Q2 2024 Earnings Forecast for The Goldman Sachs Group, Inc. (NYSE:GS) Issued By Seaport Res Ptn

The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) - Analysts at Seaport Res Ptn reduced their Q2 2024 earnings estimates for shares of The Goldman Sachs Group in a research report issued to clients and investors on Monday, April 15th. Seaport Res Ptn analyst J. Mitchell now anticipates that the investment management company will post earnings of $8.26 per share for the quarter, down from their previous estimate of $8.42. The consensus estimate for The Goldman Sachs Group's current full-year earnings is $32.76 per share. Seaport Res Ptn also issued estimates for The Goldman Sachs Group's Q4 2024 earnings at $7.63 EPS, FY2024 earnings at $36.00 EPS, Q1 2025 earnings at $11.13 EPS, Q3 2025 earnings at $9.59 EPS and Q4 2025 earnings at $8.68 EPS.

A number of other analysts have also issued reports on GS. JMP Securities boosted their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a "market outperform" rating in a research note on Tuesday, April 9th. Citigroup boosted their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a "neutral" rating in a research note on Tuesday. Oppenheimer boosted their price target on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an "outperform" rating in a research note on Tuesday. Royal Bank of Canada boosted their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a "sector perform" rating in a research note on Tuesday. Finally, Barclays boosted their price objective on The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 2nd. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $434.93.

The Goldman Sachs Group Trading Down 0.2 %

NYSE:GS traded down $0.80 on Thursday, reaching $403.11. 2,759,518 shares of the company's stock were exchanged, compared to its average volume of 2,370,077. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $130.82 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. The business has a fifty day moving average of $396.03 and a 200-day moving average of $365.61. The Goldman Sachs Group has a 52-week low of $289.36 and a 52-week high of $419.20.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The Goldman Sachs Group's revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm earned $8.79 EPS.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 4,300 shares of the company's stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the completion of the sale, the chief accounting officer now owns 11,463 shares in the company, valued at $4,357,659.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 4,300 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now owns 11,463 shares of the company's stock, valued at approximately $4,357,659.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,907 shares of company stock worth $13,950,851. 0.54% of the stock is owned by insiders.

Institutional Trading of The Goldman Sachs Group

Several large investors have recently bought and sold shares of GS. International Assets Investment Management LLC acquired a new stake in The Goldman Sachs Group in the first quarter valued at $1,903,374,000. Norges Bank acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $1,120,119,000. Morgan Stanley grew its holdings in The Goldman Sachs Group by 40.0% in the fourth quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company's stock valued at $2,038,425,000 after purchasing an additional 1,696,350 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in The Goldman Sachs Group by 168,772.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,244,589 shares of the investment management company's stock valued at $427,367,000 after purchasing an additional 1,243,852 shares during the last quarter. Finally, Congress Wealth Management LLC DE grew its holdings in The Goldman Sachs Group by 27,076.5% in the third quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company's stock valued at $211,396,000 after purchasing an additional 650,918 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.