Shares of The Goldman Sachs Group, Inc. (NYSE:GS – Get Free Report) have received a consensus recommendation of “Hold” from the twenty-three ratings firms that are covering the firm, Marketbeat Ratings reports. Fourteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $943.9545.
GS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Jefferies Financial Group decreased their price objective on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Daiwa Securities Group upped their price target on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, Citigroup boosted their price objective on The Goldman Sachs Group from $765.00 to $930.00 and gave the company a “neutral” rating in a research note on Friday, May 8th.
Check Out Our Latest Report on GS
Insider Activity at The Goldman Sachs Group
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. A4 Wealth Advisors LLC bought a new stake in The Goldman Sachs Group during the third quarter worth about $940,000. Stevens Capital Management LP bought a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at about $1,392,000. Meridian Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 39.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after buying an additional 659 shares in the last quarter. AlTi Global Inc. boosted its holdings in The Goldman Sachs Group by 87.3% in the third quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company’s stock valued at $23,707,000 after acquiring an additional 13,879 shares in the last quarter. Finally, National Pension Service raised its holdings in The Goldman Sachs Group by 3.1% in the 3rd quarter. National Pension Service now owns 665,794 shares of the investment management company’s stock worth $530,205,000 after purchasing an additional 19,796 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.
The Goldman Sachs Group Stock Performance
Shares of The Goldman Sachs Group stock opened at $996.73 on Wednesday. The stock has a market cap of $294.04 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 1.27 and a beta of 1.28. The Goldman Sachs Group has a twelve month low of $582.50 and a twelve month high of $1,005.36. The company’s fifty day moving average is $892.51 and its 200 day moving average is $884.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The firm had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. During the same period in the previous year, the business earned $14.12 EPS. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. Sell-side analysts forecast that The Goldman Sachs Group will post 59.53 EPS for the current year.
The Goldman Sachs Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be given a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s payout ratio is presently 32.89%.
More The Goldman Sachs Group News
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs was selected as lead underwriter for SpaceX’s planned IPO, a highly visible mandate that reinforces GS’s role in elite capital markets deals and could support investment banking revenue. Goldman Hits the Jackpot After Banks’ ‘Dogfight’ to Lead SpaceX’s I.P.O.
- Positive Sentiment: Multiple reports highlighted Goldman’s strength in trading and investment banking, including stronger-than-expected first-quarter results, a bullish “stock to watch” note, and its role in additional financing and alternatives business. 1 Financials Stock to Target This Week and 2 Facing Headwinds
- Positive Sentiment: Goldman’s market calls remain influential, with articles noting its upbeat stance on names like McDonald’s and Enphase Energy, which underscores its continued visibility on Wall Street. Nvidia Just Did The Impossible: Wall Street Still Wants More
- Neutral Sentiment: Goldman also published research suggesting investors consider hedges amid stretched bullish sentiment, which reflects a cautious market backdrop rather than a direct hit to GS fundamentals. As bullish bets surge here’s the option play to protect portfolios from a likely pullback, says Goldman Sachs
- Negative Sentiment: Goldman agreed to pay $500 million to settle shareholder claims tied to the 1MDB scandal, which is a significant legal cost and a reminder of legacy litigation risk for GS. Goldman Sachs to pay $500 million to settle shareholder lawsuit over 1MDB scandal
The Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
Featured Articles
- Five stocks we like better than The Goldman Sachs Group
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.
