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NYSE:GS

The Goldman Sachs Group - GS Stock Forecast, Price & News

$374.40
+3.60 (+0.97%)
(As of 02/7/2023 12:00 AM ET)
Add
Compare
Today's Range
$367.34
▼
$376.31
50-Day Range
$340.87
▼
$386.15
52-Week Range
$277.84
▼
$389.58
Volume
2.19 million shs
Average Volume
3.38 million shs
Market Capitalization
$125.39 billion
P/E Ratio
12.46
Dividend Yield
2.70%
Price Target
$394.83

The Goldman Sachs Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
5.5% Upside
$394.83 Price Target
Short Interest
Healthy
1.19% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.40
Upright™ Environmental Score
News Sentiment
0.18mentions of The Goldman Sachs Group in the last 14 days
Based on 41 Articles This Week
Insider Trading
Selling Shares
$114.88 M Sold Last Quarter
Proj. Earnings Growth
18.07%
From $32.98 to $38.94 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.97 out of 5 stars

Finance Sector

54th out of 861 stocks

Security Brokers & Dealers Industry

2nd out of 25 stocks

See Top Rated MarketRank™ Stocks Here
GS stock logo

About The Goldman Sachs Group (NYSE:GS) Stock

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.

 

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GS Stock News Headlines

January 31, 2023 | marketbeat.com
Is It Worth Toying Around With Hasbro's Drop? (GS)
Sentiment on Hasbro stock could be low for some time but if it heads back toward pandemic lows in the $40’s, it could be an undervalued turnaround play.
January 30, 2023 | marketbeat.com
Why Extreme Networks is a Recession-Proof Technology Play (GS)
Spending cuts and layoffs are continually making headlines as the economy contracts. Some of the most prominent household names have announced plans or
February 7, 2023 | Wall Street Watch Dogs (Ad)
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
January 25, 2023 | marketbeat.com
Goldman Sachs signals partial retreat from consumer banking
Goldman Sach spent eight years attempting to expand its business beyond corporations and the wealthy
January 24, 2023 | marketbeat.com
Is the Northrop Grumman Selloff an Opportunity? (GS)
Chatter around Northrop Grumman is on the rise as traders feverishly debate whether the -17% year-to-date decline is an opportunity or a sign of more to come.
January 23, 2023 | marketbeat.com
When Does Pfizer Become A Bargain? (GS)
With a price-to-earnings ratio of less than 9 and a dividend yield of 3.63% you have to be thinking that Pfizer may a bit of a bargain down here.
January 18, 2023 | marketbeat.com
Tokyo shares jump after Bank of Japan keeps policy unchanged
Share have advanced in Asia, with Tokyo gaining more than 2%, after Japan's central bank kept its lax monetary policy unchanged, dispelling speculation it would yield to pressure to tighten credit
January 17, 2023 | marketbeat.com
Asian shares decline as Bank of Japan keeps policy unchanged
Asian shares are mostly lower after Japan's central bank kept its lax monetary policy unchanged, contrary to speculation it would yield to pressure to tighten credit
February 7, 2023 | Wall Street Watch Dogs (Ad)
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
January 17, 2023 | marketbeat.com
How major US stock indexes fared Tuesday 1/17/2023
Major U.S. indexes closed mixed on Wall Street at the beginning of a holiday-shortened, but earnings-heavy week
January 17, 2023 | marketbeat.com
Stocks edge lower on Wall Street in uncertain trading
Stocks edged mostly lower in uncertain trading on Wall Street to kick off a holiday-shortened, but earnings-heavy week
January 17, 2023 | marketbeat.com
US stocks edge lower in uncertain trading amid earnings
Stocks edged mostly lower in uncertain trading on Wall Street to kick off a holiday-shortened, but earnings-heavy week
February 7, 2023 | 247wallst.com
5 Goldman Sachs Conviction List Stock Pick Winners With 50% to 75% Upside Potential
February 7, 2023 | msn.com
The odds of the US slipping into recession are now just 25% thanks to a surge in jobs, Goldman Sachs says
February 7, 2023 | msn.com
Inside David Solomon's efforts to transform Goldman Sachs —and where things went wrong
February 7, 2023 | finance.yahoo.com
Maybe Goldman should just be Goldman
February 7, 2023 | finance.yahoo.com
Goldman Sachs Asset Management closes $5.2 billion growth equity fund
February 7, 2023 | finance.yahoo.com
Goldman Sachs Asset Management closes first growth equity fund for minority stakes in portfolio companies
February 7, 2023 | marketwatch.com
Market Extra: Goldman Sachs ups its near-term S&P 500 target due to brighter economic picture. But here’s what the bank’s strategists say could knock 25% off stocks.
February 7, 2023 | finance.yahoo.com
Will Harvey Schwartz prime Carlyle for a sale?
February 6, 2023 | ca.finance.yahoo.com
Goldman Sachs cuts U.S. recession odds to 25% on strong labor market
February 6, 2023 | msn.com
The stock market rally is about to crumble, and investors should expect zero upside for equities through the end of the year, Goldman Sachs says
February 6, 2023 | markets.businessinsider.com
Jobs numbers are so high that the Fed won't support stocks by cutting rates until 2024, Goldman Sachs chief economist says
February 6, 2023 | msn.com
Hedge funds caught in bigger squeeze than 2021 meme stock frenzy - Goldman Sachs note
February 6, 2023 | proactiveinvestors.com
Goldman Sachs commodities seer sees oil surging above US$100
February 6, 2023 | msn.com
Carlyle Hires Former Goldman Sachs Executive Harvey Schwartz as Next CEO
February 6, 2023 | msn.com
Carlyle Group names Goldman Sachs veteran Harvey Schwartz as CEO
See More Headlines
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GS Company Calendar

Ex-Dividend for 12/29 Dividend
11/30/2022
Dividend Payable
12/29/2022
Last Earnings
1/17/2023
Today
2/07/2023
Ex-Dividend for 3/30 Dividend
3/01/2023
Dividend Payable
3/30/2023
Next Earnings (Estimated)
4/13/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Security brokers & dealers
Sub-Industry
Investment Banking & Brokerage
Sector
Finance
Current Symbol
NYSE:GS
CUSIP
38141G10
CIK
886982
Web
www.goldmansachs.com
Phone
(212) 902-1000
Fax
212-902-3000
Employees
43,900
Year Founded
1869

Price Target and Rating

Average Stock Price Forecast
$394.83
High Stock Price Forecast
$495.00
Low Stock Price Forecast
$290.00
Forecasted Upside/Downside
+5.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
16 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$30.06
Trailing P/E Ratio
12.46
Forward P/E Ratio
11.35
P/E Growth
N/A
Net Income
$11.26 billion
Net Margins
16.39%
Pretax Margin
28.47%
Return on Equity
10.30%
Return on Assets
0.73%

Debt

Debt-to-Equity Ratio
2.11
Current Ratio
1.18
Quick Ratio
0.84

Sales & Book Value

Annual Sales
$68.71 billion
Price / Sales
1.82
Cash Flow
$41.46 per share
Price / Cash Flow
9.03
Book Value
$349.34 per share
Price / Book
1.07

Miscellaneous

Outstanding Shares
334,920,000
Free Float
333,007,000
Market Cap
$125.39 billion
Optionable
Optionable
Beta
1.41

Social Links


Key Executives

  • David Michael Solomon
    Chairman & Chief Executive Officer
  • John Edward Waldron
    President & Chief Operating Officer
  • Denis P. Coleman
    Chief Financial Officer
  • Marco Argenti
    Co-Chief Information Officer
  • George C. Lee
    Co-Chief Information Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













GS Stock - Frequently Asked Questions

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

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Goldman Sachs Group in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GS shares.
View GS analyst ratings or view top-rated stocks.

What is The Goldman Sachs Group's stock price forecast for 2023?

16 brokerages have issued 12 month price targets for The Goldman Sachs Group's stock. Their GS share price forecasts range from $290.00 to $495.00. On average, they predict the company's stock price to reach $394.83 in the next year. This suggests a possible upside of 6.4% 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 2023?

The Goldman Sachs Group's stock was trading at $343.38 at the start of the year. Since then, GS shares have increased by 8.1% and is now trading at $371.15.
View the best growth stocks for 2023 here.

Are investors shorting The Goldman Sachs Group?

The Goldman Sachs Group saw a decrease in short interest in the month of December. As of December 30th, there was short interest totaling 4,500,000 shares, a decrease of 6.6% from the December 15th total of 4,820,000 shares. Based on an average trading volume of 2,320,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.3% of the company's shares 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 Thursday, April 13th 2023.
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 Tuesday, January, 17th. The investment management company reported $3.32 earnings per share for the quarter, missing analysts' consensus estimates of $5.25 by $1.93. The investment management company earned $10.59 billion during the quarter, compared to analysts' expectations of $10.91 billion. The Goldman Sachs Group had a net margin of 16.39% and a trailing twelve-month return on equity of 10.30%. The firm's revenue was down 16.2% compared to the same quarter last year. During the same period in the prior year, the company posted $10.81 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 Friday, January 13th. Shareholders of record on Thursday, March 2nd will be given a dividend of $2.50 per share on Thursday, March 30th. This represents a $10.00 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, March 1st.
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 $10.00 per share and currently has a dividend yield of 2.70%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GS will have a dividend payout ratio of 25.68% 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).

What is The Goldman Sachs Group's stock symbol?

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

Who are The Goldman Sachs Group's major shareholders?

The Goldman Sachs Group's stock is owned by many different institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (1.46%), Greenhaven Associates Inc. (0.64%), Sumitomo Mitsui Trust Holdings Inc. (0.37%), Capital Wealth Planning LLC (0.30%), Assenagon Asset Management S.A. (0.00%) and Fort Washington Investment Advisors Inc. OH (0.22%). Insiders that own company stock include Brian J Lee, David A Viniar, David M Solomon, Ericka T Leslie, Goldman Sachs Group Inc, John E Waldron, John FW Rogers, Laurence Stein, Philip R Berlinski and Stephen M Scherr.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is The Goldman Sachs Group's stock price today?

One share of GS stock can currently be purchased for approximately $371.15.

How much money does The Goldman Sachs Group make?

The Goldman Sachs Group (NYSE:GS) has a market capitalization of $124.31 billion and generates $68.71 billion in revenue each year. The investment management company earns $11.26 billion in net income (profit) each year or $30.06 on an earnings per share basis.

How many employees does The Goldman Sachs Group have?

The company employs 43,900 workers across the globe.

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.
Read More
How can I contact The Goldman Sachs Group?

The Goldman Sachs Group's mailing address is 200 WEST STREET, NEW YORK NY, 10282. The official website for the company is www.goldmansachs.com. The investment management company can be reached via phone at (212) 902-1000, via email at gs-investor-relations@gs.com, or via fax at 212-902-3000.

This page (NYSE:GS) was last updated on 2/7/2023 by MarketBeat.com Staff