Traders purchased shares of Goldman Sachs Group Inc (NYSE:GS) on weakness during trading on Wednesday. $682.90 million flowed into the stock on the tick-up and $547.17 million flowed out of the stock on the tick-down, for a money net flow of $135.73 million into the stock. Of all equities tracked, Goldman Sachs Group had the 3rd highest net in-flow for the day. Goldman Sachs Group traded down ($4.81) for the day and closed at $253.65
GS has been the topic of a number of recent research reports. Zacks Investment Research downgraded Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Instinet restated an “outperform” rating and issued a $225.00 target price (down previously from $238.00) on shares of Goldman Sachs Group in a research note on Thursday, January 4th. Vining Sparks restated a “hold” rating and issued a $270.00 target price on shares of Goldman Sachs Group in a research note on Monday, January 8th. Barclays boosted their target price on Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Societe Generale set a $198.00 target price on Goldman Sachs Group and gave the company a “sell” rating in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $254.67.
The stock has a market capitalization of $95,190.00, a PE ratio of 29.19, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90.
In related news, VP Gregory K. Palm sold 4,620 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David M. Solomon sold 2,400 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $238.49, for a total value of $572,376.00. The disclosure for this sale can be found here. Insiders have sold a total of 97,833 shares of company stock valued at $23,309,552 in the last three months. 2.57% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Goldman Sachs Group by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after acquiring an additional 304,400 shares in the last quarter. Capital World Investors grew its stake in shares of Goldman Sachs Group by 10.5% in the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after purchasing an additional 726,582 shares during the period. Capital Research Global Investors grew its stake in shares of Goldman Sachs Group by 4.0% in the 2nd quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock valued at $1,535,195,000 after purchasing an additional 265,784 shares during the period. Greenhaven Associates Inc. grew its stake in shares of Goldman Sachs Group by 2.5% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,793,287 shares of the investment management company’s stock valued at $841,730,000 after purchasing an additional 91,200 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Goldman Sachs Group by 10.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,618,896 shares of the investment management company’s stock valued at $858,366,000 after purchasing an additional 356,956 shares during the period. 73.28% of the stock is owned by hedge funds and other institutional investors.
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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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