Traders bought shares of Goldman Sachs Group Inc. (NYSE:GS) on weakness during trading on Wednesday following insider selling activity. $315.09 million flowed into the stock on the tick-up and $270.30 million flowed out of the stock on the tick-down, for a money net flow of $44.79 million into the stock. Of all stocks tracked, Goldman Sachs Group had the 6th highest net in-flow for the day. Goldman Sachs Group traded down ($4.93) for the day and closed at $206.26Specifically, EVP Edith W. Cooper sold 14,000 shares of Goldman Sachs Group stock in a transaction on Friday, August 26th. The shares were sold at an average price of $166.11, for a total transaction of $2,325,540.00. Following the completion of the sale, the executive vice president now owns 33,634 shares of the company’s stock, valued at approximately $5,586,943.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sarah G. Smith sold 2,664 shares of Goldman Sachs Group stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $170.00, for a total transaction of $452,880.00. Following the sale, the insider now directly owns 13,075 shares of the company’s stock, valued at approximately $2,222,750. The disclosure for this sale can be found here. Company insiders own 2.61% of the company’s stock.

A number of equities research analysts have issued reports on GS shares. Zacks Investment Research lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Citigroup Inc. lifted their price objective on shares of Goldman Sachs Group from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, October 10th. JMP Securities reaffirmed a “market perform” rating on shares of Goldman Sachs Group in a research note on Sunday. Vetr raised shares of Goldman Sachs Group from a “sell” rating to a “strong-buy” rating and set a $179.28 price objective for the company in a research note on Thursday, September 29th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $214.00 price objective (up previously from $200.00) on shares of Goldman Sachs Group in a research note on Friday, October 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $181.38.

The company has a market cap of $86.38 billion, a P/E ratio of 16.55 and a beta of 1.55. The stock has a 50-day moving average price of $177.17 and a 200 day moving average price of $163.74.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 18th. The investment management company reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.09. The company earned $8.17 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Goldman Sachs Group had a net margin of 19.58% and a return on equity of 9.73%. Goldman Sachs Group’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the company posted $4.51 EPS. Equities research analysts anticipate that Goldman Sachs Group Inc. will post $15.52 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 1st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.26%. The ex-dividend date is Tuesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is 20.72%.

A number of hedge funds have recently modified their holdings of GS. Jennison Associates LLC boosted its stake in shares of Goldman Sachs Group by 237.3% in the third quarter. Jennison Associates LLC now owns 4,371,336 shares of the investment management company’s stock valued at $704,965,000 after buying an additional 3,075,277 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Goldman Sachs Group during the third quarter valued at $421,604,000. Fisher Asset Management LLC boosted its stake in shares of Goldman Sachs Group by 693.1% in the third quarter. Fisher Asset Management LLC now owns 1,971,845 shares of the investment management company’s stock valued at $318,000,000 after buying an additional 1,723,214 shares during the period. Dodge & Cox boosted its stake in shares of Goldman Sachs Group by 11.4% in the second quarter. Dodge & Cox now owns 15,020,855 shares of the investment management company’s stock valued at $2,231,799,000 after buying an additional 1,531,815 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Goldman Sachs Group during the second quarter valued at $157,768,000. Institutional investors and hedge funds own 71.29% of the company’s stock.

About Goldman Sachs Group

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

5 Day Chart for NYSE:GS

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