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NYSE:GS

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

$355.45
-0.40 (-0.11%)
(As of 08/16/2022 02:28 PM ET)
Add
Compare
Today's Range
$352.38
$356.39
50-Day Range
$279.79
$355.85
52-Week Range
$277.84
$426.16
Volume
66,247 shs
Average Volume
2.55 million shs
Market Capitalization
$121.34 billion
P/E Ratio
8.04
Dividend Yield
2.26%
Price Target
$413.92

The Goldman Sachs Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.62 Rating Score
Upside/​Downside
16.5% Upside
$413.92 Price Target
Short Interest
Healthy
1.54% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.60
Upright™ Environmental Score
News Sentiment
0.03mentions of The Goldman Sachs Group in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$28.47 M Sold Last Quarter
Proj. Earnings Growth
13.22%
From $34.33 to $38.87 Per Share

Overall MarketRank

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

2.96 out of 5 stars

Finance Sector

94th out of 924 stocks

Security Brokers & Dealers Industry

6th out of 25 stocks

GS stock logo

About The Goldman Sachs Group (NYSE:GS) Stock

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.

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GS Stock News Headlines

EXPLAINER: How do we know when a recession has begun?
The U.S. economy has contracted for two straight quarters, intensifying fears that it is on the cusp of a recession, if not already in one, barely two years after the pandemic downturn officially ended
Banks far from hitting Paris climate targets, groups warn
Many of the world's biggest banks are falling far short of aligning their practices with the Paris Agreement goal of limiting the Earth's warming to 1.5 degrees Celsius above pre-industrial levels, a new report warns
Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
Rishi Sunak, heir apparent who ran afoul of Boris Johnson
Former Treasury chief Rishi Sunak is one of two finalists in the race to replace Boris Johnson as Britain's prime minister
Wall Street's slowdown cuts into Goldman's 2Q profits
Investment banking giant Goldman Sachs saw its second-quarter profits fall nearly half from a year ago, as the markets turmoil and warnings of a possible recession caused the bank’s deal-making business to slow down considerably
Johnson & Johnson Continues to Prove its Value in a Volatile Year (GS)
Johnson & Johnson is scheduled to release its second quarter earnings report on July 19, 2022. Low single-digit growth may not do much to excite investors. But in this article, we’ll take a closer look at the reasons why investors should consider adding JNJ stock to their bear market portfolio
Economic and National Security Threats Create Lithium Bonanza
The U.S. and China are fighting for new sources of lithium – the linchpin of clean energy. Lithium mining operations have been declared a national emergency. Biden has ordered America's lithium supply chain to be strengthened and investors in lithium exploration companies are rejoicing. We may be entering a decades-long lithium bull run. You don't want to miss it.
7 Analysts Have This to Say About ironSource
Freshpet PT Lowered to $79 at Goldman Sachs
See More Headlines
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GS Company Calendar

Last Earnings
7/18/2022
Ex-Dividend for 8/10 Dividend
7/25/2022
Dividend Payable
8/10/2022
Today
8/16/2022
Ex-Dividend for 9/29 Dividend
8/31/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
10/21/2022
Fiscal Year End
12/31/2022

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
$413.92
High Stock Price Forecast
$519.00
Low Stock Price Forecast
$354.00
Forecasted Upside/Downside
+16.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.62
Research Coverage
13 Analysts

Profitability

Net Income
$21.64 billion
Pretax Margin
34.41%

Debt

Sales & Book Value

Annual Sales
$64.99 billion
Cash Flow
$70.95 per share
Book Value
$296.37 per share

Miscellaneous

Free Float
339,410,000
Market Cap
$121.34 billion
Optionable
Optionable
Beta
1.39

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