The Goldman Sachs Group (GS) Stock Price, News & Analysis

-0.96 (-0.23%)
(As of 04/24/2024 ET)
Today's Range
50-Day Range
52-Week Range
1.57 million shs
Average Volume
2.46 million shs
Market Capitalization
$137.29 billion
P/E Ratio
Dividend Yield
Price Target

The Goldman Sachs Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
2.8% Upside
$434.93 Price Target
Short Interest
1.57% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.44mentions of The Goldman Sachs Group in the last 14 days
Based on 60 Articles This Week
Insider Trading
Selling Shares
$9.55 M Sold Last Quarter
Proj. Earnings Growth
From $35.39 to $38.78 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.48 out of 5 stars

Finance Sector

171st out of 847 stocks

Security Brokers & Dealers Industry

10th out of 26 stocks

GS stock logo

About The Goldman Sachs Group Stock (NYSE:GS)

The Goldman Sachs Group, Inc. was founded in 1869 by Marcus Goldman as an investment bank catering to institutions and businesses. Among the firm's first products are the revolutionary use of commercial paper for entrepreneurs which opened a new method of finance for business and industry.

The original firm expanded to Goldman Sachs in 1882 with the inclusion of son-in-law Samuel Sachs and again in 1885 with a son and another son-in-law. The firm joined the New York Stock Exchange in 1896 expanding into trading of its own and in 1898 it was worth $1.6 million. The company began its work in the IPO market in 1906 with the initial public offering of Sears, Roebuck & Co., and then moved on to Ford and other prominent names of the time.

The 1930s brings a change of leadership and a new direction for the firm. The company shifted toward a purer play on investment banking and embarks on a campaign of acquisition that lasted until the present day. The company doesn’t go public itself until 1999 and from that point on it will change into a bank holding company that not only offers investment banking services but takes deposits too, and in 2016 the company added consumer banking to its list of services.

Today, Goldman Sachs is a financial institution that provides a range of financial services for corporations, institutions, governments, and individuals globally. The company operates through four segments that include Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. According to US banking regulations, it is systemically important to the financial health of America.

The company is headquartered in New York, New York, and operates 6 regional headquarters as well. Regional headquarters are located in financial hotspots such as London, Hong Kong, Tokyo, Bangalore, and Warsaw. Among its many prominent CEOs are John Corzine and Hank Paulson who both went on to successful work in government.

The company's Investment Banking segment provides a full range of financial advisory services as well as underwriting for the public markets. The financial advisory services include but are not limited to strategic advisory for mergers and acquisitions, divestiture, restructuring, and spin-offs. This segment is also engaged in middle-market lending and transaction banking. Underwriting services include IPOs, preferred stock, debt instruments, and bridge loans.

Goldman Sachs Global Markets segment facilitates market transactions for institutions, banks, brokerages, corporations, and governments. Services include execution, derivatives, financing, clearing, settlement, and custody.

The Asset Management segment manages client portfolios across the investment spectrum while the Consumer & Wealth Management segment provides advisory and banking services to consumers.


GS Stock Price History

GS Stock News Headlines

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Crane stock's first quarter earnings showed investors why this stock earned Wall Street's love; it's valued over competitors with bullish price action
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Three stocks come to steal the technology and artificial intelligence spotlight from Nvidia. Strong fundamentals and discounts give investor access to upside
3 Cheap Stocks That Shouldn’t Be So (GS)
Three stocks could become buy targets around fears that interest rate cuts won't come, these businesses bet that cuts could actually be around the corner.
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3 Cheap Stocks That Shouldn't Be So
Certain stocks fall out of favor once every business cycle, whether for actual justifiable reasons or because of plain overlooking. Markets can get busy and caught up with sectors that make the most noise, such as the U.S. technology sector, which has been taken to all-time highs by names like Nvidia Co. NASDAQ: NVDA.
3 Steel Stocks Could Soar on New China Tariffs
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3 Steel Stocks Could Soar on New China Tariffs (GS)
As the U.S. looks to return to China tariffs, the domestic steel and aluminum manufacturing industry could push these three stocks to soar.
Goldman is getting out of the robo-advisory business
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
Dividend Payable
Last Earnings
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Security brokers & dealers
Investment Banking & Brokerage
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
20 Analysts


Net Income
$8.52 billion
Pretax Margin


Sales & Book Value

Annual Sales
$108.42 billion
Cash Flow
$41.56 per share
Book Value
$363.61 per share


Free Float
Market Cap
$137.29 billion

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Should I Buy The Goldman Sachs Group Stock? GS Pros and Cons Explained


Here are some ways that investors could benefit from investing in The Goldman Sachs Group, Inc.:

  • The Goldman Sachs Group, Inc. operates through various segments, including Global Banking & Markets, Asset & Wealth Management, and Platform Solutions, providing diversified revenue streams.
  • The company offers a wide range of financial services for corporations, financial institutions, governments, and individuals worldwide, showcasing its global presence and market reach.
  • Goldman Sachs has a strong track record in financial advisory services, including strategic advisory assignments related to mergers and acquisitions, which can attract clients seeking expert guidance in complex financial transactions.
  • The Asset & Wealth Management segment of Goldman Sachs manages assets across various classes, offering investors exposure to diverse investment opportunities and potential for portfolio growth.
  • Investors may find the current stock price of The Goldman Sachs Group, Inc. attractive for potential value appreciation, considering the company's market position and growth prospects.


Investors should be bearish about investing in The Goldman Sachs Group, Inc. for these reasons:

  • Regulatory challenges and changes in the financial industry landscape may impact Goldman Sachs' operations and profitability, leading to uncertainties for investors.
  • The company's reliance on institutional investors for a significant portion of its stock ownership could introduce volatility in the stock price, potentially affecting investor sentiment.
  • Market fluctuations and economic downturns can influence the performance of financial institutions like Goldman Sachs, posing risks to investors in terms of potential losses or reduced returns.
  • Competition in the financial services sector is intense, with other major players vying for market share, which could pressure Goldman Sachs' margins and market position over time.
  • Investors should carefully consider the overall market conditions and economic outlook before making investment decisions related to The Goldman Sachs Group, Inc., as external factors can impact the company's performance and stock valuation.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these The Goldman Sachs Group pros and cons to

GS Stock Analysis - Frequently Asked Questions

Should I buy or sell The Goldman Sachs Group stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Goldman Sachs Group in the last twelve months. There are currently 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GS shares.
View GS analyst ratings
or view top-rated stocks.

What is The Goldman Sachs Group's stock price target for 2024?

20 brokers have issued 12-month target prices for The Goldman Sachs Group's shares. Their GS share price targets range from $351.00 to $493.00. On average, they expect the company's stock price to reach $434.93 in the next twelve months. This suggests a possible upside of 2.8% from the stock's current price.
View analysts price targets for GS
or view top-rated stocks among Wall Street analysts.

How have GS shares performed in 2024?

The Goldman Sachs Group's stock was trading at $385.77 at the beginning of 2024. Since then, GS shares have increased by 9.7% and is now trading at $423.04.
View the best growth stocks for 2024 here

Are investors shorting The Goldman Sachs Group?

The Goldman Sachs Group saw a increase in short interest in March. As of March 31st, there was short interest totaling 5,090,000 shares, an increase of 9.0% from the March 15th total of 4,670,000 shares. Based on an average trading volume of 2,280,000 shares, the short-interest ratio is currently 2.2 days. Approximately 1.6% of the shares of the stock are sold short.
View The Goldman Sachs Group's Short Interest

When is The Goldman Sachs Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
View our GS earnings forecast

How were The Goldman Sachs Group's earnings last quarter?

The Goldman Sachs Group, Inc. (NYSE:GS) announced its earnings results on Monday, April, 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.54 by $3.04. The investment management company had revenue of $14.21 billion for the quarter, compared to analysts' expectations of $12.94 billion. The Goldman Sachs Group had a trailing twelve-month return on equity of 8.65% and a net margin of 8.17%. The Goldman Sachs Group's revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.79 EPS.
Read the conference call transcript

How often does The Goldman Sachs Group pay dividends? What is the dividend yield for The Goldman Sachs Group?

The Goldman Sachs Group announced a quarterly dividend on Thursday, April 11th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.75 per share on Thursday, June 27th. This represents a $11.00 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, May 30th.
Read our dividend analysis for GS

Is The Goldman Sachs Group a good dividend stock?

The Goldman Sachs Group (NYSE:GS) pays an annual dividend of $11.00 per share and currently has a dividend yield of 2.64%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GS will have a dividend payout ratio of 28.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GS.

What is David M. Solomon's approval rating as The Goldman Sachs Group's CEO?

811 employees have rated The Goldman Sachs Group Chief Executive Officer David M. Solomon on David M. Solomon has an approval rating of 91% among the company's employees. This puts David M. Solomon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of The Goldman Sachs Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The Goldman Sachs Group investors own include JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Bank of America (BAC), Walt Disney (DIS), Alibaba Group (BABA), Netflix (NFLX), Boeing (BA), Citigroup (C), Johnson & Johnson (JNJ) and Intel (INTC).

Who are The Goldman Sachs Group's major shareholders?

The Goldman Sachs Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include International Assets Investment Management LLC (1.40%), Sumitomo Mitsui Trust Holdings Inc. (0.32%), Congress Wealth Management LLC DE (0.20%), Assenagon Asset Management S.A. (0.00%), Raymond James & Associates (0.16%) and Verity & Verity LLC (0.13%). Insiders that own company stock include Brian J Lee, David A Viniar, David M Solomon, Denis P Coleman, Ericka T Leslie, Goldman Sachs Group Inc, John E Waldron, Kathryn H Ruemmler, Philip R Berlinski and Sheara J Fredman.
View institutional ownership trends

How do I buy shares of The Goldman Sachs Group?

Shares of GS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does The Goldman Sachs Group have any subsidiaries?
The following companies are subsidiares of The Goldman Sachs Group: ALQ Holdings (Del) LLC, ALQ Holdings (Singapore) Pte. Ltd., Asia Investing Holdings Pte. Ltd., BSPI Holdings L.L.C., BSPI Intermediate Holdings L.L.C., Bond Street, Boyd Corporation, Broad Street Credit Holdings LLC, Broad Street Investments Holding (Singapore) PTE. Ltd., Broad Street Principal Investments L.L.C., Broad Street Principal Investments Superholdco LLC, Capital Vision Services, Carver Korea, Clarity Money, ClearFactr, ELQ Investors VI Ltd, ELQ Investors VIII Ltd, ELQ Lux Holding S.A R.L., Final, Financeit, Folio Institutional, GLQ Holdings (UK) Ltd, GLQ International Holdings Ltd, GLQ International Partners LP, GLQC S.A R.L., GS Asian Venture (Delaware) L.L.C., GS Diversified Funding LLC, GS European Funding S.A R.L., GS Financial Services II LLC, GS Financial Services L.P. (Del), GS Fund Holdings L.L.C., GS Funding Europe, GS Funding Europe I Ltd., GS Funding Europe V Limited, GS Funding Europe VI Ltd, GS Lending Partners Holdings LLC, GS Sponsor LLC, GSAM Holdings LLC, GSSG Holdings LLC, General Motors - Credit Card Business, Genesis Capital LLC, Global Consumer Products, Goldman Sachs & Co. LLC, Goldman Sachs (Asia) Corporate Holdings L.L.C., Goldman Sachs (Asia) Finance, Goldman Sachs (Asia) L.L.C., Goldman Sachs (Cayman) Holding Company, Goldman Sachs (Japan) Ltd., Goldman Sachs (UK) L.L.C., Goldman Sachs Asset Management International, Goldman Sachs Asset Management L.P., Goldman Sachs Australia Pty Ltd, Goldman Sachs Bank Europe SE, Goldman Sachs Bank USA, Goldman Sachs Equity Investments (Singapore) Pte. Ltd., Goldman Sachs Financial Markets Pty Ltd, Goldman Sachs Funding LLC, Goldman Sachs Gao Hua Securities, Goldman Sachs Group Holdings (U.K.) Limited, Goldman Sachs Group UK Limited, Goldman Sachs Holdings (Asia Pacific) Limited, Goldman Sachs Holdings (Hong Kong) Limited, Goldman Sachs Holdings (Singapore) Pte. Ltd., Goldman Sachs Holdings ANZ Pty Limited, Goldman Sachs International, Goldman Sachs International Bank, Goldman Sachs Japan Co. Ltd., Goldman Sachs LLC, Goldman Sachs Lending Partners LLC, Goldman Sachs Mortgage Company, Goldman Sachs PSI Global Holdings LLC, Goldman Sachs UK Funding Limited, GreenSky, Honest Dollar, Horizon Fund, Horizon Fundo De Investimento Multimercado Credito Privado — Investimento No Exterior, Hull Group, Hull Trading Asia Limited, J. Aron & Company (Singapore) Pte., J. Aron & Company LLC, Jade Dragon ANZ Investments Pte. Ltd., MTGLQ Investors L.P.,, Mellon Ventures, Mercer Investments (Singapore) Pte. Ltd., Murray Street Corporation, NN Investment Partners, Pacific Global Advisors, Pantor, Slickdeals, Spear Leeds & Kellogg, Special Situations Investing Group II LLC, Special Situations Investing Group III Inc., Sphere Fund, Sphere Fundo De Investimento Multimercado — Investimento No Exterior Credito Privado, The Goldman Sachs Group Inc., Titanium Luxco 2 S.A R.L., Titanium UK Holdco 1 Limited, USI Holding, United Capital, United Capital Financial Advisers, Wall Street, and YOHO Manipal.
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This page (NYSE:GS) was last updated on 4/25/2024 by Staff

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