Q4 2024 EPS Estimates for The Goldman Sachs Group, Inc. Raised by Zacks Research (NYSE:GS)

The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) - Stock analysts at Zacks Research boosted their Q4 2024 earnings per share estimates for The Goldman Sachs Group in a note issued to investors on Monday, May 6th. Zacks Research analyst R. Department now expects that the investment management company will earn $8.07 per share for the quarter, up from their previous estimate of $7.69. The consensus estimate for The Goldman Sachs Group's current full-year earnings is $36.07 per share.

Other analysts have also recently issued reports about the stock. UBS Group lifted their target price on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a "buy" rating in a research note on Tuesday, January 9th. HSBC upped their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an "outperform" rating in a research note on Friday, April 5th. Evercore ISI upped their price objective on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the company an "outperform" rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley upgraded shares of The Goldman Sachs Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $440.57.

The Goldman Sachs Group Trading Up 0.7 %

Shares of The Goldman Sachs Group stock traded up $3.15 during mid-day trading on Wednesday, hitting $446.95. 1,990,321 shares of the stock were exchanged, compared to its average volume of 2,363,222. The company has a 50-day simple moving average of $406.72 and a 200 day simple moving average of $377.23. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $145.05 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The Goldman Sachs Group has a twelve month low of $289.36 and a twelve month high of $448.02.

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 Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same period in the prior year, the business earned $8.79 earnings per share. The business's revenue was up 16.1% on a year-over-year basis.

Hedge Funds Weigh In On The Goldman Sachs Group

Several institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of The Goldman Sachs Group in the first quarter worth $1,903,374,000. Norges Bank bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $1,120,119,000. Congress Wealth Management LLC DE increased its stake in The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company's stock valued at $211,396,000 after buying an additional 650,918 shares during the period. Wellington Management Group LLP raised its position in shares of The Goldman Sachs Group by 27.0% during the 4th quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company's stock worth $842,597,000 after buying an additional 464,954 shares in the last quarter. Finally, Morgan Stanley lifted its stake in shares of The Goldman Sachs Group by 7.8% in the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company's stock worth $1,842,192,000 after acquiring an additional 412,383 shares during the period. Institutional investors own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares of the company's stock, valued at $7,190,901.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Insiders sold 29,330 shares of company stock valued at $11,713,578 over the last quarter. Company insiders own 0.57% of the company's stock.

The Goldman Sachs Group Announces Dividend

The business 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 dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group's dividend payout ratio is presently 42.95%.

About The Goldman Sachs Group

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.