Investors bought 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 companies 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. TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price target on the stock in a research note on Friday, October 20th. JPMorgan Chase & Co. restated a “buy” rating on shares of Goldman Sachs Group in a research note on Monday, November 20th. Bank of America upped their target price on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Finally, Vertical Group upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $250.89.

The stock has a market cap of $95,680.00, a P/E ratio of 13.18, a P/E/G ratio of 0.94 and a beta of 1.47. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.14 by $0.54. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.64 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.08 earnings per share. sell-side analysts forecast that Goldman Sachs Group Inc will post 18.98 earnings per share for the current fiscal year.

In other Goldman Sachs Group news, insider David M. Solomon sold 12,707 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director David A. Viniar sold 7,393 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $245.18, for a total transaction of $1,812,615.74. The disclosure for this sale can be found here. Insiders sold 130,226 shares of company stock worth $31,247,168 over the last quarter. 2.57% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Goldman Sachs Group in the second quarter valued at approximately $101,000. Sterling Investment Advisors Ltd. boosted its holdings in shares of Goldman Sachs Group by 35.7% in the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after acquiring an additional 125 shares during the period. Gs Investments Inc. acquired a new stake in shares of Goldman Sachs Group in the second quarter valued at approximately $111,000. First Personal Financial Services boosted its holdings in shares of Goldman Sachs Group by 230.2% in the second quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock valued at $116,000 after acquiring an additional 366 shares during the period. Finally, FNY Managed Accounts LLC boosted its holdings in shares of Goldman Sachs Group by 605.1% in the second quarter. FNY Managed Accounts LLC now owns 557 shares of the investment management company’s stock valued at $123,000 after acquiring an additional 478 shares during the period. Institutional investors own 73.28% of the company’s stock.

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About Goldman Sachs Group

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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