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.
Analysts Set New Price Targets
Several equities analysts have issued reports on GS shares. Royal Bank of Canada cut their price target on shares of The Goldman Sachs Group from $390.00 to $370.00 and set a "sector perform" rating on the stock in a report on Friday, July 1st. Citigroup dropped their price target on shares of The Goldman Sachs Group from $400.00 to $360.00 in a research report on Tuesday, July 12th. Morgan Stanley decreased their price objective on shares of The Goldman Sachs Group from $418.00 to $354.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 12th. Barclays reduced their target price on shares of The Goldman Sachs Group from $505.00 to $450.00 and set an "overweight" rating for the company in a research report on Tuesday, July 19th. Finally, BMO Capital Markets cut their target price on The Goldman Sachs Group from $475.00 to $461.00 in a research note on Tuesday, July 19th. Six equities research 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 Goldman Sachs Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $413.92.
The Goldman Sachs Group Trading Up 0.6 %
NYSE:GS opened at $355.85 on Tuesday. The Goldman Sachs Group has a one year low of $277.84 and a one year high of $426.16. The firm has a market capitalization of $121.47 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.87 and a current ratio of 0.87. The company has a 50-day simple moving average of $309.67 and a 200-day simple moving average of $323.59.
The Goldman Sachs Group (NYSE:GS - Get Rating) last released its earnings results on Monday, July 18th. The investment management company reported $7.73 earnings per share for the quarter, topping analysts' consensus estimates of $6.61 by $1.12. The firm had revenue of $11.86 billion during the quarter, compared to the consensus estimate of $10.70 billion. The Goldman Sachs Group had a return on equity of 15.89% and a net margin of 27.75%. The firm's revenue for the quarter was down 22.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $15.02 earnings per share. On average, equities analysts forecast that The Goldman Sachs Group will post 34.33 earnings per share for the current year.
The Goldman Sachs Group Announces Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, August 10th. Stockholders of record on Tuesday, July 26th were given a dividend of $2.50 per share. The ex-dividend date was Monday, July 25th. The Goldman Sachs Group's dividend payout ratio is presently 18.09%.
Insider Transactions at The Goldman Sachs Group
In related news, Director Goldman Sachs Group Inc sold 86,068 shares of the company's stock in a transaction dated 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 transaction, the director now owns 2,240,454 shares in the company, valued at approximately $34,278,946.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Goldman Sachs Group Inc sold 86,068 shares of The Goldman Sachs Group stock in a transaction that occurred 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 sale, the director now owns 2,240,454 shares in the company, valued at approximately $34,278,946.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Treasurer Philip R. Berlinski sold 8,000 shares of The Goldman Sachs Group stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $348.62, for a total transaction of $2,788,960.00. Following the sale, the treasurer now directly owns 13,745 shares of the company's stock, valued at approximately $4,791,781.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,238,195 shares of company stock valued at $26,740,631. Corporate insiders own 0.57% of the company's stock.
