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 Stock Performance
NYSE:GS opened at $354.52 on Friday. The firm has a market capitalization of $121.02 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 0.81 and a beta of 1.39. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.87 and a quick ratio of 0.87. The company's 50-day moving average is $312.13 and its two-hundred day moving average is $324.01. The Goldman Sachs Group has a 1-year low of $277.84 and a 1-year high of $426.16.
The Goldman Sachs Group (NYSE:GS - Get Rating) last announced its quarterly earnings results 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 return on equity of 15.89% and a net margin of 27.75%. The business had revenue of $11.86 billion for the quarter, compared to analyst estimates of $10.70 billion. During the same quarter in the prior year, the company posted $15.02 EPS. The company's quarterly revenue was down 22.9% on a year-over-year basis. Analysts forecast that The Goldman Sachs Group will post 34.33 EPS for the current year.
The Goldman Sachs Group Dividend Announcement
The company also recently disclosed a dividend, which was paid on Wednesday, August 10th. Investors of record on Tuesday, July 26th were issued a $2.50 dividend. The ex-dividend date of this dividend was Monday, July 25th. The Goldman Sachs Group's dividend payout ratio is presently 18.09%.
Analyst Ratings Changes
GS has been the topic of a number of research analyst reports. Bank of America raised shares of The Goldman Sachs Group from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $360.00 to $380.00 in a report on Wednesday, June 29th. Wells Fargo & Company dropped their target price on The Goldman Sachs Group from $420.00 to $380.00 and set an "overweight" rating on the stock in a research report on Friday, July 1st. Citigroup decreased their price objective on shares of The Goldman Sachs Group from $400.00 to $360.00 in a research note on Tuesday, July 12th. Barclays decreased 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, Piper Sandler reduced their price objective on The Goldman Sachs Group from $430.00 to $410.00 and set an "overweight" rating for the company in a research note on Friday, July 1st. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $413.92.
Insider Activity at The Goldman Sachs Group
In other news, Director Goldman Sachs Group Inc sold 86,068 shares of the firm's stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $15.30, for a total value of $1,316,840.40. Following the completion of the transaction, the director now owns 2,240,454 shares of the company's stock, valued at $34,278,946.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Goldman Sachs Group Inc sold 86,068 shares of the business's stock in a transaction on Tuesday, June 14th. The stock was 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 of the company's stock, valued at approximately $34,278,946.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Philip R. Berlinski sold 8,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the treasurer now directly owns 13,745 shares in the company, valued at approximately $4,791,781.90. The disclosure for this sale can be found here. Insiders sold 1,192,483 shares of company stock worth $26,478,117 in the last three months. 0.57% of the stock is owned by company insiders.
