Traders sold shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) on strength during trading on Thursday following insider selling activity. $110.84 million flowed into the stock on the tick-up and $150.96 million flowed out of the stock on the tick-down, for a money net flow of $40.12 million out of the stock. Of all equities tracked, Goldman Sachs Group, Inc. (The) had the 0th highest net out-flow for the day. Goldman Sachs Group, Inc. (The) traded up $1.76 for the day and closed at $239.37Specifically, insider Harvey M. Schwartz sold 25,000 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $245.00, for a total transaction of $6,125,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David M. Solomon sold 2,400 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $238.49, for a total transaction of $572,376.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,744 shares of company stock valued at $9,697,984. 2.57% of the stock is owned by company insiders.

Several research firms have recently issued reports on GS. Zacks Investment Research upgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $271.00 target price for the company in a report on Friday, October 20th. BidaskClub downgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Wells Fargo & Company assumed coverage on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 price target on the stock. Berenberg Bank reaffirmed a “sell” rating and issued a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. Finally, Buckingham Research reaffirmed a “neutral” rating and issued a $250.00 price target (up previously from $243.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) presently has an average rating of “Hold” and an average target price of $245.06.

The company has a market capitalization of $90,290.00, a price-to-earnings ratio of 12.36, a PEG ratio of 1.20 and a beta of 1.48. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.85. The firm had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.34%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.88 EPS. analysts predict that Goldman Sachs Group, Inc. will post 19.03 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.26%. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.58%.

Several hedge funds have recently made changes to their positions in GS. Westpac Banking Corp boosted its position in shares of Goldman Sachs Group, Inc. (The) by 5.3% during the 1st quarter. Westpac Banking Corp now owns 87,226 shares of the investment management company’s stock valued at $13,848,000 after acquiring an additional 4,360 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in Goldman Sachs Group, Inc. (The) by 10.2% in the first quarter. Artisan Partners Limited Partnership now owns 230,986 shares of the investment management company’s stock valued at $53,062,000 after buying an additional 21,383 shares during the last quarter. Comerica Securities Inc. lifted its position in Goldman Sachs Group, Inc. (The) by 49.2% in the first quarter. Comerica Securities Inc. now owns 4,956 shares of the investment management company’s stock valued at $1,138,000 after buying an additional 1,635 shares during the last quarter. Alliancebernstein L.P. lifted its position in Goldman Sachs Group, Inc. (The) by 84.4% in the first quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company’s stock valued at $739,978,000 after buying an additional 1,474,433 shares during the last quarter. Finally, AXA lifted its position in Goldman Sachs Group, Inc. (The) by 3.7% in the first quarter. AXA now owns 91,341 shares of the investment management company’s stock valued at $20,983,000 after buying an additional 3,245 shares during the last quarter. 74.41% of the stock is currently owned by hedge funds and other institutional investors.

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Goldman Sachs Group, Inc. (The) 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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