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NYSE:GS

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

$383.71
+1.35 (+0.35%)
(As of 11/29/2022 05:11 PM ET)
Add
Compare
Today's Range
$379.26
$384.93
50-Day Range
$291.38
$388.86
52-Week Range
$277.84
$412.66
Volume
1.74 million shs
Average Volume
2.68 million shs
Market Capitalization
$129.94 billion
P/E Ratio
10.22
Dividend Yield
2.62%
Price Target
$400.19

The Goldman Sachs Group MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
4.6% Upside
$400.19 Price Target
Short Interest
Healthy
2.11% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.41
Upright™ Environmental Score
News Sentiment
0.05mentions of The Goldman Sachs Group in the last 14 days
Based on 40 Articles This Week
Insider Trading
Selling Shares
$108.99 M Sold Last Quarter
Proj. Earnings Growth
13.31%
From $33.35 to $37.79 Per Share

Overall MarketRank

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

2.48 out of 5 stars

Finance Sector

364th out of 907 stocks

Security Brokers & Dealers Industry

12th out of 24 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

Charles Schwab is Making All the Right Moves (GS)
Charles Schwab (NYSE: SCHW) has evolved beyond its humbled beginnings as a discount broker. Even before the advent of the internet,
Morgan Stanley Still Has Double Digit Upside (GS)
Investment banking and financial services company Morgan Stanley (NYSE: MS) stock is trading down (-17%) compared to peers Goldman Sachs (NYSE: GS) (-13%)
Buy Goldman Sachs BDC's Fat And Covered 11.3% Yield
See More Headlines
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GS Company Calendar

Ex-Dividend for 9/29 Dividend
8/31/2022
Dividend Payable
9/29/2022
Last Earnings
10/18/2022
Today
11/29/2022
Ex-Dividend for 12/29 Dividend
11/30/2022
Dividend Payable
12/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/17/2023

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
$400.19
High Stock Price Forecast
$477.00
Low Stock Price Forecast
$290.00
Forecasted Upside/Downside
+4.3%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
14 Analysts

Profitability

Net Income
$21.64 billion
Pretax Margin
27.55%

Debt

Sales & Book Value

Annual Sales
$64.99 billion
Cash Flow
$69.77 per share
Book Value
$296.37 per share

Miscellaneous

Free Float
336,705,000
Market Cap
$129.94 billion
Optionable
Optionable
Beta
1.38

Social Links


Key Executives

  • Mr. David  SolomonMr. David Solomon (Age 60)
    Chairman & CEO
    Comp: $12.16M
  • Mr. John E. WaldronMr. John E. Waldron (Age 52)
    Pres & COO
    Comp: $14.63M
  • Ms. Kathryn H. Ruemmler (Age 50)
    Chief Legal Officer, Sec. & Gen. Counsel
    Comp: $7.96M
  • Mr. Philip R. BerlinskiMr. Philip R. Berlinski (Age 45)
    Global Treasurer
    Comp: $10.57M
  • Mr. Denis P. Coleman III (Age 47)
    Chief Financial Officer
  • Mr. J. D. Gardner
    Director
  • Ms. Sheara J. Fredman (Age 46)
    Controller & Chief Accounting Officer
  • Mr. Christopher G. French (Age 66)
    MD, Head & Chairman of European Investment Banking
  • F. X. De Mallmann
    Chair of Investment Banking
  • Mr. Atte Lahtiranta
    Partner & Chief Technology Officer













GS Stock - Frequently Asked Questions

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

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Goldman Sachs Group in the last year. There are currently 2 sell ratings, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" GS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GS, but not buy additional shares or sell existing shares.
View GS analyst ratings
or view top-rated stocks.

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

14 Wall Street analysts have issued twelve-month price objectives for The Goldman Sachs Group's shares. Their GS share price forecasts range from $290.00 to $477.00. On average, they anticipate the company's share price to reach $400.19 in the next twelve months. This suggests a possible upside of 4.8% 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 2022?

The Goldman Sachs Group's stock was trading at $382.55 at the beginning of 2022. Since then, GS shares have decreased by 0.1% and is now trading at $382.01.
View the best growth stocks for 2022 here
.

Are investors shorting The Goldman Sachs Group?

The Goldman Sachs Group saw a increase in short interest in November. As of November 15th, there was short interest totaling 7,100,000 shares, an increase of 24.3% from the October 31st total of 5,710,000 shares. Based on an average daily volume of 2,280,000 shares, the short-interest ratio is presently 3.1 days. Currently, 2.1% of the shares of the stock are short sold.
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 Tuesday, January 17th 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, October, 18th. The investment management company reported $8.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.47 by $0.78. The investment management company had revenue of $11.98 billion for the quarter, compared to analysts' expectations of $11.53 billion. The Goldman Sachs Group had a net margin of 22.50% and a trailing twelve-month return on equity of 13.23%. The Goldman Sachs Group's revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $14.93 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 Monday, October 17th. Stockholders of record on Thursday, December 1st will be given a dividend of $2.50 per share on Thursday, December 29th. This represents a $10.00 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Wednesday, November 30th.
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 2.57%. 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 26.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GS will have a dividend payout ratio of 26.46% 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.88%), BlackRock Inc. (6.81%), State Street Corp (6.10%), Price T Rowe Associates Inc. MD (2.80%), Massachusetts Financial Services Co. MA (2.41%) and Bank of New York Mellon Corp (1.41%). Insiders that own company stock include Brian J Lee, David A Viniar, David M Solomon, 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 $382.01.

How much money does The Goldman Sachs Group make?

The Goldman Sachs Group (NYSE:GS) has a market capitalization of $129.36 billion and generates $64.99 billion in revenue each year. The investment management company earns $21.64 billion in net income (profit) each year or $37.55 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 11/29/2022 by MarketBeat.com Staff