Q2 2024 EPS Estimates for The Goldman Sachs Group, Inc. Raised by Zacks Research (NYSE:GS)

The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) - Analysts at Zacks Research raised their Q2 2024 earnings per share (EPS) estimates for shares of The Goldman Sachs Group in a research report issued on Friday, May 17th. Zacks Research analyst R. Department now forecasts that the investment management company will earn $8.86 per share for the quarter, up from their prior estimate of $8.79. The consensus estimate for The Goldman Sachs Group's current full-year earnings is $36.71 per share. Zacks Research also issued estimates for The Goldman Sachs Group's Q1 2025 earnings at $10.70 EPS and Q1 2026 earnings at $11.33 EPS.

GS has been the topic of several other reports. Keefe, Bruyette & Woods raised their price objective on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an "outperform" rating in a research report on Friday, April 5th. Oppenheimer raised their price objective on The Goldman Sachs Group from $479.00 to $517.00 and gave the company an "outperform" rating in a research report on Tuesday, April 30th. Evercore ISI raised their price objective on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an "outperform" rating in a research report on Tuesday, April 16th. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $450.00 to $504.00 and gave the company an "overweight" rating in a research report on Tuesday, May 7th. Finally, Edward Jones started coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a "buy" rating on the stock. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $440.57.

The Goldman Sachs Group Trading Down 1.1 %

The Goldman Sachs Group stock traded down $4.95 during midday trading on Monday, reaching $462.77. The stock had a trading volume of 2,590,488 shares, compared to its average volume of 2,340,058. The Goldman Sachs Group has a twelve month low of $289.36 and a twelve month high of $471.48. The stock has a market capitalization of $149.23 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.45 and a beta of 1.40. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74. The stock's 50-day simple moving average is $417.71 and its 200 day simple moving average is $386.20.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business had revenue of $14.21 billion for the quarter, compared to analysts' expectations of $12.94 billion. During the same quarter last year, the firm earned $8.79 earnings per share. The business's revenue was up 16.1% on a year-over-year basis.

The Goldman Sachs Group Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 2.38%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction 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 filing with the SEC, which is available at this hyperlink. In other news, CFO Denis P. Coleman sold 12,680 shares of the business's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders have sold a total of 29,330 shares of company stock valued at $11,713,578 in the last three months. 0.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

A number of large investors have recently bought and sold shares of the business. Capital World Investors boosted its holdings in The Goldman Sachs Group by 6.0% during the fourth quarter. Capital World Investors now owns 6,012,564 shares of the investment management company's stock valued at $2,319,470,000 after acquiring an additional 338,181 shares during the period. Morgan Stanley boosted its holdings in The Goldman Sachs Group by 7.8% during the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company's stock valued at $1,842,192,000 after acquiring an additional 412,383 shares during the period. Fisher Asset Management LLC boosted its holdings in The Goldman Sachs Group by 2.8% during the fourth quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company's stock valued at $2,128,693,000 after acquiring an additional 152,474 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in The Goldman Sachs Group by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company's stock valued at $2,004,153,000 after acquiring an additional 27,524 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in The Goldman Sachs Group by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company's stock valued at $1,910,897,000 after acquiring an additional 274,989 shares during the period. 71.21% of the stock is currently owned by institutional investors.

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.