The Goldman Sachs Group, Inc. to Issue Quarterly Dividend of $4.00 (NYSE:GS)

Key Points

• The Goldman Sachs Group has declared a quarterly dividend of $4.00 per share, payable on December 30th to investors of record as of December 2nd, reflecting a yield of 2.0%.
• The firm's recent earnings surpassed expectations, reporting $12.25 EPS for the quarter, exceeding analysts' predictions of $10.27 by $1.98.
• Analysts have mixed views on the stock, with a consensus rating of "Hold" and varied target prices, including a recent increase by Morgan Stanley to $854.00.

The Goldman Sachs Group, Inc. (NYSE:GS - Get Free Report) declared a quarterly dividend on Tuesday, October 14th, RTT News reports. Investors of record on Tuesday, December 2nd will be paid a dividend of 4.00 per share by the investment management company on Tuesday, December 30th. This represents a c) dividend on an annualized basis and a yield of 2.0%.

The Goldman Sachs Group has a dividend payout ratio of 23.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect The Goldman Sachs Group to earn $52.07 per share next year, which means the company should continue to be able to cover its $12.00 annual dividend with an expected future payout ratio of 23.0%.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $788.52 on Tuesday. The stock has a 50-day simple moving average of $762.04 and a two-hundred day simple moving average of $665.38. The Goldman Sachs Group has a 52-week low of $439.38 and a 52-week high of $825.25. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $238.70 billion, a PE ratio of 17.38, a P/E/G ratio of 1.44 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. During the same period in the previous year, the firm earned $8.40 earnings per share. Analysts forecast that The Goldman Sachs Group will post 47.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Hsbc Global Res cut shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Wall Street Zen raised shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. BMO Capital Markets assumed coverage on shares of The Goldman Sachs Group in a research note on Friday, October 3rd. They set a "market perform" rating and a $785.00 target price for the company. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the company an "equal weight" rating in a research note on Monday, September 29th. Finally, Evercore ISI raised their target price on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Five analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $746.69.

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.

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