Large Outflow of Money Witnessed in Goldman Sachs Group (The)

Shares of Goldman Sachs Group (The) (NYSE:GS) advanced to $150.36. The price had gained 0.31% or 0.47 points intraday. The latest trading session witnessed $18.32 million in upticks and $20 million in downticks, resulting in net money flow of (-1.67) million. The up/down ratio for the day stood at 0.92. On a weekly scale, the price has seen a change of -3.41%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-4.9) million occurred during the day. $0 million in uptick and $4.9 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.


Currently the company Insiders own 2.61% of Goldman Sachs Group (The) shares according to the proxy statements. Institutional Investors own 75.45% of Goldman Sachs Group (The) shares. On the companys insider trading activities, Smith Sarah G, (Principal Accounting Officer) of Goldman Sachs Group Inc, unloaded 2,664 shares at an average price of $162 on April 20, 2016. The total amount of the transaction was worth $431,568, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Goldman Sachs Group (The) (NYSE:GS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.26 points or 0.84% at $148.63 with 3,385,841 shares getting traded. Post opening the session at $149, the shares hit an intraday low of $148.59 and an intraday high of $151.316 and the price was in this range throughout the day. The company has a market cap of $61,740 million and the number of outstanding shares have been calculated to be 415,394,030 shares. The 52-week high of Goldman Sachs Group (The) (NYSE:GS) is $218.77 and the 52-week low is $139.05.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Credit Suisse, maintains their rating on the shares of Goldman Sachs Group (The) (NYSE:GS). Credit Suisse has a Outperform rating on the shares. As per the latest research report, the brokerage house lowers the price target to $180 per share from a prior target of $200. The rating by the firm was issued on March 30, 2016.

The Goldman Sachs Group, Inc. is a bank holding company and a financial holding company. The Company is a global investment banking, securities and investment management company that provides a range of financial services to a diversified client base that include corporations, financial institutions, Governments and individuals. The Company has four business segments. The Investment Banking segments services include strategic advisory assignments and debt and equity underwriting of public offerings and private placements. Its Institutional Client Services segment makes markets and facilitates client transactions in fixed income, equity, currency and commodity products. Its investing and lending activities include the Companys investing and relationship lending activities across various asset classes, primarily debt securities and loans, public and private equity securities, and real estate. Its investment management segment provides investment and wealth advisory services.

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