The Goldman Sachs Group (NYSE:GS) posted its quarterly earnings data on Monday. The investment management company reported $12.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.47 by $4.61, MarketWatch Earnings reports. The Goldman Sachs Group had a net margin of 16.65% and a return on equity of 11.23%. The company had revenue of $11.74 billion for the quarter, compared to the consensus estimate of $10.07 billion. During the same quarter in the previous year, the firm posted $4.69 EPS. The business’s revenue was up 17.9% compared to the same quarter last year.
Shares of GS stock traded down $3.73 during trading hours on Wednesday, reaching $290.47. 4,768,431 shares of the company were exchanged, compared to its average volume of 4,118,588. The Goldman Sachs Group has a fifty-two week low of $130.85 and a fifty-two week high of $309.41. The stock’s fifty day moving average is $263.47 and its two-hundred day moving average is $220.84. The company has a market cap of $99.94 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 0.65 and a beta of 1.50. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.73 and a quick ratio of 0.73.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 30th. Stockholders of record on Tuesday, March 2nd will be given a dividend of $1.25 per share. The ex-dividend date is Monday, March 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.72%. The Goldman Sachs Group’s payout ratio is 23.78%.
Several research firms have recently issued reports on GS. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $285.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 15th. Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $288.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday. BMO Capital Markets lifted their target price on shares of The Goldman Sachs Group from $307.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday. Bank of America lifted their target price on shares of The Goldman Sachs Group from $246.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Finally, Royal Bank of Canada lifted their target price on shares of The Goldman Sachs Group from $225.00 to $319.00 and gave the company a “sector perform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The Goldman Sachs Group currently has an average rating of “Buy” and an average price target of $298.50.
About The Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.
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