment Management LLC bought a new stake in shares of Goldman Sachs Group in the 3rd quarter valued at $115,000. Finally, Investment Partners LTD. bought a new stake in shares of Goldman Sachs Group in the 3rd quarter valued at $224,000. 71.32% of the stock is currently owned by institutional investors.

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About Goldman Sachs Group (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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