The Goldman Sachs Group, Inc. (NYSE:GS) Shareholders Set to Receive $5.00 Quarterly Dividend

Key Points

• Goldman Sachs declared a $5.00 quarterly dividend, payable December 30 to shareholders of record December 2. The dividend represents $20.00 annually and a 2.2% yield.
• The dividend appears well covered, with a current payout ratio of 39.9% and an expected future payout ratio of 27.7%; Goldman has raised its dividend for 13 consecutive years.
• Goldman reported quarterly earnings of $17.01 per share, beating estimates by $4.15, while revenue rose 23% year over year to $18.68 billion. Analysts maintain a consensus “Hold” rating with a $1,055.09 price target.

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) announced a quarterly dividend on Monday, October 12th. Investors of record on Wednesday, December 2nd will be given a dividend of $5.00 per share by the investment management company on Wednesday, December 30th. This represents a $20.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, December 2nd.

The Goldman Sachs Group has raised its dividend by an average of 0.2% annually over the last three years and has increased its dividend annually for the last 13 consecutive years. The Goldman Sachs Group has a dividend payout ratio of 39.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect The Goldman Sachs Group to earn $72.17 per share next year, which means the company should continue to be able to cover its $20.00 annual dividend with an expected future payout ratio of 27.7%.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $892.43 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The company has a market capitalization of $259.85 billion, a P/E ratio of 13.77, a PEG ratio of 0.98 and a beta of 1.29. The stock's 50 day moving average is $984.44 and its 200 day moving average is $989.10. The Goldman Sachs Group has a twelve month low of $740.01 and a twelve month high of $1,153.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, beating analysts' consensus estimates of $12.86 by $4.15. The business had revenue of $18.68 billion during the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The Goldman Sachs Group's revenue was up 23.0% compared to the same quarter last year. During the same period last year, the business earned $12.25 EPS. On average, equities research analysts predict that The Goldman Sachs Group will post 67.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GS shares. Wall Street Zen lowered The Goldman Sachs Group from a "buy" rating to a "hold" rating in a report on Sunday, September 13th. Jefferies Financial Group set a $1,299.00 target price on The Goldman Sachs Group in a report on Wednesday, July 15th. Bank of America increased their target price on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a report on Thursday, July 16th. TD Cowen assumed coverage on The Goldman Sachs Group in a research report on Thursday, October 8th. They issued a "buy" rating and a $1,050.00 target price on the stock. Finally, Citigroup restated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $1,055.09.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.

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