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AMD   205.36 (+1.34%)
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T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
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GE   161.04 (+1.51%)
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PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)

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

$392.25
+4.15 (+1.07%)
(As of 03/4/2024 ET)
Today's Range
$386.20
$396.57
50-Day Range
$376.91
$393.18
52-Week Range
$289.36
$396.79
Volume
1.94 million shs
Average Volume
2.34 million shs
Market Capitalization
$127.70 billion
P/E Ratio
17.19
Dividend Yield
2.80%
Price Target
$409.93

The Goldman Sachs Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
4.5% Upside
$409.93 Price Target
Short Interest
Healthy
1.22% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.40
Upright™ Environmental Score
News Sentiment
0.59mentions of The Goldman Sachs Group in the last 14 days
Based on 42 Articles This Week
Insider Trading
Selling Shares
$15.08 M Sold Last Quarter
Proj. Earnings Growth
12.75%
From $32.86 to $37.05 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.

4.72 out of 5 stars

Finance Sector

102nd out of 863 stocks

Security Brokers & Dealers Industry

5th out of 27 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

Disney Stock is Ridiculously Cheap Now That the Worst is Past (GS)
Disney stock could soon get back to its former glory days, with a potential for double digit upside as analysts realize just how much of a bargain it is
3 Stocks to Watch on Oil's New Bull Cycle
Oil has seen little to no attention in the past 12 to 24 months. Most of the market's focus has gone into technology stocks, with names like NVIDIA NASDAQ: NVDA breaking past its all-time high multiple times on explosive financials and hype surrounding artificial intelligence as it is being adopted by more and more industries today.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
3 Stocks to Watch on Oil’s New Bull Cycle
Investors will pump oil stocks higher if Goldman is right when they predict oil prices will reach $100 a barrel; here are three stocks that could benefit
Your Comprehensive Guide to Investing in Bank Stocks (GS)
Bank stocks can offer steady dividend investments. Learn more about investing in bank stocks, particularly during economic downturns and banking crises.
This healthcare stock making a buzz with 160% growth (GS)
Healthcare stocks are typically on the boring side of the spectrum, that is until you add a bit of technology and the right niche to them.
bluebird bio Stock Signals Potential to be a Multi-bagger
Driving a bargain of a short squeeze play, Bluebird Bio stock could soon announce what every investor is hoping to hear, here's what management could do
3 lithium stocks to ride a multi-year cycle (GS)
This is why lithium stocks could be the best place to consider deploying some of your buying power; in that space, three stocks stand out as double-digit upside
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Goldman upgraded Nvidia stock, one metric says it could go higher (GS)
NVIDIA stock could keep breaking past expectations while bears on the sidelines wait for the stock to come crashing down
Salesforce stock got a boost. Is it growing off the Nvidia boom? (GS)
A new business cycle is about to make a higher ceiling for services stocks like Salesforce. Is it a good addition to your portfolio?
bluebird bio stock is ripe for a 400% institutional short squeeze (GS)
Bluebird Bio stock could be on the verge of a 400% pop on earnings, management has set the writing on the wall for institutional buying to trickle in
Hongkong Land just downgraded at Goldman Sachs, here's why
Hysan Development just downgraded at Goldman Sachs, here's why
Goldman Sachs gets more bearish on uniQure, downgrades shares
Marcus by Goldman Sachs CD Rates: March 2024
See More Headlines
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Company Calendar

Ex-Dividend for 12/28 Dividend
11/29/2023
Dividend Payable
12/28/2023
Last Earnings
1/16/2024
Ex-Dividend for 3/28 Dividend
2/28/2024
Today
3/04/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
4/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Security brokers & dealers
Sub-Industry
Investment Banking & Brokerage
CUSIP
38141G10
Employees
45,300
Year Founded
1869

Price Target and Rating

Average Stock Price Target
$409.93
High Stock Price Target
$506.00
Low Stock Price Target
$351.00
Potential Upside/Downside
+4.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72
Research Coverage
18 Analysts

Profitability

Net Income
$8.52 billion
Pretax Margin
23.22%

Debt

Sales & Book Value

Annual Sales
$108.42 billion
Cash Flow
$41.51 per share
Book Value
$324.13 per share

Miscellaneous

Free Float
323,805,000
Market Cap
$127.86 billion
Optionable
Optionable
Beta
1.42

Social Links

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of The Goldman Sachs Group was last updated on Friday, March 1, 2024 at 9:05 PM.

Pros

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

  • The Goldman Sachs Group has shown consistent growth in institutional investments, indicating confidence from large financial entities like hedge funds and investment firms.
  • Recent insider trading activities suggest positive sentiment within the company, with insiders purchasing shares worth a significant amount, signaling faith in the company's future performance.
  • The company's diverse range of financial services across different segments provides stability and potential for growth in various economic conditions.
  • Strong performance in the global banking and markets segment, especially in strategic advisory services related to mergers and acquisitions, showcases the company's expertise and market position.
  • Considering the recent stock price and market trends, The Goldman Sachs Group presents a compelling investment opportunity with potential for capital appreciation.

Cons

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

  • The high level of institutional ownership might limit individual investor influence on company decisions and stock performance.
  • While insider trading can be positive, it can also indicate potential risks if insiders are selling significant amounts of shares, which might raise concerns about future prospects.
  • The company's involvement in complex financial products like structured credit and asset-backed lending could expose it to market volatility and regulatory challenges.
  • Market competition and regulatory changes in the financial sector could impact The Goldman Sachs Group's profitability and growth potential in the future.
  • Investors need to carefully assess the overall economic conditions and market risks before considering an investment in The Goldman Sachs Group to ensure alignment with their investment goals and risk tolerance.














GS Stock Analysis - Frequently Asked Questions

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

18 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 13 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?

18 analysts have issued 1-year target prices for The Goldman Sachs Group's shares. Their GS share price targets range from $351.00 to $506.00. On average, they anticipate the company's share price to reach $409.93 in the next year. This suggests a possible upside of 4.5% 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 start of the year. Since then, GS shares have increased by 1.7% and is now trading at $392.25.
View the best growth stocks for 2024 here
.

Are investors shorting The Goldman Sachs Group?

The Goldman Sachs Group saw a drop in short interest in the month of January. As of January 31st, there was short interest totaling 4,020,000 shares, a drop of 7.8% from the January 15th total of 4,360,000 shares. Based on an average daily volume of 2,170,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.2% of the shares of the company are short sold.
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 Tuesday, April 16th 2024.
View our GS earnings forecast
.

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

The Goldman Sachs Group, Inc. (NYSE:GS) posted its quarterly earnings data on Tuesday, January, 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $1.86. The investment management company earned $11.32 billion during the quarter, compared to analyst estimates of $10.80 billion. The Goldman Sachs Group had a trailing twelve-month return on equity of 8.03% and a net margin of 7.85%. The business's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.32 earnings per share.
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 declared a quarterly dividend on Friday, January 12th. Stockholders of record on Thursday, February 29th will be paid a dividend of $2.75 per share on Thursday, March 28th. This represents a $11.00 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Wednesday, February 28th.
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 2.83%. 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 48.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GS will have a dividend payout ratio of 29.69% 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 Glassdoor.com. 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 a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.75%), Capital World Investors (1.84%), Fisher Asset Management LLC (1.69%), Dodge & Cox (1.68%), Massachusetts Financial Services Co. MA (1.59%) and Price T Rowe Associates Inc. MD (1.52%). 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., Meilleurtaux.com, 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 3/4/2024 by MarketBeat.com Staff