Goldman Sachs Group Company Profile (NYSE:GS)

Goldman Sachs Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "GS."

Goldman Sachs Group declared a quarterly dividend on Tuesday, April 18th. Investors of record on Thursday, June 1st will be given a dividend of $0.75 per share on Thursday, June 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Tuesday, May 30th. This is a positive change from Goldman Sachs Group's previous quarterly dividend of $0.65. View Goldman Sachs Group's Dividend History.

Goldman Sachs Group declared that its board has authorized a share buyback program on Monday, April 24th 2017, which allows the company to buyback 50,000,000 shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Goldman Sachs Group Inc (NYSE:GS) posted its earnings results on Tuesday, April, 18th. The company reported $5.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $5.31 by $0.16. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $8.33 billion. Goldman Sachs Group had a return on equity of 9.78% and a net margin of 24.17%. The firm's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.68 EPS. View Goldman Sachs Group's Earnings History.

Goldman Sachs Group is scheduled to release their next quarterly earnings announcement on Tuesday, July, 18th 2017. View Earnings Estimates for Goldman Sachs Group.

24 equities research analysts have issued 1 year price objectives for Goldman Sachs Group's stock. Their forecasts range from $175.51 to $275.00. On average, they anticipate Goldman Sachs Group's share price to reach $238.78 in the next year. View Analyst Ratings for Goldman Sachs Group.

Here are some recent quotes from research analysts about Goldman Sachs Group stock:

• 1. Rafferty Capital Markets analysts commented, "shock" considering none of its closest Wall Street peers "fared this poorly" in the quarter. In fact, the analyst suggested that the first quarter is typically the best performing of the four. Unfortunately, in Goldman Sachs' case, a poor first quarter now implies there is a good chance that subsequent quarters won't be as strong.So, Now What?Bove pointed out that Goldman Sachs' executive team has undergone a "very significant" change, including Gary Cohn's appointment in Washington and Harvey Schwartz leaving his title as chief executive officer and replacing Cohn as chief financial officer.The analyst believes that these changes will take time to resolve. But at the same time, the company is also facing a "hostile environment" for seven reasons:At the current pace, there is unlikely to be a tax cut in 2017.The tariff situation from the White House remains unclear.There is unlikely to be any major deregulation (such as the elimination of the Volcker Rule).Hundreds of billions of dollars have "fled" mutual funds.The global economy is moving at a "slow pace."Mergers and acquisition activities may be slowing down.Goldman Sachs' rivals may now boast capital advantages over Goldman.For these reasons, the analyst concluded that Goldman Sachs remains an "incredibly capable company" but at the end of the day the stock's narrative has now shifted to a "wait until next year story." (4/18/2017)
• 2. According to Zacks Investment Research, "Goldman’s shares outperformed the Zacks categorized Investment Brokers industry over the last six months. The company’s well-diversified business and its focus to capitalize on growth opportunities through strategic moves, including its new digital consumer lending platform, should continue to bolster its overall business. Also, the company is poised to benefit from its disciplined expense management and solid capital position. However, several issues including sluggish global economic growth and a stringent regulatory landscape remain near-to-medium-term headwinds. Moreover, various lawsuits, which are yet to be resolved are likely to lead to increased expenses and litigation provisions in the near term." (3/22/2017)

Some companies that are related to Goldman Sachs Group include Morgan Stanley (MS), Charles Schwab Corp (SCHW), CME Group (CME), TD Ameritrade Holding Corp. (AMTD), E*TRADE Financial Corp (ETFC), Leucadia National Corp. (LUK), MarketAxess Holdings (MKTX), LPL Financial Holdings (LPLA), BGC Partners (BGCP), Interactive Brokers Group (IBKR), KCG Holdings, Inc. Class A (KCG), Virtu Financial (VIRT), Cowen Group (COWN), Gain Capital Holdings (GCAP), FBR & Co (FBRC), JMP Group (JMP), A-Mark Precious Metals (AMRK) and Global Brokerage (GLBR).

Goldman Sachs Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.00%), Vanguard Group Inc. (5.81%), State Street Corp (5.58%), Massachusetts Financial Services Co. MA (2.81%), FMR LLC (2.69%) and Jennison Associates LLC (1.56%). Company insiders that own Goldman Sachs Group stock include Alan M Cohen, David A Viniar, David M Solomon, Edith W Cooper, Gary D Cohn, Goldman Sachs Group Inc, Gregory K Palm, Harvey M Schwartz, James A /Dc/ Johnson, John FW Rogers, Lloyd C Blankfein, Pablo J Salame and Sarah G Smith. View Institutional Ownership Trends for Goldman Sachs Group.

Goldman Sachs Group's stock was sold by a variety of institutional investors in the last quarter, including TIAA CREF Investment Management LLC, Bank of New York Mellon Corp, Sanders Capital LLC, Harris Associates L P, APG Asset Management N.V., Boston Partners, Teachers Advisors LLC and Tukman Grossman Capital Management Inc.. Company insiders that have sold Goldman Sachs Group stock in the last year include Alan M Cohen, David A Viniar, David M Solomon, Edith W Cooper, Gary D Cohn, Harvey M Schwartz, James A /Dc/ Johnson, John FW Rogers, Lloyd C Blankfein, Pablo J Salame and Sarah G Smith. View Insider Buying and Selling for Goldman Sachs Group.

Goldman Sachs Group's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., New England Asset Management Inc., Alliancebernstein L.P., FMR LLC, Vanguard Group Inc., State Street Corp, Canada Pension Plan Investment Board and Acadian Asset Management LLC. View Insider Buying and Selling for Goldman Sachs Group.

Shares of Goldman Sachs Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Goldman Sachs Group stock can currently be purchased for approximately $223.53.