Traders Buy Shares of Goldman Sachs Group (GS) on Weakness

Investors bought shares of Goldman Sachs Group Inc (NYSE:GS) on weakness during trading hours on Monday. $188.61 million flowed into the stock on the tick-up and $157.05 million flowed out of the stock on the tick-down, for a money net flow of $31.56 million into the stock. Of all stocks tracked, Goldman Sachs Group had the 19th highest net in-flow for the day. Goldman Sachs Group traded down ($0.06) for the day and closed at $267.62

A number of research analysts have issued reports on the stock. Vetr downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 price objective on the stock. in a research report on Wednesday, February 14th. Bank of America reissued a “buy” rating and set a $300.00 price objective (up from $249.30) on shares of Goldman Sachs Group in a research report on Monday, February 12th. Morgan Stanley boosted their price objective on shares of Goldman Sachs Group from $294.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Wells Fargo & Co reissued an “outperform” rating and set a $320.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $260.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $256.75.

The company has a market capitalization of $100,950.00, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.96 and a beta of 1.37. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.90 by $0.78. The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.08 EPS. equities analysts expect that Goldman Sachs Group Inc will post 21.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is 15.03%.

In related news, insider R. Martin Chavez sold 11,829 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $259.22, for a total value of $3,066,313.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Gregory K. Palm sold 4,620 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,104,133.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,843 shares of company stock worth $41,855,427. 2.57% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Gs Investments Inc. purchased a new stake in shares of Goldman Sachs Group during the 2nd quarter valued at about $111,000. Icon Wealth Partners LLC purchased a new stake in shares of Goldman Sachs Group during the 4th quarter valued at about $113,000. Cerebellum GP LLC purchased a new stake in shares of Goldman Sachs Group during the 4th quarter valued at about $122,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Goldman Sachs Group during the 4th quarter valued at about $127,000. Finally, Westside Investment Management Inc. increased its position in shares of Goldman Sachs Group by 450.0% during the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock valued at $134,000 after purchasing an additional 450 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

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Goldman Sachs Group 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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