Headlines about Goldman Sachs Group (NYSE:GS) have trended neutral on Monday, according to InfoTrie. The research firm identifies negative and positive media coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Goldman Sachs Group earned a media sentiment score of 0.50 on their scale. InfoTrie also gave news coverage about the investment management company an news buzz score of 9 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Goldman Sachs Group’s analysis:
- Malaysian finance minister: It’s ‘reasonable’ to ask Goldman for $7.5 billion over 1MDB ‘agony’ (cnbc.com)
- Goldman Sachs CEO David Solomon shares his number one piece of advice for millennials who want to get ahead in their careers (businessinsider.com)
- SHAREHOLDER ALERT: GS MAR PRGO: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines (feeds.benzinga.com)
- Goldman gets bearish on earnings forecast, sees only 3% growth this year (cnbc.com)
- Goldman Sachs preparing to launch cash-management service in 2020 (business.financialpost.com)
Several brokerages recently issued reports on GS. Morgan Stanley cut their target price on Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 8th. Wolfe Research began coverage on Goldman Sachs Group in a report on Tuesday, September 25th. They set an “outperform” rating on the stock. Wells Fargo & Co reiterated a “buy” rating on shares of Goldman Sachs Group in a report on Thursday, September 20th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $249.00 price target on the stock in a report on Tuesday, November 13th. Finally, Barclays reiterated an “equal weight” rating and set a $247.00 price target (down from $289.00) on shares of Goldman Sachs Group in a report on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $258.31.
Goldman Sachs Group stock opened at $176.93 on Monday. Goldman Sachs Group has a 52 week low of $151.70 and a 52 week high of $275.31. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $65.64 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 0.59 and a beta of 1.13.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 16th. The investment management company reported $6.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.38 by $0.90. Goldman Sachs Group had a return on equity of 14.10% and a net margin of 16.68%. The business had revenue of $8.65 billion during the quarter, compared to analysts’ expectations of $8.43 billion. During the same period in the previous year, the business earned $5.02 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts predict that Goldman Sachs Group will post 24.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Friday, November 30th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.81%. The ex-dividend date was Thursday, November 29th. Goldman Sachs Group’s payout ratio is 16.19%.
In related news, VP Gregory K. Palm sold 16,451 shares of the business’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $158.41, for a total transaction of $2,606,002.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.71% of the stock is owned by insiders.
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About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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