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

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Goldman Sachs Group in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GS shares.
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18 brokers have issued 12 month price targets for The Goldman Sachs Group's stock. Their GS share price forecasts range from $290.00 to $470.00. On average, they predict the company's share price to reach $389.17 in the next year. This suggests a possible upside of 20.2% from the stock's current price.
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The Goldman Sachs Group's stock was trading at $343.38 at the beginning of 2023. Since then, GS stock has decreased by 5.7% and is now trading at $323.65.
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The Goldman Sachs Group saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,270,000 shares, a decline of 9.2% from the April 30th total of 3,600,000 shares. Based on an average daily trading volume, of 2,460,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.0% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 17th 2023.
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The Goldman Sachs Group, Inc. (NYSE:GS) issued its quarterly earnings data on Tuesday, April, 18th. The investment management company reported $8.79 earnings per share for the quarter, topping analysts' consensus estimates of $8.14 by $0.65. The investment management company earned $12.22 billion during the quarter, compared to analyst estimates of $12.66 billion. The Goldman Sachs Group had a net margin of 13.23% and a trailing twelve-month return on equity of 9.84%. The firm's quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $10.76 earnings per share.
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The Goldman Sachs Group announced a quarterly dividend on Tuesday, April 18th. Investors of record on Thursday, June 1st will be given a dividend of $2.50 per share on Thursday, June 29th. This represents a $10.00 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for GS.

ETFs with the largest weight of The Goldman Sachs Group (NYSE:GS) stock in their portfolio include iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), SPDR Dow Jones Industrial Average ETF Trust (DIA), Global X Dow 30 Covered Call ETF (DJIA), Nationwide Dow Jones Risk Managed Income ETF (NDJI), ProShares UltraPro Dow30 (UDOW), ProShares Ultra Dow30 (DDM), Amplify YieldShares CWP Dividend & Option Income ETF (DIVO) and Optimize AI Smart Sentiment Event-Driven ETF (OAIE).

The Goldman Sachs Group (NYSE:GS) pays an annual dividend of $10.00 per share and currently has a dividend yield of 3.16%. 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 35.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GS will have a dividend payout ratio of 27.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GS.

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.

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).

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

The Goldman Sachs Group's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (6.99%), State Street Corp (5.94%), Geode Capital Management LLC (1.83%), Dodge & Cox (1.73%), Fisher Asset Management LLC (1.50%) and Bank of New York Mellon Corp (1.45%). 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, Kathryn H Ruemmler, Laurence Stein, Philip R Berlinski and Stephen M Scherr.
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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.
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One share of GS stock can currently be purchased for approximately $323.65.

The Goldman Sachs Group (NYSE:GS) has a market capitalization of $107.60 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 $28.09 on an earnings per share basis.

The company employs 48,500 workers across the globe.

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.