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Mergers and Acquisitions in 2023 Off To A Strong Start
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S&P 500   3,852.36
DOW   32,920.46
QQQ   293.34
Mullen Automotive: The Good News, The Bad And The Ugly Outlook 
Is This The End of Capitalism? (Ad)
A Non-Salesy Annuity Guide To Buying Annuities
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The Next Big Crisis Is Here (Ad)
Mergers and Acquisitions in 2023 Off To A Strong Start
Chevron Delights Shareholders with $75 Billion in Share Buybacks
S&P 500   3,852.36
DOW   32,920.46
QQQ   293.34
Mullen Automotive: The Good News, The Bad And The Ugly Outlook 
Is This The End of Capitalism? (Ad)
A Non-Salesy Annuity Guide To Buying Annuities
3 Small Caps That Have Big Upside
The Next Big Crisis Is Here (Ad)
Levi Strauss Is A Good Fit For Income Investors 
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The Next Big Crisis Is Here (Ad)
Mergers and Acquisitions in 2023 Off To A Strong Start
Chevron Delights Shareholders with $75 Billion in Share Buybacks
NYSE:GS

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

$354.97
+5.34 (+1.53%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$349.52
$355.00
50-Day Range
$340.87
$388.86
52-Week Range
$277.84
$389.58
Volume
1.90 million shs
Average Volume
3.25 million shs
Market Capitalization
$118.89 billion
P/E Ratio
11.81
Dividend Yield
2.86%
Price Target
$396.83

The Goldman Sachs Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
11.7% Upside
$396.54 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
0.09mentions of The Goldman Sachs Group in the last 14 days
Based on 64 Articles This Week
Insider Trading
Selling Shares
$117.41 M Sold Last Quarter
Proj. Earnings Growth
14.59%
From $33.32 to $38.18 Per Share

Overall MarketRank

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

3.14 out of 5 stars

Finance Sector

36th out of 891 stocks

Security Brokers & Dealers Industry

1st out of 25 stocks


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

Goldman Sachs signals partial retreat from consumer banking
Goldman Sach spent eight years attempting to expand its business beyond corporations and the wealthy
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.
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
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.
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
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
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
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
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
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
Goldman, M. Stanley profits plunge as dealmaking dries up
The profits for two iconic Wall Street firms _ Goldman Sachs and Morgan Stanley _ plunged sharply last quarter as volatile markets cut deeply into  investment banking
US futures lower to start holiday-shortened earnings week
U.S. markets appeared slow to gain traction early Tuesday to start a holiday-shortened, earnings-heavy week
Antero Resources PT Lowered to $39 at Goldman Sachs
Goldman Sachs Issues a HUGE Housing Market Crash Alert
Goldman Sachs Names Bitcoin As Best Asset Performer
Thailand Raises Key Rate to 1.5%, Signals More Tightening
Goldman Sachs Shareholder Action Reminder
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
1/27/2023
Next Earnings (Estimated)
4/13/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Security brokers & dealers
Sub-Industry
Investment Banking & Brokerage
Sector
Finance
CUSIP
38141G10
Employees
43,900
Year Founded
1869

Price Target and Rating

Average Stock Price Forecast
$396.54
High Stock Price Forecast
$495.00
Low Stock Price Forecast
$290.00
Forecasted Upside/Downside
+11.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
16 Analysts

Profitability

Net Income
$11.26 billion
Pretax Margin
28.47%

Debt

Sales & Book Value

Annual Sales
$68.71 billion
Cash Flow
$41.57 per share
Book Value
$349.34 per share

Miscellaneous

Free Float
333,007,000
Market Cap
$118.89 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













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 Wall Street analysts 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 anticipate the company's stock price to reach $396.54 in the next twelve months. This suggests a possible upside of 11.7% 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 beginning of the year. Since then, GS shares have increased by 3.4% and is now trading at $354.97.
View the best growth stocks for 2023 here
.

Are investors shorting The Goldman Sachs Group?

The Goldman Sachs Group saw a drop in short interest in the month of December. As of December 30th, there was short interest totaling 4,500,000 shares, a drop of 6.6% from the December 15th total of 4,820,000 shares. Based on an average daily volume of 2,320,000 shares, the short-interest ratio is presently 1.9 days. Currently, 1.3% 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 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) announced its quarterly earnings results 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 analyst estimates of $10.91 billion. The Goldman Sachs Group had a trailing twelve-month return on equity of 10.30% and a net margin of 16.39%. The Goldman Sachs Group's revenue for the quarter was down 16.2% compared to the same quarter last year. During the same period last year, the company posted $10.81 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 Friday, January 13th. Stockholders 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 2.82%. 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 2.86%. 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 26.19% 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 retail and institutional investors. Top institutional shareholders include Greenhaven Associates Inc. (0.64%), Assenagon Asset Management S.A. (0.00%), Focused Investors LLC (0.11%), Strs Ohio (0.07%), Calamos Advisors LLC (0.06%) and Yacktman Asset Management LP (0.06%). 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 $354.97.

How much money does The Goldman Sachs Group make?

The Goldman Sachs Group (NYSE:GS) has a market capitalization of $118.89 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.
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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 1/27/2023 by MarketBeat.com Staff