Investors sold shares of Goldman Sachs Group Inc (NYSE:GS) on strength during trading on Tuesday. $146.12 million flowed into the stock on the tick-up and $174.64 million flowed out of the stock on the tick-down, for a money net flow of $28.52 million out of the stock. Of all equities tracked, Goldman Sachs Group had the 29th highest net out-flow for the day. Goldman Sachs Group traded up $0.04 for the day and closed at $221.58
A number of equities research analysts recently weighed in on the stock. Wells Fargo & Co set a $330.00 price objective on shares of Goldman Sachs Group and gave the company a “buy” rating in a report on Sunday, April 8th. ValuEngine lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. Sanford C. Bernstein assumed coverage on shares of Goldman Sachs Group in a report on Monday, April 9th. They set an “outperform” rating and a $300.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Goldman Sachs Group from $297.00 to $302.00 and gave the company an “overweight” rating in a report on Thursday, March 15th. Finally, Zacks Investment Research lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $265.26.
The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $85.37 billion, a PE ratio of 11.21, a P/E/G ratio of 0.78 and a beta of 1.33.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, April 17th. The investment management company reported $6.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.58 by $1.37. Goldman Sachs Group had a net margin of 14.27% and a return on equity of 12.58%. The firm had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the previous year, the firm earned $5.15 EPS. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. analysts predict that Goldman Sachs Group Inc will post 23.36 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Thursday, May 31st will be given a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.44%. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.75. Goldman Sachs Group’s payout ratio is presently 16.19%.
In other news, insider David M. Solomon sold 3,497 shares of Goldman Sachs Group stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $244.40, for a total value of $854,666.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.71% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. Icon Wealth Partners LLC purchased a new position in shares of Goldman Sachs Group in the 4th quarter worth approximately $113,000. Prime Capital Investment Advisors LLC purchased a new stake in Goldman Sachs Group during the 4th quarter worth approximately $127,000. We Are One Seven LLC purchased a new stake in Goldman Sachs Group during the 4th quarter worth approximately $137,000. Crewe Advisors LLC grew its position in Goldman Sachs Group by 65.5% during the 1st quarter. Crewe Advisors LLC now owns 581 shares of the investment management company’s stock worth $146,000 after purchasing an additional 230 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in Goldman Sachs Group during the 1st quarter worth approximately $151,000. 72.44% of the stock is currently owned by hedge funds and other institutional investors.
Goldman Sachs Group Company Profile
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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