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S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Prologis Stock Leading U.S. Logistics Boom
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Prologis Stock Leading U.S. Logistics Boom
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Prologis Stock Leading U.S. Logistics Boom
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains

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

$403.91
+7.05 (+1.78%)
(As of 05:45 PM ET)
Today's Range
$401.18
$407.12
50-Day Range
$378.12
$417.69
52-Week Range
$289.36
$419.20
Volume
4.37 million shs
Average Volume
2.36 million shs
Market Capitalization
$131.08 billion
P/E Ratio
15.77
Dividend Yield
2.72%
Price Target
$434.93

The Goldman Sachs Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
7.3% Upside
$434.93 Price Target
Short Interest
Healthy
1.57% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.40
Upright™ Environmental Score
News Sentiment
0.70mentions of The Goldman Sachs Group in the last 14 days
Based on 103 Articles This Week
Insider Trading
Selling Shares
$15.08 M Sold Last Quarter
Proj. Earnings Growth
12.61%
From $32.76 to $36.89 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.

4.60 out of 5 stars

Finance Sector

146th out of 840 stocks

Security Brokers & Dealers Industry

9th 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

Prologis Stock Leading U.S. Logistics Boom (GS)
Logistics and warehousing real estate may come in handy during the manufacturing boom coming to U.S, markets. Prologis stock is the outlier as a bull pick.
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip? (GS)
Lululemon's dip is potentially the best deal in the apparel industry today, analysts and institutions still see double-digit upside for the stock
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Retail Investors Can Follow Goldman Sachs' Moves This Quarter
The most expected time of the quarter is here. Earnings season for financial stocks has kicked off, letting investors gain insight into the pulse of the global financial markets.
Retail Investors Can Follow Goldman Sachs' Moves This Quarter (GS)
Goldman Sachs joins the Wall Street view of stocks having potentially more room to move higher, the business cycle is only getting started
Kinder Morgan Stock Bid Up In An Oil Breakout (GS)
Kinder Morgan is the oil stock that stood out to markets enough to bring its valuation to a premium above peers, and analysts still see a double-digit upside
A strong quarter for Wall Street lifts Goldman's first-quarter results
Goldman Sachs said Monday it saw a double-digit rise in its first-quarter profits, lifted broadly by the stock and bond markets’ performances in the first months of the year
You Can Follow BlackRock’s Market View for Your Money (GS)
BlackRock's quarterly results point Main Street in one direction. Stocks are still in favor as clients chose to invest in passive management rather than bonds
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
3 High Dividend Stocks to Replace Lower Savings Yields Ahead (GS)
Three stocks stand out as the most attractive dividend propositions, particularly now that savings yields may drop as a result of the Fed's rate cuts
Corporate IT Spending Rebounds Could Push Salesforce Stock Higher (GS)
Salesforce may be set to benefit from increasing corporate IT spending budgets, Wall Street thinks that EPS and price targets could rise by double-digits.
How to Protect your Portfolio Against a Rising VIX (GS)
Three stocks could soon become a safe haven for investors looking to escape the VIX's rise back to its 2024 highs. Steady financials and strong brands rule here
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
2/28/2024
Dividend Payable
3/28/2024
Last Earnings
4/15/2024
Today
4/17/2024
Next Earnings (Estimated)
7/17/2024
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
$434.93
High Stock Price Target
$493.00
Low Stock Price Target
$351.00
Potential Upside/Downside
+9.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
20 Analysts

Profitability

Net Income
$8.52 billion
Pretax Margin
10.40%

Debt

Sales & Book Value

Annual Sales
$14.25 trillion
Cash Flow
$40.58 per share
Book Value
$363.61 per share

Miscellaneous

Free Float
322,677,000
Market Cap
$128.79 billion
Optionable
Optionable
Beta
1.43

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

Pros

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.

Cons

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 contact@marketbeat.com.

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 year. 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 Wall Street analysts have issued 12 month price objectives for The Goldman Sachs Group's shares. Their GS share price targets range from $351.00 to $493.00. On average, they predict the company's stock price to reach $434.93 in the next year. This suggests a possible upside of 7.3% 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 stock has increased by 5.1% and is now trading at $405.48.
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 daily trading volume, of 2,280,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.6% of the company's 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) released its quarterly earnings data on Monday, April, 15th. The investment management company reported $11.58 EPS for the quarter, topping the consensus estimate of $8.54 by $3.04. The investment management company had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a trailing twelve-month return on equity of 8.65%. The firm's revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business earned $8.79 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 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 2.71%. The ex-dividend date 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 2.82%. 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 29.82% 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 shareholders include International Assets Investment Management LLC (1.40%), Los Angeles Capital Management LLC (0.07%), Cacti Asset Management LLC (0.06%), Miller Howard Investments Inc. NY (0.05%), Daymark Wealth Partners LLC (0.04%) and Artemis Investment Management LLP (0.04%). 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 4/17/2024 by MarketBeat.com Staff

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