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

14 Wall Street equities 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 equities 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.
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14 brokerages have issued 1 year price targets for The Goldman Sachs Group's stock. Their GS share price forecasts range from $290.00 to $477.00. On average, they predict the company's share price to reach $400.19 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price.
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The Goldman Sachs Group's stock was trading at $382.55 at the beginning of the year. Since then, GS shares have decreased by 0.5% and is now trading at $380.58.
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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 days-to-cover ratio is currently 3.1 days. Approximately 2.1% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 17th 2023.
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The Goldman Sachs Group, Inc. (NYSE:GS) released its quarterly earnings results on Tuesday, October, 18th. The investment management company reported $8.25 earnings per share for the quarter, topping analysts' consensus estimates of $7.47 by $0.78. The investment management company earned $11.98 billion during the quarter, compared to analysts' expectations of $11.53 billion. The Goldman Sachs Group had a trailing twelve-month return on equity of 13.23% and a net margin of 22.50%. The company's quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $14.93 earnings per share.
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The Goldman Sachs Group declared a quarterly dividend on Monday, October 17th. Shareholders of record on Thursday, December 1st will be paid a dividend of $2.50 per share on Thursday, December 29th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Wednesday, November 30th.
Read our dividend analysis for GS.

The Goldman Sachs Group (NYSE:GS) pays an annual dividend of $10.00 per share and currently has a dividend yield of 2.61%. 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.

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 a variety of retail and institutional investors. Top institutional shareholders 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.
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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 $380.58.

The Goldman Sachs Group (NYSE:GS) has a market capitalization of $128.88 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.

The company employs 43,900 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.