The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services. This segment also offers underwriting services, such as equity underwriting for common and preferred stock and convertible and exchangeable securities; and debt underwriting for various types of debt instruments, including investment-grade and high-yield debt, bank and bridge loans, and emerging-and growth-market debt, as well as originates structured securities. Its Global Markets segment is involved in client execution activities for cash and derivative instruments; credit and interest rate products; and provision of equity intermediation and equity financing, clearing, settlement, and custody services, as well as mortgages, currencies, commodities, and equities related products. The company's Asset Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities; and provides customized investment advisory solutions, as well as invests in corporate, real estate, and infrastructure entities. Its Consumer & Wealth Management segment offers wealth advisory and banking services, including financial planning, investment management, deposit taking, and lending; private banking; and unsecured loans, as well as accepts saving and time deposits. The company was founded in 1869 and is headquartered in New York, New York.
The Goldman Sachs Group Trading Down 0.2 %
Shares of NYSE:GS opened at $354.97 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.34. The Goldman Sachs Group has a 52-week low of $277.84 and a 52-week high of $426.16. The stock has a market cap of $121.17 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.81 and a beta of 1.39. The business has a 50-day moving average price of $310.34 and a 200-day moving average price of $323.81.
The Goldman Sachs Group (NYSE:GS - Get Rating) last announced its quarterly earnings data on Monday, July 18th. The investment management company reported $7.73 EPS for the quarter, beating the consensus estimate of $6.61 by $1.12. The Goldman Sachs Group had a net margin of 27.75% and a return on equity of 15.89%. The business had revenue of $11.86 billion during the quarter, compared to analysts' expectations of $10.70 billion. During the same period in the previous year, the business posted $15.02 EPS. The business's quarterly revenue was down 22.9% compared to the same quarter last year. Equities analysts predict that The Goldman Sachs Group will post 34.33 EPS for the current year.
The Goldman Sachs Group Dividend Announcement
The business also recently declared a dividend, which was paid on Wednesday, August 10th. Shareholders of record on Tuesday, July 26th were issued a $2.50 dividend. The ex-dividend date was Monday, July 25th. The Goldman Sachs Group's payout ratio is presently 18.09%.
Analysts Set New Price Targets
A number of research firms recently weighed in on GS. Citigroup reduced their price objective on shares of The Goldman Sachs Group from $400.00 to $360.00 in a research report on Tuesday, July 12th. Piper Sandler cut their price target on shares of The Goldman Sachs Group from $430.00 to $410.00 and set an "overweight" rating on the stock in a report on Friday, July 1st. BMO Capital Markets reduced their target price on shares of The Goldman Sachs Group from $475.00 to $461.00 in a research report on Tuesday, July 19th. Bank of America upgraded The Goldman Sachs Group from a "neutral" rating to a "buy" rating and boosted their price target for the company from $360.00 to $380.00 in a report on Wednesday, June 29th. Finally, Credit Suisse Group set a $415.00 target price on The Goldman Sachs Group in a report on Tuesday, July 19th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $413.92.
Insider Transactions at The Goldman Sachs Group
In related news, Treasurer Philip R. Berlinski sold 8,000 shares of the business's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $348.62, for a total value of $2,788,960.00. Following the completion of the transaction, the treasurer now directly owns 13,745 shares in the company, valued at approximately $4,791,781.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other The Goldman Sachs Group news, Director Goldman Sachs Group Inc sold 86,068 shares of the company's stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $15.30, for a total transaction of $1,316,840.40. Following the completion of the transaction, the director now directly owns 2,240,454 shares in the company, valued at $34,278,946.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Philip R. Berlinski sold 8,000 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $348.62, for a total transaction of $2,788,960.00. Following the transaction, the treasurer now directly owns 13,745 shares in the company, valued at $4,791,781.90. The disclosure for this sale can be found here. Insiders have sold 1,238,195 shares of company stock valued at $26,740,631 in the last 90 days. 0.57% of the stock is currently owned by company insiders.
